David H. Koch - Co-owner of Koch Industries, Timeline and Family

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David H. Koch's Personal Details

David Koch is an American businessman and philanthropist

InformationDetail
BirthdayMay 3, 1940
NationalityAmerican
FamousCo-owner of Koch Industries, Philanthropists, Massachusetts Institute Of Technology, Business People
SpousesJulia Margaret Flesher
SiblingsCharles Koch
Known asDavid Hamilton Koch, David Koch
Childrens David Koch Jr., John Mark Koch, Mary Julia Koch
Universities
  • Massachusetts Institute Of Technology (MIT)
  • 1963 - Massachusetts Institute of Technology
  • 1962 - Massachusetts Institute of Technology
  • 1959 - Deerfield Academy
Notable Alumnis
  • Massachusetts Institute Of Technology (MIT)
Founder / Co-Founder
  • Citizens for a Sound Economy
  • Americans for Prosperity
Birth PlaceWichita
Height196cm
GenderMale
FatherFred C. Koch
MotherMary R. Koch
Net Worth$47.5 Billion as of June 26,2017
Sun SignTaurus
Born inWichita
Famous asCo-owner of Koch Industries

// Famous Co-owner of Koch Industries

David H. Koch's photo

Who is David H. Koch?

David Hamilton Koch is an American businessman who is a co-owner of Koch Industries, a conglomerate that is the second-largest privately held company in the United States. He also serves as the company’s executive vice president. An alumnus of the prestigious Massachusetts Institute of Technology (MIT), he is a professionally qualified chemical engineer. Following the completion of his education he worked for several engineering consulting firms including the Amicon Corporation, Halco International, and the Scientific Design Company. Eventually he joined the family business Koch Industries that had been founded by his father, Fred Koch, in 1940. At the time of his joining his elder brother Charles was heading the company and young David worked as a technical-services manager under him. Eventually David went on to found his company’s New York office and became the president of his own division, Koch Engineering, renamed Chemical Technology Group. The Koch family is counted amongst the wealthiest ones in the United States, and David himself was named the ninth wealthiest person in the world in 2014. He is also a very generous philanthropist and as a cancer survivor, has donated millions to medical research causes and institutions including $100 million to the Massachusetts Institute of Technology (MIT) for the construction of a new research and technology facility

// Famous Business People

Childhood & Early Life

David Koch was born on May 3, 1940 to Mary and Fred Chase Koch. His father was a chemical engineer cum businessman who founded the Koch Industries the same year David was born. He has three brothers: Frederick, Charles, and William.

David attended the Deerfield Academy prep school in Massachusetts, graduating in 1959. Then he went to the Massachusetts Institute of Technology (MIT) from where he earned his Bachelor’s degree in chemical engineering in 1962. He completed his Master’s degree a year later. As a college student he was also an active sportsman, a skilled player of basketball.

Career

After completing his education he embarked on an engineering career and worked as a research and process design engineer at several consulting firms over the next few years. Arthur D. Little, the Amicon Corporation, Halco International, and the Scientific Design Company are some of the companies he worked for in the 1960s.

David Koch joined the family business, Koch Industries, in 1970. It was founded by his father years ago and at that time it was headed by his elder brother Charles Koch. One of his initial positions at the company was that of a technical-services manager.

Eventually David went on to found the company’s New York office and by 1979 had become the president of his own division, Koch Engineering which was later renamed Chemical Technology Group.

He developed an interest in politics and became the Libertarian Vice-Presidential candidate in the U.S. presidential election in 1980, sharing the party ticket with presidential candidate Ed Clark.

The duo promised to abolish Social Security, the Federal Reserve Board, welfare, minimum-wage laws, corporate taxes, all price supports and subsidies for agriculture and business, and received just under a million popular votes in what was the most successful Libertarian U.S. presidential campaign until that date.

Once a staunch believer in the Libertarian ideals, he broke with the Libertarian Party in 1984 when it supported eliminating all taxes. Since then he has been a Republican.

In 1984, David Koch along with his brother Charles, established Citizens for a Sound Economy (CSE), a conservative political group operating in the United States. The group was dedicated to free markets and called for the highest level of personal involvement in public policy activism.

David Koch was diagnosed with prostate cancer in 1992 and underwent surgery, radiation and hormone therapy. Yet the cancer recurred numerous times. His personal experiences as a cancer patient motivated him to fund medical research.

Listed as one of the world's top 50 philanthropists by the Chronicle of Philanthropy, David Koch serves on the boards of more than 20 non-profit corporations including the National Cancer Advisory Board of the National Cancer Institute, M. D. Anderson Cancer Center in Houston, Texas, Rockefeller University, Massachusetts Institute of Technology, and Aspen Institute, among others.

Awards & Achievements

In 2004, he received the prestigious Corporate Citizenship Award from the Woodrow Wilson International Center for Scholars.

He was honored with the Memorial Sloan Kettering Cancer Center's Excellence in Corporate Leadership award in 2005.

He is also the recipient of Americans for Prosperity Foundation’s George Washington Award for Principled Leadership (2007).

Personal Life & Legacy

He is married to Julia M. Flesher Koch and has three children.

Net Worth

As of 2015, David Koch has a net worth of $43.1 billion.

Philanthropic Works

As David Koch is a cancer survivor, he has donated generously to fund medical research regarding cancer. He is a member of the Board of Directors of the Prostate Cancer Foundation. So far he has contributed $41 million to the foundation, including $5 million to a collaborative project in the field of nanotechnology.

He established the David H. Koch Charitable Foundation which has till date funded cancer research and a number of arts and science organizations, including the American Ballet Theatre, New York City Ballet, Lincoln Center for the Performing Arts, the Metropolitan Museum of Art, and the American Museum of Natural History.

In 2007, he made a donation of $100 million to the Massachusetts Institute of Technology for the construction of a new research and technology facility to serve as the home of the David H. Koch Institute for Integrative Cancer Research.

The Koch brothers David and Charles provided the initial funding to the Americans for Prosperity Foundation and to a related advocacy organization, Americans for Prosperity which is one of the most influential American conservative political advocacy organizations.

// Famous Philanthropists

David H. Koch biography timelines

  • // 3rd May 1940
    David Koch was born on May 3, 1940 to Mary and Fred Chase Koch. His father was a chemical engineer cum businessman who founded the Koch Industries the same year David was born. He has three brothers: Frederick, Charles, and William.
  • // 1959 To 1962
    David attended the Deerfield Academy prep school in Massachusetts, graduating in 1959. Then he went to the Massachusetts Institute of Technology (MIT) from where he earned his Bachelor’s degree in chemical engineering in 1962. He completed his Master’s degree a year later. As a college student he was also an active sportsman, a skilled player of basketball.
  • // 1970
    David Koch joined the family business, Koch Industries, in 1970. It was founded by his father years ago and at that time it was headed by his elder brother Charles Koch. One of his initial positions at the company was that of a technical-services manager.
  • // 1979
    Eventually David went on to found the company’s New York office and by 1979 had become the president of his own division, Koch Engineering which was later renamed Chemical Technology Group.
  • // 1980
    He developed an interest in politics and became the Libertarian Vice-Presidential candidate in the U.S. presidential election in 1980, sharing the party ticket with presidential candidate Ed Clark.
  • // 1984
    Once a staunch believer in the Libertarian ideals, he broke with the Libertarian Party in 1984 when it supported eliminating all taxes. Since then he has been a Republican.
  • // 1984
    In 1984, David Koch along with his brother Charles, established Citizens for a Sound Economy (CSE), a conservative political group operating in the United States. The group was dedicated to free markets and called for the highest level of personal involvement in public policy activism.
  • // 1992
    David Koch was diagnosed with prostate cancer in 1992 and underwent surgery, radiation and hormone therapy. Yet the cancer recurred numerous times. His personal experiences as a cancer patient motivated him to fund medical research.
  • // 2004
    In 2004, he received the prestigious Corporate Citizenship Award from the Woodrow Wilson International Center for Scholars.
  • // 2005
    He was honored with the Memorial Sloan Kettering Cancer Center's Excellence in Corporate Leadership award in 2005.
  • // 2007
    He is also the recipient of Americans for Prosperity Foundation’s George Washington Award for Principled Leadership (2007).
  • // 2007
    In 2007, he made a donation of $100 million to the Massachusetts Institute of Technology for the construction of a new research and technology facility to serve as the home of the David H. Koch Institute for Integrative Cancer Research.
  • // 2015
    As of 2015, David Koch has a net worth of $43.1 billion.

// Famous Alumni of Massachusetts Institute Of Technology

David H. Koch's FAQ

  • What is David H. Koch birthday?

    David H. Koch was born at 1940-05-03

  • Where is David H. Koch's birth place?

    David H. Koch was born in Wichita

  • What is David H. Koch nationalities?

    David H. Koch's nationalities is American

  • Who is David H. Koch spouses?

    David H. Koch's spouses is Julia Margaret Flesher

  • Who is David H. Koch siblings?

    David H. Koch's siblings is Charles Koch

  • Who is David H. Koch childrens?

    David H. Koch's childrens is David Koch Jr., John Mark Koch, Mary Julia Koch

  • What was David H. Koch universities?

    David H. Koch studied at Massachusetts Institute Of Technology (MIT), 1963 - Massachusetts Institute of Technology, 1962 - Massachusetts Institute of Technology, 1959 - Deerfield Academy

  • What was David H. Koch notable alumnis?

    David H. Koch's notable alumnis is Massachusetts Institute Of Technology (MIT)

  • Which company or organization was founded by David H. Koch?

    David H. Koch was the founder/co-founder of Citizens for a Sound Economy, Americans for Prosperity

  • How tall is David H. Koch?

    David H. Koch's height is 196

  • Who is David H. Koch's father?

    David H. Koch's father is Fred C. Koch

  • Who is David H. Koch's mother?

    David H. Koch's mother is Mary R. Koch

  • What is David H. Koch's sun sign?

    David H. Koch is Taurus

  • How famous is David H. Koch?

    David H. Koch is famouse as Co-owner of Koch Industries