Koch Brothers’ $300-Million Friday

Photograph by Amanda Gordon/Bloomberg

David H. Koch, executive vice president at Koch Industries Inc.

The Koch Brothers, two of the richest people in the world, grew $300 million richer on Friday, by the measure of the Bloomberg Billionaires Index.

They’re also big players in national elections.

Americans for Prosperity, a nonprofit partially funded by the billionaire energy executives, co-owners of Koch Industries, is in the midst of a multimillion-dollar campaign against Democratic senators who have supported President Barack Obama’s health care law. They backed Republican Mitt Romney’s campaign for president.

David Koch, ranked seventh-richest in the world, has said the money he gives to politically active groups like Americans for Prosperity is a way for him to “speak out.”

At a news conference at an AFP event in his honor during the 2012 Republican National Convention where he was a delegate from New York State, Bloomberg’s Julie Bykowicz has reported, a reporter asked him about being labeled an enemy of the Democratic Party.

“We live in a country that believes in free speech,” said Koch. “I have a right to speak out.”

In the midst of a stock market scoring record highs, he and his brother, ranked sixth-richest, now have some more money to speak with.

Friday, it appears, was a good day for energy.

 

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