Charles Koch’s profile picture

Charles Koch

CEO, Koch Industries
Charles Koch’s profile picture
Net worth 2018: $60.81 Billion
Industry: Diversified
Residence: Wichita
Country: United States
BirthDay: 1 November 1935
Height: 1.75 m
Children: 2
Education: Bachelor of Arts / Science, Massachusetts Institute of Technology; Master of Science, Massachusetts Institute of Technology
BIOGRAPHY

Charles Koch was bornon 1 November 1935 in Wichita, United States, is CEO, Koch Industries. Charles Koch is #8 in List Billionaires People In The World. Charles Koch has been chairman and CEO of Koch Industries, America's second largest private company, since 1967. The conglomerate has $100 billion in revenues from businesses including pipelines, chemicals, Dixie cups, Brawny paper towels and Stainmaster carpets. His father, Fred Koch, started the business in 1940 and improved a method of refining heavy oil into gasoline. The Kansas native owns a 42% stake in the firm, as does his brother, David; they bought their two other brothers' shares in 1983. Koch has funded a number of think tanks, including the libertarian Cato Institute, the Heritage Foundation and the American Enterprise Institute.

NET WORTH STATISTIC
2009

$16 Billion

2010

$21.5 Billion

2011

$25 Billion

2012

$31 Billion

2013

$36 Billion

2014

$42 Billion

2015

$41 Billion

2016

$42 Billion

2017

$48.3 Billion

2018

$60.81 Billion

For business to survive over a long period, it needs to be contributing to society and people's well-being. Otherwise, who's going to want it?

Charles Koch
TIMELINE
2018

As of January 2018, he was ranked as the 11th-richest person in the world, with an estimated net worth of $52 billion

2016

In February 2016, Koch penned an opinion piece in The Washington Post, where he said he agreed with presidential candidate Bernie Sanders about the unfairness of corporate welfare and mass incarceration in the United States

2015

"In July 2015 Charles Koch and his brother were praised by President Obama and Anthony Van Jones for their bipartisan efforts to reform the criminal justice system

2014

In December 2014, Koch Industries and the Koch family foundation donated $11

2013

3 billion (in 2013 $36 billion) according to the Forbes 400 list

2012

A leaked 2012 fundraising plan indicated that the Charles G

2011

TIME magazine included Charles and David Koch among the most influential people of 2011

2010

Koch Industries is the second-largest privately held company by revenue in the United States according to a 2010 Forbes survey

2008

In 2008, Koch was included in Businessweek's list of top 50 American givers

2007

"Koch's business philosophy, "market-based management" (MBM), is described in his 2007 book The Science of Success

2006

In 2006, Koch Industries generated $90 billion in revenue, a growth of 2000 times over, which represents an annual compounded return of 18%

2005

According to the website of the Market-Based Management Institute, which Koch founded in 2005, MBM is "based on rules of just conduct, economic thinking, and sound mental models", harnessing the dispersed knowledge of employees just as markets harness knowledge in society

2004

Between 2004 and 2008, Koch gave $246 million, focusing on "libertarian causes, giving money for academic and public policy research and social welfare

2002

In 2002, Koch Industries donated $6 million to renovate the Wichita State University basketball arena

1980

Koch supported his brother's candidacy for vice president on the Libertarian Party ticket in 1980

1972

Koch has been married to his wife Liz since 1972 and has two children, Chase Koch and Elizabeth Koch

1967

In 1967 he became president of the business, which was then a medium-sized oil firm

1961

In 1961 he moved back to Wichita to join his father's business, Rock Island Oil & Refining Company

1957

) in General Engineering in 1957, a Master of Science (M

1935

Charles de Ganahl Koch (/koʊk/; born November 1, 1935) is an American businessman, political donor and philanthropist

1930

, stating that "we could be facing the greatest loss of liberty and prosperity since the 1930s

(3.4/196 votes)
Related Person
Pedro Moreira Salles’s profile picture
Pedro Moreira Salles
Net Worth is $5.25 Billion
John Gokongwei, Jr.’s profile picture
John Gokongwei, Jr.
Net Worth is $5.24 Billion
Joao Moreira Salles’s profile picture
Joao Moreira Salles
Net Worth is $5.2 Billion
Fernando Roberto Moreira Salles’s profile picture
Fernando Roberto Moreira Salles
Net Worth is $5.2 Billion
Dona Bertarelli’s profile picture
Dona Bertarelli
Net Worth is $4.64 Billion
Chey Tae-Won’s profile picture
Chey Tae-Won
Net Worth is $4.63 Billion