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U.S. billionaire, David Koch dies at 79

U.S. billionaire, David Koch dies at 79

U.S. billionaire businessman and one of the richest men in the world, David Koch has died at the age of 79. He died at his Manhattan home.

Late Koch was a philanthropist, political activist, and chemical engineer. He joined the family business Koch Industries, the second-largest privately held company in the United States, in 1970. Wikipedia 

David Koch and his brother, Charles, co-owned Koch Industries, a Nebraska-based energy and chemical company. He stepped down from running the Koch organization last year due to declining health.  

The Koch brothers helped reshaped American politics. They built a massive conservative network of donors for organizations that work to mobilize voters and sway elected officials in support of libertarian-leaning economic policies.

His brother, Charles G. Koch confirmed the death in a statement in which he disclosed that David Koch had been treated for prostate cancer in the past.

“Twenty-seven years ago, David was diagnosed with advanced prostate cancer and given a grim prognosis of a few years to live. David liked to say that a combination of brilliant doctors, state of the art medications and his own stubbornness kept the cancer at bay,” the statement said.

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