GossipSloth

14 Facts About Charles Koch

source
1

Charles de Ganahl Koch is an American businessman, political donor and philanthropist.

Charles Koch on drug use and the presidency by CBS This Morning

source
2

He is co-owner, chairman of the board, and chief executive officer of Koch Industries since 1967, while his brother David Koch serves as Executive Vice President.

A chief executive officer in American English or managing director in British English describes the position of the most senior corporate officer, executive, leader or administrator in charge of managing an organization.

Koch Industries, Inc. is an American multinational corporation based in Wichita, Kansas, United States, with subsidiaries involved in manufacturing, trading, and investments.

David Hamilton Koch is an American businessman, philanthropist, political activist, and chemical engineer.

Billionaire Charles Koch: Building and Running an Empire by Investors Archive

source
3

Charles and David each own 42% of the conglomerate.

source
4

The brothers inherited the business from their father, Fred C. Koch, then expanded the business.

Fred Chase Koch was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries, a privately held company which, under the principal ownership and leadership of Koch's sons, Charles and David, is listed by Forbes, as of 2015, as the second-largest privately held company in the United States.

source
5

Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies; polymers and fibers; minerals; fertilizers; commodity trading and services; forest and consumer products; and ranching.

source
6

The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue and Dixie Cup.

Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia, and is one of the world's leading manufacturers and distributors of tissue, pulp, paper, toilet and paper towel dispensers, packaging, building products and related chemicals.

A paper cup is a disposable cup made out of paper and often lined or coated with plastic or wax to prevent liquid from leaking out or soaking through the paper.

Invista, headquartered in Wichita, Kansas, United States, is the world's largest integrated fiber, resin and intermediates company.

source
7

Koch Industries is the second-largest privately held company by revenue in the United States according to a 2010 Forbes survey.

source
8

In February 2014, Koch was ranked 9th richest person in the world by Hurun Report with an estimated net worth of $36 billion.

Rupert Hoogewerf, also known by his Chinese name Hu Run, is the Chairman and Chief Researcher of Hurun Report, a research, media and investments business, best known for its "Hurun China Rich List", a ranking of the wealthiest individuals in China.

source
9

Previously, in October 2012 he was ranked the 6th richest person in the world with an estimated net worth of $34 billion—according to the Bloomberg Billionaires Index—and was ranked 18th on Forbes World's Billionaires list of 2011, with an estimated net worth of $25 billion, deriving from his 42% stake in Koch Industries.

source
10

Koch has published three books detailing his business philosophy, The Science of Success, Market Based Management, and Good Profit.

The Science of Success: How Market-Based Management Built the World's Largest Private Company is a book written by Charles Koch in which he delineates his philosophy of Market Based Management.

Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies is a 2015 book by Charles G. Koch.

source
11

Koch supports a number of free market-oriented educational organizations, including the Institute for Humane Studies, the Ayn Rand Institute, and the Mercatus Center at George Mason University.

The Ayn Rand Institute: The Center for the Advancement of Objectivism, commonly known as the Ayn Rand Institute, is a nonprofit think tank in Irvine, California, that promotes Objectivism, a philosophical system developed by author Ayn Rand.

The Mercatus Center at George Mason University is an American non-profit free-market-oriented research, education, and outreach think tank directed by Tyler Cowen.

The Institute for Humane Studies is a libertarian non-profit organization that engages with students and professors throughout the United States.

source
12

He also contributes to the Republican Party and candidates, libertarian groups, and various charitable and cultural institutions.

source
13

He co-founded the Washington, DC-based Cato Institute.

The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.

source
14

Through the Koch Cultural Trust, founded by Charles Koch's wife, Elizabeth, the Koch family has also funded artistic projects and creative artists.

10 Facts About Jacoby Ellsbury
6 Facts About Javier Báez
8 Facts About Leftovers
17 Facts About Albert Pujols
10 Facts About Vladimir Guerrero
20 Facts About Harry S. Truman
7 Facts About Dale Earnhardt Jr.
19 Facts About Lindsey Graham
8 Facts About Ripple
3 Facts About Winter Storm