US billionaire David Koch dies

One of the world’s richest people, American billionaire David Koch has died. He was aged 79.

NBC News described him as a conservative activist and philanthropist.

He and his brother, Charles, co-owned Koch Industries, a Nebraska-based energy and chemical company, since 1983. David stepped down from running the Koch organization last year due to declining health.

The Koch brothers helped to build a massive conservative network of donors for organizations that work to mobilize voters and sway elected officials in support of libertarian-leaning economic policies.

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