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Published: Fri, June 08, 2018
Global Media | By Abel Hampton

U.S. conservative force David Koch retires because of failing health

U.S. conservative force David Koch retires because of failing health

The 78-year-old NY resident is suffering from deteriorating health, according to a letter from older brother Charles Koch sent to company officials Tuesday.

The groups said they would advocate that Trump reduce or eliminate trade barriers by modernizing the North American Free Trade Agreement (NAFTA) and returning to the negotiating table on the Trans Pacific Partnership (TPP).

He is also leaving his post at Americans for Prosperity.

David Koch was diagnosed with prostate cancer 25 years ago, and he has given vast sums toward cancer research since then.

During the 2016 presidential campaign, the Kochs kept their distance from Trump.

The announcement Monday by three groups funded by the billionaire industrialists comes days after the Trump administration imposed new levies on steel and aluminum imports from the European Union, Canada and Mexico and threatened to press ahead with $50 billion in tariffs on Chinese products.

Known simply as the Koch Brothers, Charles and David have been the object of obsession across the political spectrum.

The network, which includes about 700 like-minded donors who commit to giving at least $100,000 a year, plans to spend $400 million in policy and politics before the 2018 elections, the group's largest midterm investment. "And David is much more into elective politics than I am". They have, however, distanced themselves from and disagreed with President Trump on a variety of issues.

Koch, who now lives in NY with his family, will continue to serve on some boards of organizations to which he has philanthropic ties. In 1980, he was the Libertarian Party's nominee for vice-president.

Born and raised in Wichita, David Koch received his bachelor's and master's degrees in chemical engineering from the Massachusetts Institute of Technology. According to an official biography, he has pledged or contributed a total of more than $1.3 billion to assist causes from cancer research to medical centers, educational institutions, arts and cultural institutions and public policy organisations. His ticket, with Ed Clark, received just 1 percent of the popular vote.

Although David Koch's involvement had been reduced in recent years, he still held several top positions within the Koch network, including as chairman of a foundation that supports Americans for Prosperity. The firm, with annual revenue of $100 billion, operates pipelines and produces fertilizer but also manufactures everything from Dixie cups to Quilted Northern toilet paper.

David Koch, along with his brother Charles, owns the second largest private USA company, whose operations range from refining and chemicals to ranching and forest products.

David, who was diagnosed with prostate cancer nearly two decades ago, is the executive vice president at Koch Industries.

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