David, 79 years old, stepped down from his role with the company in due to health issues, while Charles, 83, remains Chairman and CEO. Cancer All four of the Koch brothers have, at one time or another, been diagnosed with prostate cancer.
Charles was also involved with the group untila year after his father died. Their organizations provide grants to more than colleges and universities for research and education programs, including the Institute for Humane Studies, which promotes individual liberty and free market economics.
Before his death, Fred Koch had experienced some heart-related health issues, and as such, had been preparing his son, Charles, for an eventual handover of management, should anything happen to him. At the dawn of the s, Koch Industries began to invest in sectors that were outside of the oil and gas space.
The article also noted that their advocacy groups employed 1, full-time staffers in offices in the U. Frederick has since moved to Monaco and now collects art, while William serves as the CEO of Oxbow, an energy company he founded after selling his stake in Koch Industries.