• 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

    27 days ago - By Business Insider

    REUTERS/Carlo Allegri
    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...
    Read more ...

     

  • Trump's rise has pushed the Koch brothers out of Republican favor - but their political grip is still as powerful as ever

    Trump's rise has pushed the Koch brothers out of Republican favor - but their political grip is still as powerful as ever

    27 days ago - By Business Insider

    Sean Zanni/Patrick McMullan via Getty Images
    The billionaire entrepreneur David Koch died Friday at age 79. Together, he and his brother Charles are largely credited with fueling the modern day conservative movement in the US.
    But over the last few years, their grip on power within the Republican Party appeared to falter as Donald Trump catapulted to the top of the ticket and drew the Kochs' ire as he reshaped the party platform.
    There were also fears that the rise of Trumpism may lead to a reduction in the Kochs' massive influence within GOP politics. But those fears may be...
    Read more ...