David Koch may be gone from breakfast TV screens …. but he’s certainly not leaving empty handed.
After 21 years co-hosting Australia’s number one morning show, the Sunrise presenter has built up an impressive multi-million dollar media empire and property portfolio.
The finance journalist-turned-broadcaster, 67, was reportedly earning $1million per year in the hosting gig.
But Kochie – as he is affectionately known – has long had a series of lucrative side hustles on the go.
These include a swag of media gigs outside TV and wise investments in a range of business ventures and start ups.
Prior to becoming a household name, Koch was a trained accountant before he got his first media job writing in the business pages for The Australian in the early 1980s.
In 1983 he created Personal Investment Magazine, before going on to launch similar publications in New Zealand and the UK.
Kochie has long had a series of lucrative side hustles on the go.
Kochie and his wife Libby bought the five-bedroom home in East Killara, in 2002 — the year he started at one of Australia’s favourite breakfast programs
In the years since, he has regularly written finance columns for New Idea Magazine and a number of News Limited newspapers; including the Daily Telegraph and Herald Sun.
Kochie has written several practical books on family and business financial management, and has also published a book of jokes compiled from his daily joke segment on TV.
As one of Australia’s most recognisable faces, he’s also in high demand for speaking engagements and regularly addresses a wide range of corporate events and groups.
KOCHIE’S INSANE WEALTH
David Koch was reportedly earning $1 million a year hosting Sunrise
Kochie and his wife launched Pinstripe Media, a TV production company, in 2007
In2013, launched KBB Digital, a digital marketing agency. Later offloaded
Ausbiz launched in 20202
Paid media appearances and hosting gigs
Writes finance columns for newspapers and magazines
Beachfront home at Newport
Putting his business expertise to use, Koch launch Pinstripe Media with wife Libby in 2007.
The TV production company now run by son Alexander ‘AJ has grown to create inspirational tech, startup, business and finance content across all media channels.
In 2013, Koch launched KBB Digital, a digital marketing agency for small business which is an extension of the ‘Kochie’s Business Builders’ brand. However the financial expert quietly offloaded the company which now operates under 3228 Digital.
In 2020, Koch alongside Your Money’s Kylie Merritt, launched Ausbiz an Australian business and finance streaming platform.
It clearly pays to be in TV. It was a case of new job, new house for Kochie and Libby who purchased an East Killara home in 2002 — the same year he started at the number one breakfast show.
Records show that the couple paid $1.84 million for the property, before selling it in 2006 for $2.275 million.
The same year the couple purchased a stunning beachfront property in Newport in for $4.65million.
Kochie and wife Libby have been married of four decades and share four children and six grandchildren together. The pair started Pinstripe Media in 2007
Idyllic: The Northern Beaches home features four bedrooms, spectacular ocean views, an infinity pool and an outdoor terrace
The idyliic 1460sqm property features four bedrooms, spectacular ocean views over Bungan Beach, an infinity pool and a large outdoor terrace.
The couple scored a huge discount on the Northern Beaches luxury retreat, with it having a price guide of $5 million prior to it being sold, according to CoreLogic data.
The finance expert knows a thing or two about property, making headlines in March, slamming Baby Boomers for pushing their mortgage myths on today’s aspiring homeowners in a brutal TikTok video.
The breakfast TV host investigated the older generation’s claims it was harder to buy a house under a 17 per cent interest rate more than 20 years ago than it is now.
Among his community interests, he is chairman of the Port Adelaide Football Club and patron of the Koch Centre for Youth and Learning, which is operated by Father Chris Riley’s Youth Off The Streets.
Using football as a metaphor, he said he was leaving the show to work on other projects and spend more time with his family.
Natalie Barr fought back tears on Sunrise this morning after her co-host announced he was departing the program after almost 21 years . Kochie has been a shrewd investor
Kochie and wife Libby have written a number of finance and family-focused books
Melissa Doyle (pictured) co-hosted alongside Kochie from 2002 to 2013
“It’s now time to work some business hours I reckon and have a bit of flexibility to focus more on … our very big family … our family business and frankly, my football club as well,” he said.
Koch is the longest-serving breakfast TV host in Australian history and has led 16,000 hours of live TV during more than 5300 shows and he has conducted about 50,000 interviews.
“I have decided to hang up the boots as co-host of Sunrise,” he announced, before paying tribute to his colleagues, co-host Natalie Barr, sports reporter Mark Beretta, producer David Walters and his boss Kerry Stokes.
He will finish up on Sunrise on Friday June 9.