Richest Person

David Koch

Born:

David Koch, Who is an American businessman, philanthropist, political activist, and chemical engineer born on May 3, 1940, in Wichita, Kansas, U.S.

Family Background:

His father Fred Chase Koch was a chemical engineer and mother was Mary Clementine. Koch has 3 elder brothers whose names are Frederick R. Koch, Charles Koch, and nineteen-minute younger twin Bill Koch. The Koch family is counted amongst the Richest ones in the United States.

Personal Life:

David is married to Julia Margaret Flesher in 1996.

Education:

In 1959, He Completed his graduation from Deerfield Academy prep school in Massachusetts. He Joined the  Massachusetts Institute of Technology for getting both a bachelor’s (1962) and a master’s degree (1963) in chemical engineering.

Career:

In 1970, He joined his family business Koch Industries, At there he had worked as a technical services manager. In 1979 David found the company’s New York office and become the president of his own division, Koch Engineering which was later renamed Chemical Technology Group. In 1984, David Koch with his brother Charles established Citizens for a Sound Economy, a conservative political group operating in the United States.  In 1985, Koch Industries was sued by his 2 elder brothers for the first time in a long series of lawsuits about ownership, that lasted until 2001. Koch was the presidential candidate in Libertarian Party in the 1980 presidential election. Koch funded his alma mater Deerfield Academy, with $68 million for Center for mathematics, and a separate center for science and technology. After sometimes the Center named Koch Center for Mathematics, Science, and Technology.

David Koch was suffered from prostate cancer in 1992. He was treated by underwent surgery, radiation and hormone therapy. By his personal experiences as a cancer patient, He motivated to fund medical research.

Unknown facts:

  • Since 2000, the Kochs have collected almost $100 million in government contracts, mostly from the Department of Defense.
  • The Kochs are suing to take over the Cato Institute, which has accused the Kochs of attempting to destroy the group’s identity as an independent, libertarian think and align it more closely with a partisan agenda.
  • He is the eighth-richest member of the Forbes 400 by net worth $42 billion USD.

Master Strokes:

  • Koch had given his own Vice Presidential campaign $100,000 a month after being chosen as Ed Clark’s running mate.
  • In 2011, Koch had given $5 million to the House Ear Institute in Los Angeles to create the center of hearing restoration.

Controversies:

  • In 2004, Kochie read out a viewer’s unsavory joke about then Prime Minister John Howard, his wife Janette and the Opposition Leader Kim Beazley, Which is the crass inference, featuring a message written in the snow in urine, Caused almost instant outrage.

Awards and Achievements:

  • In 2004, He received the prestigious Corporate Citizenship Award from the Woodrow Wilson International Center for Scholars.
  • In 2005, He was awarded the Memorial Sloan Kettering Cancer Center’s Excellence in Corporate Leadership award.
  • In 2011, He received the Humanitarian of the Year award.

What can we learn from him??

Don’t be afraid to believe in yourself, take a smart risk in life. Understand Value of your time and money, but never believe that money and time are equal.

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