Charles Koch Net Worth : $52.4 Billion
An American Business Magnate, and Chairman & CEO of Koch Industries
Source of Wealth
Date of Birth
November 1, 1935
M.Sc. (Mechanical Engineering and Chemical Engineering) from Massachusetts Institute of Technology
Charles Koch’s Income & Total Net Worth
Charles Koch is an American industrialist, who has accumulated a net worth of $52.4 billion as a businessman and a political activist. He presently serves as the CEO and chairman of the Koch Industries, which he co-owns with his younger brother, David Koch.
Charles is known for providing financial assistance to the conservative and libertarian political causes. He was considered as the “Most Influential Person of 2011” by the Time magazine.
Properties: Private Fortune
Charles Koch owns a luxuriant home in Palm Desert, which he has bought for millions. This spectacular home is located in California. Lush greenery, fully furnished interior and stunning architect of the exterior are some of the striking features of the house.
Charles Koch’s Career
Born in Wichita, Kansas, he completed his M.Sc. in Mechanical Engineering and M.Sc. in Chemical Engineering from Massachusetts Institute of Technology. After post-graduation, he commenced his career by working at Arthur D. Little, Inc. In 1961, he went back to Wichita to join his father’s Rock Island Oil & Refining Company. In 1967, he became the president of the same corporation. He changed the name of the company to Koch Industries. Since 1982, Charles has been the Director of Entrust Financial Corporation and CEO of Koch Industries.
He also assumed various director designations in other companies, such as Invista, Georgia Pacific Corp, and Intrust Financial Corp.
Charles’ Philanthropic Activities
The humanitarian activities of Charles Koch focus primarily on the educational, research and policy projects. He is the founder of “Charles G. Koch Charitable Foundation”, which contributes to over 180 universities and colleges. He has financially assisted the economic researchers, such as Friedrich Hayek and James Buchanan. Among other projects, Charles supports libertarian academics, Harper’s Institute for Humane Studies, Tea Party movement, etc. He has also provided funds to support public policy research, which focuses on developing voluntary, market-based solutions to social problems. He also sustained the Berkeley Earth Surface Temperature project, which is a technical endeavor to accumulate an extensive database of the surface temperature records of the earth.
Charles donated about $6 million to the Wichita State University basketball arena, which eventually was named Charles Koch Arena, in his honor. He has received William E. Simon Prize for Philanthropic Leadership, in 2011.