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Charles Koch (Charles de Ganahl Koch)

businessman , philanthropist

Charles de Ganahl Koch is an American businessman and philanthropist. He is co-owner, chairman of the board, and chief executive officer of Koch Industries Inc., the second-largest privately held company by revenue in the United States. As of October 2012, Charles was ranked the 6th richest person in the world with an estimated net worth of of $37.8 billion.

Career

Following graduation, Charles went to work as a consultant for Arthur D. Little, a large consulting firm. After only two years at Arthur D. Little, his father summoned him home to help him manage the medium sized oil company, his father then owned and managed. The father threatened his son that if he did not return home, he would sell the firm. Charles apparently got the message, and went to work for his father’s firm. From 1961 to 1963, he served as a vice president of Koch Engineering, the engineering arm of his father’s company. He was promoted to president of Koch Engineering in 1963, and served in that capacity until 1971. But before the end of his presidency of Koch Engineering, in 1966, his father appointed him to the presidency of the entire company. In the following year, in 1967, his father passed away, and Charles became the chairman and chief executive officer of the firm, which was then renamed Koch Industries, a name the firm holds until today. Over the years, Charles Koch has been an outstanding executive, especially if measured by the growth of Koch Industries. When he first took over the company in 1967, the firm was a medium sized oil firm with annual revenues of about $ 180 million, and valued at about the same amount. Today, Koch Industries has grown more than 500 fold. Charles Koch is also a generous contributor to many worthy causes. He is the founder or co-founder of a number of foundations, many of them in support of free markets and usually with a conservative economic approach.

Achievements

  • Charles Koch is chairman of the board and chief executive officer of Koch Industries, Incorporated, one of the largest and most successful private companies in the world. Under his leadership, Koch Industries has been transformed into a dynamic and diverse group of companies engaged in trading, investment and operations worldwide. As of October 2012, Charles was ranked the 6th richest person in the world with an estimated net worth of $37.8 billion, according to the Bloomberg Billionaires Index. He was ranked 18th on Forbes World's Billionaires list of 2011 (and 4th on the Forbes 400), with an estimated net worth of $25 billion. He has also received many awards and recognitions, most for his largesse and involvement in social, economic, cultural and political organizations.

Politics

Charles Koch disliked George W. Bush's presidency. His favorite presidents are George Washington, Grover Cleveland, and Calvin Coolidge. Koch thinks "prosperity is under attack" by the Obama administration and "warns of policies that 'threaten to erode our economic freedom and transfer vast sums of money to the state'". He's funded groups opposed to the Barack Obama's administration. Charles Koch looks upon the Tea Party movement favorably.

Views

Libertarianism; Market-Based Management

Membership

  • Flint Hills National

  • Mount Pelerin Society

  • The Vintage Club

  • Mercatus Center

  • Institute for Humane Studies

Interests

  • Philosophers & Thinkers

    Ludwig Von Mises; Floyd Arthur Harper; Friedrich Hayek; Alexis de Tocqueville; Adam Smith; Michael Polanyi; Joseph Schumpeter; Julian Simon; Paul Johnson; Thomas Sowell; Charles Murray; Leonard Read

  • Politicians

    George Washington; Grover Cleveland; Calvin Coolidge

  • Writers

    Ludwig von Mises; Friedrich Hayek

  • Sport & Clubs

    Tennis; polo; skiing; golf

  • Other Interests

    Weightlifting; pilates; squash; aerobics

Connections

father:
Fred Chase Koch - Dutch - entrepreneur , chemical engineer
Fred Chase Koch - father of Charles Koch

Founder of Koch Industries

mother:
Mary née Robinson

Grandfather:
Harry Koch - Dutch - printer , newspaper publisher

Grandmother:
Mattie née Mixon

Wife:
Elizabeth Koch
Elizabeth Koch - Wife of Charles Koch

Son:
Chase Koch - American

Daughter:
Elizabeth Koch - American

brother:
Frederick R. Koch - American - philanthropist , collector
Frederick R. Koch - brother of Charles Koch

brother:
David H. Koch - American - businessman , philanthropist , political activist , chemical engineer
David H. Koch - brother of Charles Koch

Executive Vice President of Koch Industries

brother:
William I. Koch - actor , businessman , sailor
William I. Koch - brother of Charles Koch