Net Worth: $25 Billion
- Source of Wealth Diversified, Inherited and growing
- David Koch Nationality United States
David Koch net worth: Organization: Koch Industries , Title: Executive Vice President
Marital Status: Married to Julia M. Flesher Koch , Children: 3
Education: BA/BS, Massachusetts Institute of Technology; MS, Massachusetts Institute of Technology
American businessman, philanthropist, political activist, and chemical engineer, David Hamilton Koch, has a net worth of $25 billion as of April 2012, according to Forbes’ list of billionaires. He is co-owner (with older brother Charles), and an executive vice president of Koch Industries, a conglomerate that is the second-largest privately held company by revenue (with more than $100 billion in sales) in the United States according to a 2010 Forbes survey. Koch is the second-richest resident of New York City as of 2010. David and his borthers Charles, Frederick and William inherited Koch Industries from their father’s after his death. His father, Father, Fred C. Koch (d. 1967), invented the method of turning heavy oil into gasoline. David and Charles bought out William and Frederick for $1.1 billion in 1983. Today the company, in which they both have 42% stakes, has investments in pipelines, refineries, fertilizer, fibers and polymers, forest and consumer products, chemical technology.
He is a major patron of the arts; a funder of conservative and libertarian political causes, including some organizations that fund some organizations within the American Tea Party movement. Among other charities, he has contributed to Lincoln Center, Sloan Kettering, a fertility clinic at New York-Presbyterian Hospital and the American Museum of Natural History’s David H. Koch Dinosaur Wing.