David Koch is an American businessman and philanthropist
@Co-owner of Koch Industries, Timeline and Family
David Koch is an American businessman and philanthropist
David H. Koch born at
He is married to Julia M. Flesher Koch and has three children.
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.
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.
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).