CHARLES KOCH – Biography, Age, Family, Net-worth & Businesses
CHARLES KOCH – Biography, Age, Family, Net-worth & Businesses
WHO IS CHARLES KOCH?
Charles Koch is an American businessman and philanthropist who co-owns and serves as the Chief Executive Officer (CEO) of Koch Industries. Their father, Fred Koch, who founded the company in 1940, left the business to Charles and his younger brother David.
The brothers, particularly Charles, were instrumental in expanding and growing the business into one of the largest privately held companies in the United States. Charles, one of four sons born into a family of industrialists, was intelligent and hardworking from an early age.
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He attended the Massachusetts Institute of Technology (MIT) to study engineering and received two Master’s degrees, one in mechanical engineering and one in chemical engineering. After completing his studies and working briefly for Arthur D. Little, Inc., Charles joined his father’s company, Rock Island Oil & Refining Company.
He eventually became the company’s president and renamed the company Koch Industries in his father’s honor. In addition to his interest in politics, he and his brother David have made substantial contributions to libertarian and conservative think tanks and political campaigns. He has donated millions of dollars to research, policy, and educational projects as a philanthropist.
CHARLES KOCH – Biography, Age, Family, Net-worth & Businesses
BIOGRAPHY
Charles Koch was born in Wichita, Kansas, on November 1, 1935, to Mary and Fred Chase Koch. His father was an industrialist-turned-engineer who founded what would become Koch Industries. The three brothers of Charles are Frederick, David, and William.
He studied engineering at the Massachusetts Institute of Technology (MIT). In 1957, he received his Bachelor of Science in general engineering, and in 1958, he received his Master of Science in mechanical engineering. In 1960, he completed a second Master’s degree and was awarded an M.S. in chemical engineering.
Koch supports a number of communities and educational societies, political and non-political organizations. He has also been referred to as a benefactor and a shady business villain. He was an active member of the Republican Party, Libertarian organizations, Americans for Prosperity, and various American charities.
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WIKI – BIODATA
| Real Name | Charles de Ganahl Koch | |
| Profession | Businessman | |
| Famous For | Koch Industries | |
| Physical Status | ||
| Age | 86 Years | |
| Height |
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| Weight |
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| Eye Colour | Black | |
| Hair Colour | White | |
| Personal Information | ||
| Date of Birth | November 1, 1935 | |
| Religion | Athiest | |
| Birth Place | Wichita, Kansas | |
| Zodiac sign | Scorpio | |
| Nationality | American | |
| School Name | Private High School | |
| College Name | Massachusetts Institute of Technology | |
| Qualifications | Bachelor of Science in General Engineering Master of Science in Nuclear Engineering Master of Science in Chemical Engineering |
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| Family Profile | ||
| Father Name | Fred C. Koch | |
| Mother Name | Mary Robinson | |
| Siblings | Frederick R. Koch, David Koch, Bill Koch | |
| Children | 2: Chase Koch and Elizabeth Koch | |
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| Career | ||
| Source Of Income | Being chairman and CEO of Koch Industries | |
| Appeared In | NIL | |
| Net Worth, Salary | $59. 3 Billion | |
| Hobbies | Maritime and Wild West memorabilia collection | |
CHARLES KOCH – Biography, Age, Family, Net-worth & Businesses
CAREER
After receiving his degree, he joined Arthur D. Little, Inc. However, he returned to Wichita in 1961 to join his father’s business, Rock Island Oil & Refining Company, and this position lasted only a short time.
In the late 1960s, he was a young man determined to expand the family business, which had become a medium-sized oil company. In 1967, he became president of the company and renamed it Koch Industries in honor of his father. Since then, he has also served as chairman of the board and chief executive officer.
As a highly competitive businessman, he worked tirelessly to expand the company’s operations, which now include the production, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, and pulp and paper.
CHARLES KOCH – Biography Age Family Net-worth & Businesses
In 1982, he became the Director of Koch Industries, and he also serves or has served as the Director of Entrust Financial Corp. and Georgia-Pacific LLC, paper and pulp products.
Under the leadership of Charles Koch, Koch Industries expanded at an unprecedented rate and now has a presence in approximately 60 countries and employs more than 100,000 people worldwide.
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Koch Industries has invested more than $70 billion in acquisitions and other capital expenditures over the past several years. Koch Industries owns Invista, Georgia-Pacific, Molex, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals, and Matador Cattle Company.
Charles Koch attributes his phenomenal success to Market Based Management (MBM), a business philosophy he developed. In his 2007 book, “The Science of Success: How Market-Based Management Built the World’s Largest Private Company,” he elaborates on this philosophy.
CHARLES KOCH – Biography Age Family Net-worth & Businesses
The Market-Based Management Institute, an educational non-profit, teaches the principles of MBM to students, educators, community leaders, and government officials through a partnership with Wichita State University (WSU).
He is a libertarian who supports free-market advocacy and policy organizations. The Cato Institute, the Institute for Humane Studies, the Bill of Rights Institute, and the Mercatus Center at George Mason University are among the educational groups he supports.
CHARLES KOCH – Biography Age Family Net-worth & Businesses
FAMILY, MARRIAGE, AND PERSONAL LIFE
Charles Koch is an extremely private individual who avoids the spotlight. He is also meticulous about protecting his family’s privacy. Since 1972, he has been married to his wife, Liz, and they have two children. He has survived prostate cancer.
CHILDREN
Charles Koch and his wife, Liz have two children named; Chase Elizabeth Koch
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CHARLES KOCH INVESTMENTS & BUSINESSES TILL DATE
KOCH INDUSTRIES
Based in Wichita, Kansas, Koch Industries is one of the largest private companies in America. A diverse set of businesses and industries across the world, Koch Industries aim to keep improving and exploring new ways to make life even better.
The diverse businesses are:
Industrial Manufacturing
Agriculture
Building Materials
Glass
Automotive Components
Refining
Renewable Energy
Chemicals & Polymers
Pulp & Paper
Packaging
Consumer Products
Electronics
Enterprise Software
Data Analytics
Medical Products
Engineered Technology
Project Services
Recycling
Supply Chain & Logistics
Global Commodities Trading
Investments
CHARLES KOCH – Biography, Age, Family, Net-worth & Businesses
NET WORTH
Charles Koch is currently one of the wealthiest people in the United States, with a net worth of $59.3 billion. Since 1967, Charles Koch has served as chairman and CEO of Koch Industries, the largest private company in the United States by revenue.
The diversified corporation generates approximately $115 billion in revenue from pipelines, chemicals, Dixie cups, and Stainmaster carpet. In 1927, his father, Fred Koch, improved a method for refining heavy oil into gasoline, and in 1940, he founded the family business.
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The native of Kansas owns a 42 percent stake in the company, as does his brother David, who passed away in August 2019. Charles and David purchased the shares of their two other brothers in Koch Industries in 1983, reportedly for nearly $800 million.
His son, Chase, is in charge of the company’s venture capital arm, which has made investments in hybrid cloud company D2iQ and 3D printing startup Desktop Metal.
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