Koch's twin: He was my best friend, despite suit

August 23, 2019 - 7:20 pm

AP Photo/Phelan M. Ebenhack


Billionaire industrialist David H. Koch's twin brother is mourning the man he calls his best friend despite a billion-dollar business dispute decades ago.

Bill Koch said in a statement Friday that his twin was "an outstanding human" with "strong principles, great character and strength."

Bill and Frederick Koch came out on the losing end of a 1980s power struggle with their brothers David and Charles over control of the board of Koch Industries, the company their father had co-founded.

Bill and Frederick sold their stake in Koch Industries in 1983, later unsuccessfully claiming in a lawsuit that they were cheated out of more than $1 billion.

Bill Koch says he and David reconciled their business differences 20 years ago.

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