Sources close to the family say David Koch has died. He was 79.
Last year David Koch announced that he is retiring from his roles at Koch Industries and associated companies due to poor health.
This news was first reported by Jane Mayer.
He was 79 years old and had been suffering from cancer.
He was one of the richest people in the world and a donor to the Republican Party
CBS News confirmed his death a short time later.
Other details about the time, place, and cause of his death were not immediately known.
This is a breaking post and will be updated.
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