Charles Koch: The Billionaire’s Fortune

How rich is Charles Koch?

David and Charles Koch – together the brothers are among the richest people in the world. You regularly end up in the top 10 wealthiest people. The American does not only appear as CEO of Koch Industries. This is an oil and chemical company, which is considered to be the second largest US corporation, which is still privately owned. Rather, he is also known for his commitment to charity. Just like his younger brother David Koch, Charles also appears politically. When it comes to supporting the tea party movement, nobody is more involved than the Koch brothers. The Charles Koch’s net worth is 47.29 billion euros.

The fact that the Koch brothers would make it so far in life was also thanks to their parents, who have already passed away. Together with their two other brothers, Freddie and William, who is only called Bill, the boys were encouraged to adopt an exemplary work ethic at an early age. That cost them part of their childhood, but it also helped them to unite of the wealthiest people in the world did. David Koch also said that her father encouraged them to believe that governments have many disadvantages at an early age. This is still noticeable today in the political commitment of the Koch brothers.

Charles Koch – one of the richest people in the world

Charles Koch first went to a military school, where even more discipline was expected from him. His studies at the Massachusetts Institute of Technology, one of the most elite universities in the USA, have shown that he is a bright man. The billionaire of today studied there Engineering, nuclear and chemical technology and received not only a Bachelor of Arts but also his Master of Science. His two children will therefore have a very difficult time following in their father’s oversized footsteps.

How the Koch brothers got rich

Bill, David and Charles Koch started working together at their father’s company from an early age. Charles was able to prove his skills so quickly that he very soon the management of the company was entrusted. David, however, was appointed deputy. After the father died in 1967, the company was bequeathed to the four sons. In memory of their father, they renamed the company that would henceforth be known as Koch Industries. However, there was not always agreement between the brothers.

In 1980, Bill and Frederick wanted to take over the company because they could not cope with the supposedly autocratic management style of their brother Charles. However, they did not succeed. Charles Koch emerged victorious from this power struggle, whereby the dispute has meanwhile even been carried out in court. In 1983 Bill and Frederick were fobbed off with a meager billion US dollars, so that David and Charles Koch could henceforth run the company on their own. When the Koch brothers are mentioned today, they usually only refer to Charles and David. The two brothers continue to reject third-party shareholders. In addition, they do not want to give any insight into their business activities. For this reason the group is not listed.

Image source: charleskochinstitute.org