Meet Julia Flesher Koch, the Iowa-born socialite who's now one of the world's richest women after inheriting a chunk of her late husband David Koch's $53 billion fortune
David Koch and Julia Flesher Koch were married for 23 years.
- Julia Flesher Koch recently became one of the richest women in the world.
- The wife of late billionaire industrialist David Koch inherited billions after he died in August 2019 with an estimated $53.5 billion fortune, according to Bloomberg and Forbes.
- Bloomberg pegs Flesher Koch's net worth at $61.6 billion, which would make her the richest woman in the world.
- Forbes, however, estimates her wealth to be significantly lower, at $43 billion, which would make her the third-richest woman in the world after Francoise Bettencourt Meyers and Alice Walton.
- A spokesperson for Koch Industries told Business Insider that Koch's shares of the company remained with the family after his death, but declined to offer any more details.
- Visit Business Insider's homepage for more stories.
Julia Flesher Koch, the wife of late billionaire industrialist David Koch, recently became one of the richest women in the world.
Koch, who died in August 2019 at age 79, controlled a fortune estimated at $53.5 billion, which meant that he and his brother Charles were tied as the seventh-richest Americans, according to the Forbes 400 ranking.
Bloomberg pegs his widow's, Flesher Koch's, net worth at $61.6 billion, which would make her the richest woman in the world. Forbes, however, estimates her wealth to be significantly less, at $43 billion, which would make her the third-richest woman in the world after Francoise Bettencourt Meyers and Alice Walton.
Koch also left behind at least $143 million worth of real estate in New York City, the Hamptons, Aspen, and Florida, but the fate of those properties after his death is unknown.
Here's a look at Flesher Koch's life, real estate, and finances.
Julia Flesher Koch is the wife of late billionaire industrialist David Koch, who died in August 2019 as the seventh-richest person in America.
After her husband's death, Flesher Koch became one of the world's richest women.
Born and raised in Iowa, Flesher Koch moved to New York in 1984 and became part of the high society scene.
Flesher Koch met David Koch on a blind date set up by friends in January 1991.
After five years of dating, they were married in May 1996 at Koch's home in the Hamptons.
"Julia's one of those people who occur in New York every few years," fashion editor Patrick McCarthy told the Times in 1998. "She's beautiful, she loves fashion, she knows how to entertain, she's married to an extraordinarily rich man."
The New York couple had three children together: David Jr., Mary Julia, and John Mark.
Flesher Koch and her husband together owned at least $143 million worth of real estate in New York City, the Hamptons, Aspen, and Florida at the time of his death.
In 2004, the couple's primary residence became a massive 18-room duplex in a ritzy Manhattan building that John D. Rockefeller, private equity billionaires, and other business magnates have called home.
The couple also owned a $40.25 million Manhattan townhouse.
Then there's the oceanfront mansion on "Billionaire Lane" in the Hamptons, the ritzy vacation destination for New York City's wealthy elite.
The couple also purchased homes in Aspen, an upscale Colorado ski town, and Palm Beach, Florida.
Flesher Koch is the president of the David H. Koch Foundation, which has given more than $200 million to various causes including science and medical research, education, and the arts, according to its website.
- From usernames to secret codes for locked chats, here are the upcoming WhatsApp features
- Coal sector PSUs poised to cross ₹21,030 crore Capex target for 2023-24
- Stock markets snap six-day rally; Sensex slumps over 400 points
- From Lathmar Holi to Jallikattu: India's most unusual festivals
- Orient Technologies files draft papers with Sebi to mop-up funds via IPO