Charles Kch, Chairman and CEO of Koch Industries has been listed in the top 10 richest people of the World in 2020 by Forbes Magazine. He is a well known American businessman, political donor, and philanthropist. In this blog, you will know about the Charles Koch net worth, their family business Koch Industries, and more.
A Glimpse of his Early Life
Charles de Ganahl Koch is an American businessman, political donor, and philanthropist who was born on November 1, 1935. He was ranked in the top 10 richest people in the World this year. He is the Chairman and CEO of Koch Industries.
Koch was born and lives in Wichita, Kansas, one of four sons of Clementine Mary and Fred Chase Koch. He is the elder brother of David Koch.
At the early age, he studied in several private schools. Although, Koch was educated at the Massachusetts Institute of Technology. Later he also received a Bachelor of Science (B.S.) in General Engineering in 1957, a Master of Science (M.S.) in Nuclear Engineering in 1958, and a second M.S. in Chemical Engineering in 1960.
After the death of Fred Sr., Charles discovered a letter that his father had written to his sons back in 1936 that contained financial advice: “If you choose to let this money destroy your initiative and independence, then it will be a curse to you and my action in giving it to you will have been a mistake.”
In 1998, Koch Industries shelled out a $6.9 million settlement over oil spills in Minnesota, and pled guilty to a subsequent federal criminal charge, resulting in an $8 million fine.
Today, Koch Industries rakes in annual revenue of $100 billion.
Charles Koch net worth (Updated)
Charles Koch’s net worth has been estimated to be around$48.4 billion (INR 3,39,504 Crores). He comes in the list of the top 10 richest people in the World of 2018.
In 2018, Koch Industries gave $1,325,115 to federal congressional candidates. This year, top congressional recipients of the Kochs’ money are Republicans Marsha Blackburn, Orrin Hatch, Lee Zeldin, Ron Estes, and Karen Handle.
Now you know about Charles Koch’s net worth and his life, you should concentrate on taking inspiration from their life and start building your own worth. Maybe one day, you might sneak into the list as well.