Charles Koch- net worth, money and more
Net worth: 40.7 billion dollars
Career / Profession: CEO at Koch Industries Inc.
Charles Koch was born on November 1, 1935 in Wichita situated in Kansas. He has an estimated net worth of 40.7 billion dollars. He is a leading American businessman and an active philanthropist. His birth name was Charles de Ganahl Koch. His grandfather has a Dutch nationality. He was also the founder of the newspaper, the Quanah Tribune-Chief. He was also an important member in Quanah, Pacific Railway and Acme. He the chief Executive officer, chairman and co-owner of the Koch Industries. He owns 58% of the shares of the industries while his brother, David Koch owns 42% of the shares. David Koch is the Executive Vice President of the industries. Under his leadership, the company progressed leaps and bounds growing 2600 times of what it was when it started. It deals in chemicals and oil refining. While now it has spawned over other areas like pollution control equipment and technologies, minerals, polymers and fibers fertilizers, commodity trading & services, forest & consumer products. It has also other brands associated it with Dixie cup, Lycra fiber, the Stainmaster carpet and Quilted Northern tissue. The company’s revenue was 90 billion dollars till the year 2006. It is also ranked 2nd in terms of earning revenue in United States of America. He is also the founder of The Cato Institute. It focuses on advocacy, exposure towards media and its influence in society. He also founded the Koch Cultural Trust with his wife. He has his hands also in funds artistic projects and creative artists.
Early life
He was brilliant student during his school and college times. He did his graduation in Massachusetts Institute of Technology and got the degree of Bachelor of Science in General Engineering and did post-graduation in Master on Science in Mechanical Engineering. He did his 2nd masters in the 1960 and got Master of Science in Chemical Engineering. He then joined his father’s business, Rock Island Oil & Refining Company. Soon in 1967, he was made the president. In the very same year the company was renamed to Koch Industries.
Richly possessions: Estates and Homes
Palm Desert home
Charles Koch owns a very posh home located in the areas of Palm Desert in California in United States of America. He is the owner of the biggest private firm in America and his Palm Dessert home is his greatest and dearest asset. The price of this house is estimated in billions. The place has a beautiful interiors as well as exteriors. The stunning architecture keeps its lookers mesmerized and dazzled. The furniture is such that it offers great comfort. It is surrounded by lush green gardens which offer marvelous view of the natural beauty around the house. He has also a very rich neighborhood as the famous baseball player, Steve Garvey used to live here. The tycoon in publishing arena, Duane Hagadone also lived in Palm Deserts.
Causes he works for:
Charles G. Koch Charitable foundation
He is the founder of Charles G. Koch Charitable foundation. The organization helps 180 colleges and educational centers across the globe to raise awareness about education. It also funds many research programs going around. It encourages people to follow a path of well-being and leads mankind to make social progress. The main benefactors of this trust are colleges like University of Arizona, Kansas State University, Brown University and the universities in states like Utah, Florida and Montana. It also helps a sub branch of George Mason University, “Institute for Humane Studies”. It is a non-profit private organization which was founded in 1980.
Awards and achievements:
He has won many awards and honory titles like Honorary Doctor of Science (from George Mason University for his contribution towards economic programs), Honorary Doctor of Commerce (from Washburn University),Honorary Doctor of Laws (from Babson College),President’s Medal (from Wichita State University in the year 2004), The Adam Smith Award (from the American Legislative Exchange Council),The 1999 Directors’ Award ( contribution to Global Vision in Energy in the New York Mercantile Exchange), The 1999 Governor’s Arts Patrons Award (from the Kansas Arts Commission), The 2000 National Distinguished Service Award (from The Tax Foundation), The Spirit of Justice Award (from The Heritage Foundation), The Entrepreneurial Leadership Award (from the National Foundation for Teaching Entrepreneurship),The Brotherhood/Sisterhood Award (from the National Conference of Christians and Jews), The Distinguished Citizen Award (from the Boy Scouts of America), Wichita City Medallion, Wichita State University Entrepreneur, Wichita District Minority Small Business Advocate of the Year, The Individual Recognition Award (from the Wichita/Sedgwick County Arts and Humanities Council),The Uncommon Citizen Award (from the Wichita Chamber of Commerce) The Free Enterprise Award (from The Council for National Policy), The Herman W. Lay Memorial Award (from the Association of Private Enterprise Education),The Distinguished Service (from the University of Kansas),Honorary Life Membership in the Washburn Law School Association, The Distinguished Citizen Award (from Kansas State University),Spirit of Excellence Award (from The Urban League of Wichita),Outstanding Humanitarian Award (from the Greater Wichita Chapter of the National Society of Fundraising Executives), and The 2011 William E. Simon Prize (from the Philanthropy Roundtable).
What can he do with the money he has?
With the amount of money Charles Koch has, he can buy:
1. 343,183.9 pieces of Audi RS 7 Coupes worth 104,900 dollars each.
2. 3,000,000 pieces of Waterford London Console Tables worth 12,000 dollars each.
3. 3,603,603.6 pieces of Bloomingdale’s Century City 2-Piece Sectionals worth 9,990 dollars each.
Charles Koch has enough money to give every citizen in China 26.44 dollars.
