David Koch's reclusive nephew is next in line to inherit the family legacy, and he may be planning a shift away from conservative politics
- Koch Industries confirmed Friday morning that 79-year-old David Koch, brother to 83-year-old Charles Koch, has died.
- The Koch family legacy includes the second-largest company in the US, Koch Industries, along with numerous political and policy institutions and billions of dollars spent toward advocacy, with an emphasis on conservative and libertarian policies including free trade and small government.
- After David's death, his nephew Chase, son of Charles, is in line to take his uncle's place as a key figure in the Koch network. As Politico Magazine predicted in December 2018, Chase will likely shift his family's legacy away from conservative policy toward broader libertarian ideals.
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The "Koch brothers" became a household name thanks to the conservative legacy, network, and $100 billion company spearheaded by David and Charles Koch. Now, Koch Industries has confirmed that 79-year-old David had died, after a 27-year battle with prostate cancer.With 83-year-old Charles remaining at the helm of the second-largest company in the US, hundreds of billions of dollars, a massive GOP voting bloc, and an exhaustive list of advocacy and policy initiatives running on the Koch family's dime, it's time for another Koch to step up and succeed David in the family business. Advertisement
With all of David's children currently under the age of 25, and Charles' eldest child, Elizabeth, uninvolved in the Koch Industries or network at large, that role falls to Chase Koch, 42, Charles' son.
Chase Koch has managed to stay under the radar for the first 42 years of his life.
What he lacks in notoriety, Chase has made up for in his family's business itself, spearheading its venture-capital arm, Koch Disruptive Technologies.Advertisement
Chase is less focused on the tangled web of political policy in Washington, D.C., choosing to live and work in Wichita, Kansas.
His relaxed approach to politics exudes libertarian ideals, such as championing the free market and principles of independent growth.Advertisement
Chase has taken opportunities to invest in social justice following the rise of Trump's divisive rhetoric.
Other initiatives Chase and KDT have taken up include an Israel-based medical technology company.Advertisement
Chase's first role with Koch Industries was on a cattle ranch when he turned 15-years-old.
Chase Koch could be an instrumental part of the Koch network's so-called "shift" toward progressive libertarianism.Advertisement
The "shift," as members of the Koch Industries call it, has angered some GOP stalwarts.
The future of the Koch family legacy is set to continue with Chase as a major player, no doubt pushing him into the spotlight more than ever before.Advertisement
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