David Koch, one of the world’s richest people and American billionaire has died at the age of 79.
Late David Koch and his brother, Charles, co-owned Koch Industries, a Nebraska-based energy and chemical company, since 1983. David stepped down from running the Koch organization last year due to declining health.
Charles Koch announced his brother’s death in a statement on the company’s website.
“Twenty-seven years ago, David was diagnosed with advanced prostate cancer and given a grim prognosis of a few years to live,” he 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.”
The Koch brothers helped to build a massive conservative network of donors for organizations that work to mobilize voters and sway elected officials in support of libertarian-leaning economic policies.