Charles Koch

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Billionaire David Koch Stepping Down From Political Empire

Charles Koch cites declining health as the reason

(Newser) - Controversial conservative billionaire David Koch is leaving the board of the Americans for Prosperity Foundation, the political advocacy group he founded with his brother, Charles, which made the brothers "two of the most powerful men in American politics," as USA Today puts it. David Koch, 78, is also... More »

Details of Koch Donations Spur Review at George Mason

Agreements reportedly gave foundation 2 seats on some hiring committees

(Newser) - The Charles Koch Foundation donated millions to George Mason University, and newly released documents reveal that in exchange, the conservative foundation was granted some influence over the hiring and firing of professors. After the revelation, the president of the university ordered an inquiry into the school's gift acceptance policy,... More »

Trump Still a Multi-Billionaire, but His Ranking Tumbles

He falls to No. 766 in newest ranking by 'Forbes'

(Newser) - President Trump probably won't be happy to see Forbes ' 2018 ranking of the world's richest people—he has fallen from No. 544 to No. 766. The list pegs Trump's fortune at $3.1 billion, $400 million less than in 2017. Forbes notes that New York City'... More »

Time Inc. Sold in Koch Deal

Conservative brothers fund Meredith acquisition

(Newser) - The Koch brothers now have a major stake in the magazine industry. Meredith Corporation is buying Time Inc. in a $2.8 billion deal supported by a $650 million equity injection from the billionaire brothers, the BBC reports. The company, subject of two previous Meredith acquisition attempts, publishes titles including... More »

For Team Koch, It's Trump Who?

Americans for Prosperity has given up presidential race, focuses on GOP's other battlegrounds

(Newser) - The RNC might be holding emergency conference calls as Donald Trump's campaign flounders, but the presidential race might as well be non-existent for David and Charles Koch, the GOP mega-donors who announced months ago that they were sitting on their wallets as far as Trump is concerned. They've... More »

Kochs: No Money for Trump

They'll take their cash to the GOP's Senate races

(Newser) - Charles and David Koch are officially sitting on their wallets when it comes to the candidacy of one Donald J. Trump, reports Fox News, with Charles Koch telling a gathering of conservative elites Saturday in Colorado that "We don't really, in some cases, don't really have good... More »

Charles Koch: Hillary Might Not Be So Bad

The remaining GOP candidates aren't inspiring billionaire to pull out his checkbook

(Newser) - Charles Koch is currently sitting on his checkbook, and he tells ABC News that he's not exactly inclined to start scribbling checks—either in support of, or to undermine—the remaining Republican presidential candidates. The billionaire calls Donald Trump, Ted Cruz, and John Kasich "terrible role models,"... More »

Kochs: We Won't Try to Stop Trump

They fear attacks wouldn't succeed: sources

(Newser) - More good news for Donald Trump: The Koch brothers won't be spending their billions in an attempt to block him from the Republican nomination. To the thrill of the Republican establishment, rumors had been swirling that the billionaire industrialists would intervene to knock Trump down a peg in a... More »

Surprise: Koch Brother Praises Sanders in Op-Ed

But, no, Bernie isn't getting an endorsement

(Newser) - On the campaign trail, Bernie Sanders has said this: "If the Koch brothers and the billionaire class hate my guts, I welcome their hatred. Because I am going to stand with working families." He may be surprised, then, to see an op-ed praising him in the Washington Post... More »

New Book: Koch Brothers' Dad Dealt With Third Reich

And wealthy family helped fund today's conservative movement, per Jane Mayer

(Newser) - There's been plenty written about the Koch brothers , but a new book offers a fresh take on the controversial family. Prominent among the pages of Jane Mayer's Dark Money is the claim the Koch clan was among a group of rich families that brought to fruition, through their... More »

Koch Network to Spend $900M, Same as Big Parties

Brothers announce huge new goal for 2016

(Newser) - $889 million could buy a good-sized private island or several fighter jets, but can it buy an American election? The billionaire Koch brothers appear to believe so. The brothers and a network of hundreds of other wealthy right-wing donors announced the mammoth spending target at a meeting of the Freedom... More »

Jon Stewart Rewrites Koch Bros' Daily Show Ad

His version isn't quite as flattering

(Newser) - Jon Stewart just realized the Koch brothers have been running ads for Koch Industries during the Daily Show —so Wednesday night he ran the ad in full ... then ran a slightly different version:
  • "We're Koch Industries: not just an energy company, we're in your food, in
... More »

IRS Targets Secret Campaign Cash

Administration looks to limit big-spending groups' political activity

(Newser) - The IRS and Treasury Department are looking to crack down on 501(c)4 groups—tax-exempt organizations that spent a reported $309 million in last year's election without having to reveal their donors. The groups (which the IRS code defines as promoting "the common good and general welfare") are... More »

Koch Bros. Group Meddling in Small- Town Politics

Even candidates who agree with Americans for Prosperity want it to go away

(Newser) - It isn't just state races the Koch Brothers-backed Americans for Prosperity is now getting involved in—the group is also jumping into local politics. In Coralville, Iowa—a town of 19,000 residents—AFP has been campaigning aggressively to influence upcoming mayoral and City Council elections, the New ... More »

You've Never Heard of GOP's Biggest Money Machine

Freedom Partners spent $250M, and there are Kochs involved

(Newser) - The biggest single donor to conservative groups in the last election cycle was a group that, until today, was all but unknown. Freedom Partners spent $250 million in the 2012 race, according to a soon-to-be-filed tax document the group provided to Politico , more than any one group. All of that... More »

Don't Let the Koch Brothers Buy the Media

Harold Meyerson doesn't want the LA Times to become a political tool

(Newser) - The Tribune Company's board likely views the Koch Brothers' attempt to buy its eight newspapers as a purely financial transaction. But almost no one else sees it that way, writes Harold Meyerson at the Washington Post . Thousands of LA Times readers, for instance, have already signed petitions against the... More »

Koch Bros. Look to Buy 8 Newspapers

Could use LA Times and others to spread conservative message

(Newser) - Brothers Charles and David Koch, the billionaire businessmen behind Koch Industries and noted supporters of libertarian causes, are looking to buy into the newspaper business. They're exploring a deal to acquire the Tribune Company's eight regional newspapers, including the Los Angeles Times, the Chicago Tribune and the Baltimore ... More »

Kochs' CEO: 'Consequences' if Wrong Guy Wins Election

Warns workers they could 'suffer' in letter

(Newser) - Koch Industries president Dave Robertson has sent a missive to employees warning that they could "suffer the consequences, including higher gasoline prices, runaway inflation, and other ills," if President Obama is reelected, Yahoo News reports. The letter was included in a voter information packet sent to workers at... More »

Net Worth of 400 Richest Americans Jumped 13%

And those 400 now make up 1/8 of the US economy

(Newser) - It was a good year for America's 400 richest people, who saw their net worth jump 13% to $1.7 trillion, according to Forbes' latest " Forbes 400 " list. For a little context, Reuters notes that that means their combined net worth represents roughly one-eighth of the entire... More »

Koch: End Corporate Welfare

Charles Koch rails against corporate handouts—yes, that Charles Koch

(Newser) - Charles Koch thinks corporations are spending too much time courting government favors and forging political connections—yes, that Charles Koch. In an op-ed in today's Wall Street Journal , the Koch Industries CEO recalls seeing an amusing sign outside a craft store reading, "We didn't build this business—... More »

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