Wednesday, 2 March 2016

NO. 9 (TIE): DAVID KOCH

David Koch, executive vice president of Koch Industries, applauds during an Economic Club of New York event, 2012

Net worth: $39.6 billion (£28.4 billion), down $3.3 billion
Origin of wealth: diversified
Age: 75
Country: United States
• David Koch shares control of $115 billion (sales) Koch Industries with his older brother, Charles.
• Koch Industries has interests in oil pipelines, refineries, building materials, paper towels and Dixie cups, and is growing with acquisitions fueled by the company's prodigious cash flow.
• He joined his brother's campaign to raise and spend almost $900 million on political activity, education and issues like criminal-justice reform in the run-up to this year's presidential election.
• David has pumped more than $130,000 into Republican causes and PACs, although he and brother Charles have yet to endorse a presidential candidate.
• An active philanthropist, The Metropolitan Museum of Art in New York has the David H. Koch Plaza, part of a $65 million renovation he funded, and the David Koch Charitable Foundation has made more than $1.2 billion in contributions over his lifetime.

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