Billionaire David Koch dead at 79

Billionaire David Koch has died at age 79. Koch was a major donor to conservative causes and educational groups.

A person close to the Koch family told The Associated Press on Friday that Koch had died. The person wasn’t authorized to discuss the death and spoke on the condition of anonymity.

Together with his older brother, Charles, the Kochs were best known for a vast political network they built in support of conservative causes.

The brothers founded the anti-tax, small government group Americans for Prosperity.

They held annual meetings with conservatives in Indian Wells for several years.

Koch was an engineer trained at MIT. He joined Koch Industries in 1970 and serves on its board. He was chief executive officer of Koch Chemical Technology Group, a Koch subsidiary.

Charles and David Koch, each with an estimated net worth of $31 billion, tied in fourth place in 2012 on Forbes 500 list of the nation’s richest men.