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David Koch dies at 79

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Billionaire conservative activist David Koch died Aug. 23. He was 79.

“It is with a heavy heart that I announce the passing of my brother David," Charles Koch said in a statement Friday. "Anyone who worked with David surely experienced his giant personality and passion for life."

David Koch last year stepped down from Kansas-based energy and chemical corporation Koch Industries, citing his deteriorating health.

He was worth about $42.4 billion at the time of his death.

Read more from NBC News.

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