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David Koch: Billionaire Republican donor dies aged 79 | David Koch: Billionaire Republican donor dies aged 79 |
(32 minutes later) | |
Billionaire David Koch, a major donor to the Republican party, has died aged 79, according to family sources. | Billionaire David Koch, a major donor to the Republican party, has died aged 79, according to family sources. |
The former majority owner of Koch Industries was ranked by Forbes below brother Charles as the 11th richest person in the world. | The former majority owner of Koch Industries was ranked by Forbes below brother Charles as the 11th richest person in the world. |
The native of Wichita, Kansas, ran for president as a Libertarian in 1980, calling for the abolishment of several federal government agencies. | The native of Wichita, Kansas, ran for president as a Libertarian in 1980, calling for the abolishment of several federal government agencies. |
The brothers had a huge influence on the conservative movement. | The brothers had a huge influence on the conservative movement. |
Their push for small government and a free economy made them both famous and controversial. | Their push for small government and a free economy made them both famous and controversial. |
They fell out with President Donald Trump over his trade tariff policy. | They fell out with President Donald Trump over his trade tariff policy. |
In 2018 Koch stepped down from Koch Industries - which refines crude oil, produces fertiliser, and manufactures household products - citing his declining health. | |
He had been a major donor to the arts, especially ballet, and donated to New York's Lincoln Center and Memorial Sloan Kettering Cancer Center hospital. | |
Who are the Koch brothers? | |
The company founded by Charles and David Koch - the second largest privately owned business in the US - has interests ranging from pipelines to paper towels. | |
According to the Koch Industries website, they have more than 120,000 employees between all their businesses and subsidiaries. | |
They have previously put money into groups denying climate change and attacking unions and workers' rights. | |
But they have also pushed for criminal justice reform and made large donations to the American Civil Liberties Union. |