Billionaire industrialist David Koch, a driving force behind conglomerate Koch I...
WASHINGTON - Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world’s richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday.
With Charles as chairman and chief executive and David as executive vice president, Koch Industries - one of the world’s largest privately held businesses - aggressively expanded beyond the oil refining business their father created into an array of new ventures. The Koch brothers strongly opposed Trump’s protectionist trade policies, which abandoned free trade deals, aimed tariffs at close U.S. allies and picked fights with major trade partners like China.
In 1991, David survived a plane collision in Los Angeles that killed 34 people. After landing, his USAir flight from Ohio slammed into a SkyWest commuter plane on the runway. Under the leadership of John and David, Koch Industries was involved in oil refining, chemicals, biofuels, pipelines, commodities trading, ranching, fertilizer and paper. It made well-known everyday products such as Dixie disposable cups, Brawny paper towels, Quilted Northern toilet paper, Stainmaster carpet and stretchy Lycra fabric.
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