Charles Koch is an American businessman and philanthropist. Recently in 2017, he was ranked eighth in the list of ‘The World’s Billionaires’. He is the co-owner, chairman of the board and CEO of Koch industries. Let’s find out more about how much is Charles Koch’s net worth in 2018.
Charles Koch Early Life
Charles de Ganahl Koch was born on November 1, 1935, in Wichita, Kansas. He was born to his parents, Mary Koch and Fred Chase Koch, who was a chemical engineer and entrepreneur. His family is believed to be of Dutch descent.
Charles comes from a very wealthy family and grew up among the scholars and academics. He was a bright student right from the childhood and always received good grades in the exam. He went to Massachusetts Institute of Technology (MIT) and received Bachelor of Science in General Engineering and Master of Science in Nuclear Engineering. Since his father was a chemical engineer, he got his second Masters in Chemical Engineering.
There is not much to tell about his dating life. Charles Koch is married to his wife Elizabeth Koch for almost 45 years and has two kids with her. Charles is a survivor of prostate cancer and also his three brothers have suffered from the same.
Charles Koch Career, Awards & Achievement
After his graduation, Koch started working at Arthur D. Little, Inc. He worked there for a short period and moved back to his hometown. Young and energetic, Charles Koch was a man of vision and always believed in working hard. He joined his father’s company and started working tirelessly. He was a very ambitious young man and wanted to expand his father’s business. After his father took retirement, he became the president of the company and renamed it as ‘Koch Industries’.
After taking over his father’s business, Charles has really worked hard to achieve the success of this magnitude. He made good use of his degree’s and his father’s teaching to take the company to a whole new level. He is a tireless businessman who has grown his business in diverse fields.
Soon, Charles became the director of the Koch Industries and other few corporations. Charles Koch has expanded his company to numerous countries across the globe, employing over hundreds of thousand people. Over the recent years, Koch Industries have invested a lot of money in acquisitions and other capital expenditures.
Charles developed a business philosophy called Market Based Management (MBM). This concept has helped Koch to achieve a tremendous success. The principle of MBM is now taught at a Market Based Management Institute, which is a non-profit organization in partnership with Wichita State University. They teach the student about the concept of using MBM in the field of business and management.
Charles Koch is also active in political activities and funds few political organizations. Charles Koch is a man who believes in hard work, and when he sees someone working hard, he definitely loves to help him with finance.
He has $100 million in revenues from the business and owns 42 percent shares in his firm.
Awards & Achievements
Charles Koch is a successful businessman who has won numerous awards in his lifetime. His biggest achievement would be winning ‘The Adam Smith Award’ from the American Legislative Exchange Council. Apart from this, he has also been inducted into the Kansas Oil and Gas Hall of Fame and Wichita and Kansas Business Halls of Fame. He is also the receiver of the prestigious ‘Spirit of Excellence Award’ from The Urban League of Wichita.
Net Worth of Charles Koch
The estimated net worth of Charles Koch is approximately $48.7 billion. His tremendous net worth is a result of his hard work and good use of his father’s business.
Born with a golden spoon, Charles Koch has always been the brightest and has worked hard to achieve the success of this magnitude. He has worked tirelessly to expand his business and achieved his dream. He is a one woman person who has been married for a long time to his wife Liz and the couple is very happy in their personal life.