After building a powerful conservative political network with his brother, Charles, David Koch is now stepping down from his family’s conglomerate and his leadership of Americans for Prosperity, the network’s signature political organization.
On Tuesday, Charles wrote to the indstry employees that 78-year-old Dabi Koch is retiring due to his declining health. In October 2016, David Koch had announced to employees that his health was declining and he had been hospitalized over the summer.
In his letter, Charles Koch wrote that “Unfortunately, these issues have not been resolved and his health has continued to deteriorate. As a result, he is unable to be involved in business and other organizational activities.”
The Koch brothers have used their political network to move the Republican Party and the whole of American politics in a libertarian direction, and David Koch was the Libertarian Party’s vice presidential nominee in 1980. They have founded and heavily funded multiple groups backing the Republican Party and conservative ideas, becoming the bête noire of many Democrats.
The two brothers are among wealthiest men of America, with Forbes magazine placing their net worth at $80 billion each. Koch Industries is the United States’ second-largest privately held company and makes everything from toilet paper to fertilizer.
Mark Holden, the chairman of Kochs’ donor network, confirmed David Koch’s resignation from Americans for Prosperity.
Holden said, “Due to health reasons, David Koch will be resigning from the board of Americans for Prosperity Foundation. We greatly appreciate his vital role on the board and all that he has done to help us build a strong foundation for our future success.”
According to past references, it is found that David Koch has also donated hundreds of millions to apolitical causes, including $185 million to the Massachusetts Institute of Technology, his alma mater, and $150 million to Memorial Sloan Kettering Cancer Center in New York City.
However,it is unclear how David Koch’s retirement will change the brothers’ political activities, if at all. In an April interview with the conservative Washington Examiner, Charles Koch had described the difference between the two brothers: “David is a much better engineer than I am and is much more into the arts and social life. Obviously he’s got to be or he wouldn’t live in Manhattan. And David is much more into elective politics than I am.”