Charles Koch net worth
Current Net Worth – $51.6 Billion (USD – 5,160 Crores), (Rupees – 3.89 Lakhs Crores)
Charles Koch short biography
|Net Worth||$51.6 Billion|
|Born||November 1, 1935 (Age – 85)|
|Identified as||Chairman and CEO of Koch Industries|
|Status||American Businessman & Philanthropist|
|Education||Massachusetts Institute of Technology, Bachelor of Arts/Science; Massachusetts Institute of Technology, Master of Science,|
|Spousal status||Married (Liz Koch – M. 1972)|
|Children||2 (Chase Koch & Elizabeth Koch)|
He is an American businessman.
Since 1967, Koch has served as co-owner, chairman, and CEO of Koch Industries, an American multinational corporation based in Wichita, Kansas.
Petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranches, banking, commodities trading, and investment are all businesses that its subsidiaries are involved in.
His late brother David Koch served as executive vice president of the company.
Stainmaster carpet, Lycra spandex fiber, Quilted Northern tissue, and Dixie Cup are just a few of the well-known products produced by the companies.
He was previously ranked 6th richest person in the world in October 2012, according to the Bloomberg Billionaires Index, with an estimated net worth of $34 billion, and 18th on Forbes World’s Billionaires list in 2011, with an estimated net worth of $25 billion, derived from his 42 percent stake in Koch Industries.
On the Bloomberg Billionaires Index, he was rated the 15th richest person in the world as of April 2021, with a net worth of $63.1 billion.
According to Forbes, Koch Industries is the largest privately held corporation in the United States by revenue.
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Charles Koch biography
|Full Name||Charles Koch|
|Height||5.8 feet, 176 cm|
Charles Koch was born on November 1, 1935, and raised in Wichita, Kansas.
Koch is one of four sons of Clementine Mary and Fred Chase Koch.
Harry Koch, Koch’s grandfather, was a Dutch immigrant to West Texas who started the Quanah Tribune-Chief newspaper and was a founding stockholder in Quanah, Acme, and Pacific Railway.
The Kansas native, like his brother David, who died in August 2019, has a 42 percent interest in the company.
Each of Charles and David controlled 42 percent of the company. The Koch brothers took over their father’s firm, Fred C. Koch, and expanded it.
Charles and David allegedly paid roughly $800 million for their two other brothers’ Koch Industries holdings in 1983.
His social media handle:
Koch attended the Massachusetts Institute of Technology after attending various private secondary schools.
In 1957, he earned a bachelor’s degree in general engineering, a master’s degree in nuclear engineering in 1958, and a second master’s degree in chemical engineering in 1960.
He is a Beta Theta Pi fraternity member.
In 1927, his father, Fred Koch, perfected a process of refining heavy oil into gasoline, and the Koch family company was founded in 1940.
He returned to Wichita in 1961 to work for his father’s company, Rock Island Oil & Refining Company (now known as Koch Industries).
He became president of the company, which was then a medium-sized oil corporation, in 1967. He called his company Koch Industries in honor of his father the following year.
Frederick and Bill Koch, Charles’ brothers, had inherited ownership in Koch Industries.
Koch Industries earned $90 billion in revenue in 2006, a 2000-fold increase in revenue and an annual compounded return of 18 percent. According to the Forbes 400 list, Koch was valued at $41.3 billion in 2014 (compared to $36 billion in 2013).
Pipelines, chemicals, Dixie cups, and Stainmaster carpet all contribute to the diverse company’s $115 billion in sales.
Koch has been on the board of directors of INTRUST Financial Corp. and Koch Industries Inc. since 1982.
He is the director of Invista, a resin and fiber firm, as well as Georgia-Pacific LLC, a paper and pulp company.
The Cato Institute, the Institute for Humane Studies and the Mercatus Center at George Mason University, the Bill of Rights Institute, and the Market-Based Management Institute are among the organizations Koch established or helped found.
He belongs to the Mont Pelerin Society.
His company’s social media handles:
Private and early life
Koch and his wife Liz have been married since 1972.
Koch now resides in Wichita, Kansas, with other residences in Indian Wells, California, and Aspen, Colorado.
Chase Koch and Elizabeth Koch are his two children.
Prostate cancer struck Charles and his three brothers all at the same time. Koch “often grants media interviews and wants to maintain a low profile,” according to the report.
Charles and David Koch were named among the most important persons in 2011 by Time magazine.
Koch claimed in a February 2016 interview with Warren Cassell Jr. that despite growing up in an affluent household, he did not enjoy a privileged lifestyle as a youngster.
His main concentration was on oil refinement.
Koch began working for Arthur D. Little, Inc. after graduating from college.
- George Mason University has awarded him an honorary doctorate in science.
- Washburn University has awarded him an honorary doctorate in commerce.
- Babson College has awarded him an honorary Doctor of Laws degree.
- Wichita State University awarded him the President’s Medal in 2004.
- The Kansas Arts Commission presented him with the Governor’s Arts Patrons Award in 1999.
- The Tax Foundation’s National Distinguished Service Award in 2000
- The Boy Scouts of America’s Distinguished Citizen Award
- Minority Small Business Advocate of the Year in the Wichita District
- The Council for National Policy’s Free Enterprise Award
- The Exceptional Service The University of Kansas provided this citation.
- The National Association of Criminal Defense Lawyers’ 2011 Defender of Justice award
- The Wichita Chamber of Commerce’s Uncommon Citizen Award
- He was named number two on AdvisoryCloud’s Top Chief Executive List in 2013.
Net worth statistics
- October 2016 – $42.0 B
- March 2017 – $48.3 B
- October 2017 – $48.5 B
- March 2018 – $60.0 B
- October 2018 – $53.5 B
- March 2019 – $50.5 B
- October 2019 – $41.0 B
- April 2020 – $38.2 B
- September 2020 – $45.0 B
- April 2021 – $46.4 B