David Koch

by Amy Michelle Smith Photographed by David Koch== American Ballet Theatre to Celebrate the 2011 Annual Spring Gala== The Lincoln Center, NYC== May 16, 2011== ©Patrick McMullan== Photo - Owen Hoffmann/ PatrickMcMullan.com== ==
Monday, June 20, 2011

After giving $100 million to Lincoln Center in 2008, the wealthiest man in New York City (having recently surpassed Mayor Bloomberg) earned a lot of ink this year thanks to his generosity with the tea party. For all his philanthropy—and there is a lot, mostly in academia and the arts—Koch now finds himself in the position of having to deny and deflect accusations of bankrolling the vocal conservative group. Koch, co-owner and Executive Vice President of Koch Industries, a $90+ billion conglomerate with major oil and gas holdings which oversees about 80 thousand employees, earned a B.S. and M.S degree in chemical engineering from MIT, following in the footsteps of both his father and brother. Succeeding his engineering education, Koch worked for several engineering consulting firms, including Arthur D. Little, the Amicon Corporation, Halco International, and the Scientific Design Company. His repertoire began to grow in the engineering field and Koch then joined Koch Industries, which was headed up by the then current chairman and CEO, Charles Koch, his brother. National politics began to interest the Wichita, Kansas-born businessman and he became the Libertarian Vice-Presidential candidate in the U.S. presidential election, sharing the party ticket with Ed Clark. The Clark-Koch ticket received just under a million popular votes, the most successful Libertarian U.S. presidential campaign until that date. Benevolently, Koch contributed over a million dollars of his own money to the campaign, a little over one dollar for each vote cast for the Libertarians in that election. Notorious for supporting non-profit organizations this Manhattan resident has personally donated or pledged over $ 400 million dollars to worthwhile causes, especially to those related to cancer and medical research, enhancement of medical centers, and for support of higher education. He personally serves on more than 20 non-profit corporation boards, including the National Cancer Advisory Board of the National Cancer Institute, Memorial Sloan-Kettering Cancer Center, M. D. Anderson Cancer Center in Houston, Texas, Rockefeller University, Johns Hopkins University, among others.


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