Charles de Ganahl Koch and David Hamilton Koch are together known as the Koch brothers and they are among the 25 wealthiest families in the world. David Hamilton Koch was the executive vice president of Koch Industries. Charles Koch is now in charge and the chairman and CEO of this conglomerate.
We will discuss Koch brothers net worth, their personal and professional life, their rise to the current empire, and many other details. Be with us in this short yet informative post that will let you know a lot of facts that you wouldn’t know before. Let’s get started.
Charles Koch and David Koch were born in Wichita, Kansas. There were two of four sons of Clementine Mary and Fred C Koch. Fred is of Dutch descent as his father, Harry Koch, migrated to West Texas. Though these brothers were born into a wealthy family, they did not live a privileged life.
Koch brothers attended the Massachusetts Institute of Technology and earned a Bachelor of Science degree in general engineering in 1957. Charles Koch earned a Master of Science degree in nuclear engineering and another master's degree in chemical engineering. He started working on an oil refinery after college.
Koch joined Rock Island Oil Refining Company which was founded by his father Fred C Koch in 1940. After his father died in 1967, Charles became the chairman of the company and renamed it Koch Industries in 1968. His twin brothers, David and Bill, joined the family business later in 1970 and 1971.
Koch brothers expanded the business to a variety of branches like pulp and paper manufacturing, mineral mining, plastic production, natural gas production, petroleum production, chemical production, finance, and market structure, etc. With the success of these two brothers, the company grew tremendously.
Charles Koch married Liz in 1972 and this couple has two children together. Charles and his brothers have suffered from prostate cancer. David and Charles were included among the most influential people of 2011 by Time magazine. Koch brothers have won numerous awards and achievements throughout their lives.
These awards and achievements include a President’s Medal by Wichita University in 2004, honorary D.S. degree from George Mason University, Washburn University, and Babson College, The Director’s Award for Global Vision in Energy from the New York Mercantile Exchange, etc.
Full NameCharles de Ganahl Koch and David Hamilton Koch
FatherFred C. Koch
MotherMary R. Koch
SiblingCharles Koch, Bill Koch, Frederick R. Koch
Koch Brothers Net Worth
As of 2021, the Koch brothers are assumed to have a net worth of $120 billion. Both of these brothers own a 42% stake in their family business. Though David Koch announced his retirement this year, Charles is still with the company and progressing it to a new dimension every day.
Net Worth$120 billion
Zodiac SignNot Available
Salary in 2021Under Review
Koch Brothers Income Source
Koch brothers earned from a widely spread business that ventured into a lot of branches. They not only progress the company founded by their father but also opened several other companies that worked under Koch Industries.
Koch brothers are idols in the business world and also one of the richest families in the world. We are glad to share the Koch brothers net worth with you.