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Not quite ‘Undercover Boss’ but David Koch Jr. goes from part-owner to Brooklyn Nets staff

Related Topics: Julia Koch

It was only three months ago that members of the Koch family purchased a 15% stake in BSG Global, the parent company of the Brooklyn Nets, New York Liberty and Barclays Center, from Joe and Clara Wu Tsai. The price tag? Around $700 million.

Julia Koch, widow of mega rich and controversial American industrialist David Koch Sr., and her three children, David Jr., Mary Julia Koch and John Koch, purchased the BSE shares as private investors, drawing on their $74 billion net worth. rather than Koch Industries. (Julia Koch in fact is the third richest woman in the world according to Forbes.