David Koch Stepping Back From Political Causes

The billionaire industrialist is also retiring from Koch Industries.

Phelan M. Ebenhack/AP

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David Koch, one half of the conservative oligarch pair of brothers known for their influential political spending, is apparently retiring from both his businesses and his political organizing. His older brother, Charles Koch, announced the news in a letter to Koch Industries employees on Tuesday, according to several news outlets that obtained copies of the letter. David Koch was diagnosed with prostate cancer in the 1990s and was hospitalized last summer, and his health has continued to deteriorate, Charles Koch wrote to employees.

The brothers each own 42 percent of Koch Industries, one of the nation’s largest industrial conglomerates, which grew out of their father’s oil and gas business to include a sprawling range of businesses, include paper and glass manufacturing. But for all their success as industrialists—and the two men are estimated to be worth as much as $60 billion apiece—they are perhaps best known for their network of conservative political causes. The brothers have given hundreds of millions of dollars—and convinced other wealthy conservatives to contribute even more—to support think tanks, politically active dark money groups, and academic research, all carefully designed to foster ideological support for conservative and libertarian ideas. 

During the Obama administration, the Kochs financed groups like Americans for Prosperity, which staunchly opposed nearly all of the president’s efforts. By helping create a widespread grassroots-level anti-Obamacare opposition, and by financing efforts like a GOP-aligned voter database, the Kochs created a virtual shadow party within the Republican Party. That effort seemed to flop as Donald Trump stormed to the helm of the GOP, but the Kochs have gradually developed a rapport with the current president. Just this week, however, the network announced plans to oppose Trump’s planned tarrifs.

David Koch is the most directly political of the pair, having actually run for office himself: In 1980, he ran for vice president on the Libertarian Party ticket, self-financing most of the campaign. The cause of his recent medical issues is not clear, but he didn’t show up at the most recent donor summit the Koch network organized.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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