Charles Koch Net Worth is$31 Billion
Charles Koch has an estimated net worth of $31 billion dollars. Charles Koch (pronounced «coke») is a political activist, businessman, chief executive officer and chairman of the board of Koch Industries, Inc. and co-owner (with younger brother David) of the Koch business. Koch provides funds towards libertarian and conservative political causes. Charles Koch is rumored to be linked to the right-wing conservative group the Tea Party movement, opposing much of U.S. President Barack Obama’s legislative agenda and policies. Charles Koch supports and funds libertarian and free-market organizations. Koch co-founded the Cato Institute with Edward H. Crane and Murray Rothbard in 1977. Koch industries is the 2nd largest privately held company in the US. He is also an author and philanthropist and co-founded three charities. Click here to find out why #OccupyWallStreet hates the Koch brothers.
Charles de Ganahl Koch ( /’ko?k/; born November 1, 1935) is co-owner, chairman of the board and chief executive officer of Koch Industries Inc., the second-largest privately held company by revenue in the United States according to a 2010 Forbes survey. He was ranked 18th on Forbes World’s Billionaires list of 2012 (and 4th on the Forbes 400), with an estimated net worth of $31 billion, deriving from his 42% stake in Koch Industries. His brother David H. Koch, also owns 42% of Koch Industries, and serves as Executive Vice President. The brothers inherited the business from their father, Fred C. Koch, and have since expanded the business to 2,600 times its inherited size. Originally involved exclusively in oil refining and chemicals, Koch Industries has expanded to include process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching, producing a wide variety of well-known brands, such as Stainmaster carpet, Lycra fiber, Quilted Northern tissue and Dixie paper products.
Koch provides financial support for a number of public policy and charitable organizations, including the Institute for Humane Studies and the Mercatus Center at George Mason University. He co-founded the Washington, DC-based Cato Institute. Through the Koch Cultural Trust, founded by Charles Koch’s wife, Elizabeth, the Koch family has also funded artistic projects and creative artists.
In 2007, Koch’s book The Science of Success was published. The book describes his management philosophy, which is referred to as «Market-Based Management».
Koch was born and lives in Wichita, Kansas, one of four sons of Mary Robinson and Fred C. Koch; Koch’s grandfather, Harry Koch, was a Dutch immigrant who settled in West Texas. Koch’s academic life was spent at the Massachusetts Institute of Technology. He is a member of the Beta Theta Pi Fraternity. He received a Bachelor of Science in general
Charles Koch Net Worth,
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