Charles Koch
Charles Koch was born in Wichita, Kansas, United States on November 1st, 1935 and is the Business Executive. At the age of 88, Charles Koch biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 88 years old, Charles Koch physical status not available right now. We will update Charles Koch's height, weight, eye color, hair color, build, and measurements.
In 1961 he moved back to Wichita to join his father's business, Rock Island Oil & Refining Company (now known as Koch Industries). In 1967, he became president of the business, which was then a medium-sized oil firm. In the same year, he renamed the firm Koch Industries in honor of his father. Charles's brothers Frederick and Bill had inherited stock in Koch Industries. In June 1983, after a legal and boardroom battle, the stakes of Frederick and Bill were bought out for $1.1 billion and Charles and his younger brother David became majority owners in the company. Despite the settlement, legal disputes continued until May 2001, when CBS News reported that Koch Industries settled for $25 million.
In 2006, Koch Industries generated $90 billion in revenue, a growth of 2000 times over, which represents an annual compounded return of 18%. As of 2014, Koch was worth approximately US$41.3 billion (in 2013 $36 billion) according to the Forbes 400 list. Koch would routinely work 12-hour days at the office (and then spent more time working at home), weekends, and expected executives at Koch Industries to work weekends as well.
Koch has been a director of INTRUST Financial Corp. since 1982 and director of Koch Industries Inc. since 1982. He is director of resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. Koch founded or helped found several organizations, including the Cato Institute, the Institute for Humane Studies and the Mercatus Center at George Mason University, the Bill of Rights Institute, and the Market-Based Management Institute. He is a member of the Mont Pelerin Society.