Wealth
The Machine David Koch Helped to Build ‘Will Endure’ After His Death
- Next generation poised to inherit firm worth $137 billion
- His nephew Chase runs Koch Industries’ venture-capital arm
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David Koch’s death early Friday marks the end of an era in the worlds of business, politics, philanthropy and high society. For Koch Industries, the conglomerate he helped his brother Charles transform into the second-largest privately held U.S. company, the founding family retains firm control as a generational shift takes hold.
“Nothing changes,” Koch spokeswoman Christin Fernandez said in an email. “David’s shares remain with his family.”