Monday, 2 April 2012

13.David Koch

David Koch

Net Worth
$25 B As of March 2012
At a Glance
  • Executive Vice President, Koch Industries
  • Age: 71
  • Source of Wealth: diversified
  • Residence: New York, NY
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, Massachusetts Institute of Technology; Master of Science, Massachusetts Institute of Technology
  • Marital Status: Married
  • Children: 3
Forbes Lists
David Koch, New York City's richest resident, made his money by sticking with his billionaire brother Charles as they transformed a midsized refining company inherited from their father Fred into the second-largest privately held company in the U.S., with more than $100 billion in sales. Koch Industries has investments in pipelines, refineries, fertilizer, fibers and polymers, forest and consumer products, chemical technology; it also owns paper products company, Georgia Pacific. David is executive vice-president of the conglomerate, which Charles heads out of Wichita, Kansas. David, who like his brothers has suffered from prostate cancer, says his biggest contributions go toward a "moon shot" campaign to finding the cure for cancer. He's contributed $750 million so far. Despite their reputation as the Left's favorite villains, Charles and David have kept a low profile in politics recently, giving a modest -- for them -- $120,000 to Republican causes in the past year.

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