August 23, 2019

Conservative Billionaire David Koch Dies at 79

His older brother Charles confirmed the death in a statement.

Mark Lennihan/AP

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David Koch, the billionaire and major conservative donor, has died at 79. 

“It is with a heavy heart that I announce the passing of my brother David,” Charles Koch, his older brother and half co-owner of Koch Industries, confirmed in a statement Friday. “Anyone who worked with David surely experienced his giant personality and passion for life.”

Koch’s health had been deteriorating for some time. In a June 2018 memo sent to Koch Industries employees, it was announced that Koch would be retiring due to declining health. (He was diagnosed with prostate cancer in the 1990s.)

The Koch brothers spent decades using their fortune building a vast network of conservative political causes. As we explained when Koch Industries announced his retirement last year:

The brothers have given hundreds of millions of dollars—and convinced other wealthy conservatives to contribute even more—to support think tanks, politically active dark money groups, and academic research, all carefully designed to foster ideological support for conservative and libertarian ideas. 

[…]

David Koch is the most directly political of the pair, having actually run for office himself: In 1980, he ran for vice president on the Libertarian Party ticket, self-financing most of the campaign.

This is a breaking news post. We’ll update as more information is confirmed.

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We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

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