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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
FinanceKoch Brothers

The Koch Brothers Have a Big Announcement

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Ben Geier
Ben Geier
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Ben Geier
Ben Geier
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November 11, 2015, 4:57 PM ET
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Dana Point, CA - August 3: Charles Koch stands for a portrait after an interview with the Washington Post at the Freedom Partners Summit on Monday, August 3, 2015 in Dana Point, CA. (Photo by Patrick T. Fallon for The Washington Post via Getty Images)Photograph by Patrick T. Fallon — The Washington Post/Getty Images
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The Koch Brothers are arguably the most important donors in the Republican Party, and they won’t be backing any of the current candidates in the primaries, reports USA Today.

Charles Koch, who leads Koch Industries with his brother David, told the paper that he “has no plans” to pick a candidate to back financially in the primaries, perhaps signalling that he isn’t happy with the current state of his party.

The brothers have been on a bit of a media tour this fall, and this isn’t the first time they have expressed disappointment about how the primary has been going.

“If they start saying things we think are beneficial overall and will change the trajectory of the country, then that would be good, but we have to believe also they’ll follow through on it, and by and large, candidates don’t do that,” Charles Koch said to the paper.

Koch did concede that he will likely help the eventual Republican nominee in the general election.

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