Charles Koch Diversified Business United States

 

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Charles Koch Diversified Business United States

 

Main Page: Top 100 Billionaires 2006

 

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Charles Koch

 

Industry - Diversified Business

Citizenship - United States

Age - 70

Net worth (US $ billion) - 12.0

Country of Residence - United States 

 

Content derived from Wikipedia article on Charles Koch

 

Charles G. Koch

From Wikipedia, the free encyclopedia

 

Charles de Ganahl Koch (born November 1, 1935) is chairman of the board and chief executive officer of Koch Industries, Inc., the largest privately held company by revenue in the U.S.[1].

 

From 1961, when Koch went to work at his father's business, through 2006, the value of the Standard & Poor's 500 grew about 110-fold, assuming the reinvestment of dividends. During that same period, the value of Koch Industries grew nearly 2,000-fold, using the same assumptions. The growth of Koch companies has been achieved both through acquisitions and through expansion and broadening of existing businesses. Koch companies also exit or decrease their investments in businesses based on a continuous evaluation process that compares their internal value to their market value. (See Koch Industries acquisitions and related milestones.)

 

Koch's academic life was spent at the Massachusetts Institute of Technology. In 1957, he received a bachelor's degree in general engineering. He also received a master's degree in mechanical engineering in 1958 and a masters degree in chemical engineering in 1960.

 

Koch was born and lives in Wichita, Kansas, one of four sons of Fred C. and Mary Robinson Koch. Koch and his wife, Liz, have two children, Elizabeth and Chase.

 

Koch is a libertarian and supports many free-market organizations such as the Cato Institute, which he founded together with Edward H. Crane and Murray Rothbard in 1977.

 

Koch also funds the highly selective Charles G. Koch Summer Fellow Program through the Institute for Humane Studies.

 

Brother David H. Koch ran for vice president for the Libertarian Party in 1980.

 

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Credits & Copyright: This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Charles G. Koch

 

 

 

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