- David Koch was one of the richest men in the world.
- He owned a handful of properties in New York including a $40.25 million townhouse he reportedly paid for in cash.
- On August 23, 2019, he died at age 79 .
- Visit Business Insider's homepage for more stories .
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Billionaire David Koch was one of the richest, most influential men in America — and he owned tens of millions of dollars in New York real estate
Sean Zanni/Patrick McMullan via Getty Images
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David Koch was one of the richest men in the world.
The billionaire conservative activist and industrialist had a net worth of $50.5 billion, per Forbes.
Along with unloading his fortune into Republican causes and local community projects , Koch also made heads turn with his real-estate purchases.
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Just last year, Koch and his wife were revealed as the buyers of Joseph Chetrit's $40.25 million Upper East Side Mansion . The New York Post reported that, according to sources, they paid for it in cash.
Koch was a familiar face in the world of New York real estate. According to the real-estate news platform Bisnow , along with the 15,000-square-foot townhouse, Koch also laid out $17 million in 2004 for an 18-room duplex in a luxury apartment building on Park Avenue.
In 2017, Business Insider reported that Koch owned a seven-bedroom home on Meadow Lane in Southampton, which Forbes once dubbed "Billionaire Lane."
On August 23, 2019, reports confirmed that David Koch died at age 79 . According to his brother, Charles Koch, he battled with prostate cancer for 27 years .
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- Meryl Streep is selling her NYC penthouse at a 26% discount. Take a look inside the $18.25 million Tribeca home, which spans an entire floor and has a landscaped wraparound terrace.
- The Fed's annual economic meeting kicks off today in Jackson Hole, Wyoming. Here's what life is like in Jackson the most unequal place in America, where the top 1% makes more than $16 million a year.
SEE ALSO: Billionaire industrialist and conservative mega-donor David Koch has died at age 79
DON'T MISS: How the billionaire Koch brothers became 2 of the most influential political donors in America
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