Charles Koch

Charles Koch is an American businessman and philanthropist who is CEO of Koch Industries. He and his brother David Koch are the majority owners of the company, one of the largest privately owned companies in America. The brothers inherited the company from their father and has since grown the company by more than 2600 times its original size.

Quick Facts

Net Worth: $40 Billion

Source: Koch Industries

Date of Birth: November 1, 1935

Nationality: American

Position : CEO of Koch Industries

Upbringing and Education

Koch was born in Wichita, Kansas. He is the second of four sons of Fred Chase Koch and Mary (née Robinson). Harry Koch (Koch's grandfather), was a Dutch immigrant who settled in West Texas and was a founding shareholder of Quanah, Acme and Pacific Railway. He also founded the Quanah Tribune-Chief newspaper.

Koch studied in the Massachusetts Institute of Technology. In 1957 he received a Bachelor of Science in general engineering, a Master of Science in mechanical engineering in 1958, and once again a Master of Science in chemical engineering in 1960. 

Work and Career

After college, Koch worked at Arthur D. Little, Inc. However during 1961 he moved back to Wichita to assist his father's business, The “Rock Island Oil & Refining Company”. He became president of the medium-sized oil firm in 1967. In the same year, he renamed the firm Koch Industries. 

By 2006, Koch Industries generated a $90 billion in revenue, a growth of 2000 times over.

Involvement in other Areas

Koch is also the Director of Entrust Financial Corp and Koch Industries Inc since 1982. Besides that, he is also the director of Invista and Georgia Pacific Corp. 

Koch has also founded or co-founded institutes such as the “Cato Institute, the Institute for Humane Studies, the Bill of Rights Institute, the Market-Based Management Institute and the Mercatus Center at George Mason University.

Politics

Koch is a very strong standing libertarian; he funds the Charles Koch foundation that encourages students to explore the benefits of free enterprise and classical liberalism. He also stands strongly against the Patient Protection and Affordable Care Act aka “Obamacare”.  Koch is also funding the Berkley Earth Surface temperature project to disapprove Global Warming. Through Americans for prosperity, the Koch brothers have made over 400 members of the congress sign a pledge to vote against climate change legislation.

Koch and wife Liz

Family

Charles Koch is married to Liz Koch and the couple have two children, son Chase Koch and daughter Elizabeth Koch. 

Interesting Facts

  • Koch has been known to deny the Holocaust of WWII
  • Koch industries is considered to be one of the worst air polluters in the world
  • Charles Koch is one of the funders for the American Legislative Executive Council (ALEC) that aims to lower wages, benefits and worker rights.
  • Charles Koch rarely allows interviews.
  • In the past ten years, the Koch brothers have spent over $60 million lobbying Washington.
  • Almost $12.7 Million has been spent by the Koch brothers backing republican candidates.
  • Koch is known for his statement “I want my fair share, and that’s all of it.” 

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