David Koch, conservative billionaire and philanthropist, has died. He was 79 years old.
"With a heavy heart, I announce the death of my brother David," said Charles Koch in a statement on Friday. "Everyone who worked with David was sure to experience his gigantic personality and passion for life."
David resigned last year after leading family-owned Koch Industries, a Kansas-based energy and chemicals company. Charles is the chairman and chief executive officer of the company.
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At the time of his death, the value of David Koch stood at $ 42.4 billion.
With the wealth of their business, the Koch Brothers helped to build a massive conservative network of donors for organizations that mobilize voters and outlaw elected officials for a libertarian economic policy.
The network, led by non-profit Americans for Pr Osperity, has spent more than $ 1
The organization sometimes split with the GOP under President Donald Trump. It launched last year a million-dollar campaign to promote free trade and warnings about tariffs.
David Koch himself joined the libertarian party in 1980 as vice presidential candidate. He and the party's presidential candidate, Ed Clark, won just over 1 percent of the vote.
Koch, a survivor of prostate cancer, donated hundreds of millions of dollars for medical research. He was also a big proponent of the arts in New York City and donated especially to the Lincoln Center and $ 65 million to support the renovation of the Metropolitan Museum of Art.
When Koch was diagnosed with cancer 27 years ago, he received five years to live, his brother said.
"David liked to say that a combination of excellent doctors, state-of-the-art medicines, and his own stubbornness kept the cancer at bay," the statement said. "We can all be grateful that he did it because he could touch so much more lives."
"The meaning of David's generosity can best be understood in the words of Adam Smith, who wrote:" To surrender Our benevolent affection represents the perfection of human nature, "said Charles.
David Koch is also survived by his wife Julia and three children.
"As we mourn the loss of our hero, we remember his iconic laughter, insatiable curiosity, and gentle heart," said Julia in a statement.
"His childhood adventure stories enlivened our family dinners; His infinite knowledge made him our, walking Google & # 39 ;. His sensitive heart made him shed the beauty of his daughter's ballet and beamed with pride as his son beat him in the chess, "she wrote." We'll miss the fifth link in our family. "