David Koch’s Net Worth
David Koch’s Net Worth. At the time of his passing in 2019, American billionaire David Koch had a net worth of $58 billion. He made his money as a co-owner of Koch Industries, where he and his elder brother Charles Koch both had significant stakes.
David Koch’s Net Worth
David Koch had a 42% share in Koch Industries, the second-largest privately held business in the United States with annual sales of up to $100 billion, at the time of his death.
He has stock in a number of businesses, including Molex, Georgia-Pacific, Invista, Flint Hills Resources, Koch Fertilizer, and more. In addition, he had financial assets worth at least $2 billion in the private equity firm run by his family, Koch Equity Development.
How Did He Make His Money
He started working for Koch Industries, the second-largest privately owned firm in the US, in 1970. In 1979, he was elected president of the subsidiary Koch Engineering, and in 1983, he joined his older brother Charles as a co-owner of Koch Industries.
Does He have Properties?
David invested $4 million in two deals, the first in 1989 and the second in 1991, to buy two Aspen villas next to one another.
David spent $7.5 million for a seven-bedroom property on Meadow Lane in Southampton, New York, four years before he wed Julia. This property is probably worth $40–$50 million right now.
Villa el Sarmiento, a home from the 1920s, was purchased by David and Julia for $10.5 million in 1998 in Palm Beach, Florida. This property may be valued at more than $70 million right now.
The cost of Julia and David’s 18-room duplex co-op at 740 Park Avenue was $17 million in 2004. The Japanese government, who had been using it as a house for its UN envoy, was the seller at the time.
The property had formerly belonged to John D. Rockefeller, Jr. Julia allegedly started secretly looking for a buyer for the apartment in February 2022, with a minimum asking price of $60 million. The whole 740 Park Avenue building has only 30 apartments. The phrase “the wealthiest building in the world” has been used to describe it.
