Businessman

Charles Koch Net Worth

Charles Koch Net Worth: Charles de Ganahl Koch is an American businessman and philanthropist. Along with his equally wealthy brother David Koch, he co-owns the Koch Industries. He owns 42% of the total stake of the company just like his brother and is currently ranked as the 9th richest person in the world. As of 2016, Koch has an estimated net worth of $42.2 billion.

Koch was born on November 1, 1935, in Wichita, Kansas. Even though he was born in a wealthy family, he wasn’t treated like that by his father to teach him the values of hard work and principles needed in life. He went on to study at the Massachusetts Institute of Technology. After that, he went on to get his Bachelor of Science degree in 1957. In following years he got his masters degree in engineering. After shortly working at Arthur D. Little following completing his studies in 1961, he went on to join hands to work for his father’s business called Rock Island Oil & Refining Company.

After some years in the business, he went on to become the president of the company and was later renamed as Koch Industries. The company has grown from a middle standard firm to one of the largest firms in this industry with estimates of over $100 billion in profit since that time that it was renamed. He has also had hands in other companies as well like Georgia-Pacific LLC, Cato Institute, the Institute for Humane Studies and the Mercatus Center at George Mason University.

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Koch has two children with his wife Liz and generally keeps ours from the public eye. He and his brother acquire one of the largest family wealth in the world and both of them have been named in the TIME’s most influential people list several times. He has also released books like The Science of Success which documents the business models that Koch used to make his company a grand success. He has also funded libertarian and free-enterprise policy and fully supports that system.

Charles Koch Net Worth in years:

Charles Koch Net Worth in 2012 $31 billion
Charles Koch Net Worth in 2013 $36 billion
Charles Koch Net Worth in 2014 $42 billion
Charles Koch Net Worth in 2015 $41 billion
Charles Koch Net Worth in 2016 $42.2 billion

 

Koch is also a big philanthropist and was even included in the list of top 50 American givers in 2008. It was reported that during this time he even donated more than $245 million to many good causes including scholarship programs as well as research purposes. He also is involved with The Koch Trust which has also donated millions of dollars to many good causes.

Because of his activities in business as well as the motto to better the lives of people, he has been awarded several prestigious accolades. He was awarded an Honorary Doctorate from George Mason University in recognition of his financial support.He has also made several donations for renovations and building of centers in different Universities including Wichita State University. Some of his awards include the William E. Simon Prize for Philanthropic Leadership, The Distinguished Citizen Award from the Boy Scouts of America, and, The Free Enterprise Award from The Council for National Policy.

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