David Koch, a billionaire businessman and philanthropist, has died at the age of 79.
“It is with a heavy heart that I announce the passing of my brother David,” David’s brother, Charles Koch said in a statement via Politico.
“Anyone who worked with David surely experienced his giant personality and passion for life,” Charles added.
From the report:
David Koch, who retired as executive vice president of Koch Industries in 2018, was diagnosed with advanced prostate cancer 27 years ago “and given a grim prognosis of a few years to live,” Charles Koch said.
“David liked to say that a combination of brilliant doctors, state-of-the-art medications and his own stubbornness kept the cancer at bay. We can all be grateful that it did, because he was able to touch so many more lives as a result,” Charles Koch said, touting the “institution changing philanthropic commitments to hospitals, cancer research, education and the arts” his brother made during his life.
“The significance of David’s generosity is best captured in the words of Adam Smith, who wrote, ‘to indulge our benevolent affections, constitutes the perfection of human nature,’” Charles Koch said.
Charles Koch is the chairman and CEO of Koch Industries and, together, the Koch Brothers were mega-donors to philanthropic efforts.
These mega-donations extended to political issues and candidates as well.
Politico reports the brothers’ allegiance to conservatism and supporting like-minded political candidates made them “deep-pocketed bogeymen among national Democrats.”
Fox News reports:
The duo have been highly critical of Republicans in recent months, slamming the GOP for not doing enough to curb government spending in their $1.3 trillion spending bill adopted in March. They have specifically criticized the White House over Trump’s trade policies, which they fear could trigger a U.S. recession in addition to a looming international trade war.
David Koch was known more for his philanthropic giving, while Charles was more outspoken in politics.
“The significance of David’s generosity is best captured in the words of Adam Smith, who wrote, ‘to indulge our benevolent affections, constitutes the perfection of human nature,’” Charles wrote.
Fox News also reports the brothers ultimately decided not to support Donald Trump’s 2016 presidential election effort and announced earlier this year that they were not going to support him in 2020.