Charles Koch Net Worth
Charles Koch Net Worth: Charles Koch is an American businessman who has a net worth of $40 billion dollars. Charles Koch (pronounced "coke"), was born Charles de Ganahl Koch on November 1, 1935 in Wichita, Kansas. He is co-owner of Koch Industries, along with brother David, as well as chairman of the board and CEO. Originally engaged solely in oil refining and chemicals, Koch Industries now deals also in process and pollution control equipment and technologies; polymers and fibers; minerals; fertilizers; commodity trading and services; forest and consumer products; ranching. It also produces a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue and Dixie Cup. In 2007, Koch published The Science of Success, a book which chronicles his management philosophy, referred to as "Market-Based Management". In 2012, a series of web videos was compiled into the film Koch Brothers Exposed, accusing Koch Industries of environmental and political misdeeds. Koch Industries is the second-largest privately held company by revenue in the United States, according to a 2010 Forbes survey. Charles Koch supports a number of free, market-oriented educational organizations, including the Institute for Humane Studies and the Mercatus Center at George Mason University. He also contributes to the Republican Party and candidates, Libertarian groups and various charitable and cultural institutions. Charles Koch cofounded the Washington, DC-based Cato Institute. Through the Koch Cultural Trust, founded by Charles Koch's wife, Elizabeth, the Koch family has also backed artistic projects and creative artists.
Net Worth details: Charles Koch has a 42 percent stake in the second largest closely held company in the United States, Koch Industries, which has reported annual revenue of as high as $100 billion. He is invested in several companies including Georgia-Pacific, Invista, Flint Hills Resources, Koch Fertilizer, Koch Pipelines, Molex, and more. He also holds a stake in his family's private equity fund Koch Equity Development, and had $2 billion worth of cash investments in 2015.