For A Billionaire, $2M Gets You Superdonor Status After winning the 1992 America's Cup race, Bill Koch — the brother of billionaire industrialists David and Charles — treated all 260-plus people on the team, plus their families, to a trip to Hawaii. Now, the lesser known Koch brother has entered the presidential derby big leagues with a $2 million donation to the superPAC supporting Mitt Romney.
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For A Billionaire, $2M Gets You Superdonor Status

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For A Billionaire, $2M Gets You Superdonor Status

For A Billionaire, $2M Gets You Superdonor Status

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DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning, I'm David Greene.

The billionaire industrialists David and Charles Koch are famous in the world of conservative high-dollar politics. But we're looking today at another Koch brother. As we continue our series on million dollar donors in the presidential campaign, NPR's Peter Overby introduces us to William Koch. He's passionate about many things, but politics only recently.

PETER OVERBY, BYLINE: Bill Koch is an avid yachtsman and he set out to win the 1992 America's Cup. It would take four boats, more than 260 team members, and single-minded determination.

David Rosow was the team business manager. He and Koch are long-time friends in Palm Beach, Florida. Shortly before the final series of races, the team captain announced that he would delay the next day's 6:00 a.m. workout - team members expected to be out late at the black tie America's Cup Ball.

DAVID ROSOW: Bill looked up and he said, Here's the situation. We're here to win the America's Cup, not to dance at the ball.

OVERBY: Rosow remembers what Koch said next.

ROSOW: I will take you all, I'll take the entire team anywhere in the world you want to go, when we win. But anybody who goes to the ball tonight is off the team.

OVERBY: And after they did win...

ROSOW: He took all 260-plus people, plus their families, to Hawaii for three days. Everything was free. And everybody just could not believe the experience they had just had.

OVERBY: Later on, Koch said the America's Cup victory cost him $68 million. Here he is in an ESPN documentary.

(SOUNDBITE OF ESPN DOCUMENTARY)

(SOUNDBITE OF CHEERING)

OVERBY: For $2 million, Koch got his Billy The Kid. The auction took all of two and a half minutes.

Peter Overby, NPR News, Washington .

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