The Koch Brothers Plan to Spend a Record-Setting $400 Million
The influential network of policy and political groups backed by billionaires Charles and David Koch plan to grow tenfold in coming years, Charles Koch said Saturday as he welcomed 550 of his likeminded pals assembled in California for a donor summit.
All told, the eye on policy and politics will be as much as $400 million, their biggest bucket for a midterm cycle in the groups’ histories. That is on top of cash the influential brothers and their allies funnel every year to projects working in schools, prisons and non-profit groups.
“The capabilities that we have now can take us to a whole new level. So my challenge to all of this is to increase the scale and effectiveness of this network by an order of magnitude, by another tenfold on top of all the growth and progress we’ve already made,” the the sixth-richest man in the world, with an estimated worth of $52 billion, said. “If we can do that, I’m convinced we can change the trajectory of this country.”