Who Is Charles Koch - The Richest Person in Kansas (2022)

Charles Koch, CEO of Koch Industries, is the richest people in Kansas of America with a huge, mouth-watering net worth.

Who Is Charles Koch - The Richest Person in Kansas (1)
Photo: The Beaverton

Who is Charles Koch - Biography?

In Kansas, Koch Industries CEO Charles Koch is by far the richest resident with $60.6 billion to his name.

Charles de Ganahl Koch (born November 1, 1935) is an American billionaire businessman and philanthropist. As of August 2021, he was ranked as the 20th-richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $61.1 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 42% of the conglomerate.

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

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.

(Video) The Secret History of America's 2nd Largest Private Company | Koch Industries

Charles Koch: Childhood & Early Life

Who Is Charles Koch - The Richest Person in Kansas (2)
Photo: Wikipedia

Koch was born and lives in Wichita, Kansas, one of four sons of Clementine Mary (née Robinson) and Fred Chase Koch. Koch's grandfather, Harry Koch, was a Dutch immigrant who settled in West Texas, founded the Quanah Tribune-Chief newspaper, and was a founding shareholder of Quanah, Acme, and Pacific Railway. Among his maternal great-great-grandparents were William Ingraham Kip, an Episcopal bishop, William Burnet Kinney, a politician, and Elizabeth Clementine Stedman, a writer.

Charles has three brothers: Frederick, David, and William. He went to the Massachusetts Institute of Technology (MIT) to study engineering. He earned his Bachelor of Science in general engineering in 1957, and a Master of Science (M.S.) in mechanical engineering in 1958. He then completed another Master’s degree and received his M.S. in chemical engineering in 1960.

Charles Koch: Career

After graduation, he joined Arthur D. Little, Inc. However, this job lasted for a very short while as he moved back to Wichita in 1961 in order to join his father’s business, Rock Island Oil & Refining Company. He was a hard-working young man, determined to expand the family business which had become a medium-sized oil firm by the late 1960s.

He became the president of the business in 1967 and renamed it Koch Industries in his father’s honor. He has also been serving as the Chairman of the Board and CEO since then.

A highly competitive businessman, he worked tirelessly to grow the business which is today involved in diverse fields such as the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper.

(Video) Inside The Koch Family Trillionaire Lifestyle

Who Is Charles Koch - The Richest Person in Kansas (3)
Photo: Tim Ferriss

He became the Director of Koch Industries in 1982 and also serves, or has served, as the Director of other corporations including Entrust Financial Corp. and Georgia-Pacific LLC, paper and pulp products.

Under the leadership of Charles Koch, the Koch Industries saw an unprecedented rate of expansion and at present has its presence in around 60 countries around the world and employs more than 100,000 people worldwide.

Over the recent years, Koch Industries have invested more than $70 billion in acquisitions and other capital expenditures and own Invista, Georgia-Pacific, Molex, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals, and Matador Cattle Company.

Charles Koch credits his phenomenal success to the business philosophy of Market Based Management (MBM), a concept which he developed. He describes this philosophy in detail in his 2007 book, ‘The Science of Success: How Market-Based Management Built the World's Largest Private Company’.

Who Is Charles Koch - The Richest Person in Kansas (4)
Photo: Wall Street Journal

The principles of MBM are taught to students, educators, community leaders, and government officials by the Market-Based Management Institute, an educational non-profit, through their partnership with the Wichita State University (WSU). He is a libertarian and is in favor of free-enterprise policy and advocacy organizations. He supports a number of free market-oriented educational organizations, including Cato Institute, the Institute for Humane Studies, Bill of Rights Institute, and the Mercatus Center at George Mason University.

(Video) Fred Koch: The Founder of World's Second Largest Private Company Koch Industries

As the co-owner, chairman of the board, and Chief Executive Officer (CEO) of Koch Industries, Charles Koch, has played a pivotal role in transforming the company from a medium-sized firm to one of the largest privately held companies in the United States. Koch Industries is also the recipient of more than 930 awards for safety, environmental excellence, community stewardship, innovation, and customer service.

Politics

Charles and David Koch shared the conservative political outlook of their father, who was a founding member of the John Birch Society. In 1980 David was the vice-presidential candidate of the Libertarian Party, which received slightly more than 1 percent of the popular vote. The brothers subsequently focused their political energies on promoting libertarian ideas and policies among academics, journalists, politicians, and the public.

To this end, they contributed millions of dollars annually to scores of think tanks, foundations, and nonprofit groups, several of which they created or controlled.

Who Is Charles Koch - The Richest Person in Kansas (5)
Photo: Charles Koch Institute

In the mid-2000s the Koch brothers eclipsed the Exxon Mobil Corporation as the major financial sponsor of groups that questioned the reality, severity, or human origins of global climate change. Koch Industries and its subsidiaries, as well as the brothers individually and through the organizations they funded, also spent large sums on campaign contributions, lobbying, and state ballot measures.

The Americans for Prosperity Foundation, meanwhile, aided the growth of the anti-government Tea Party movement from 2009 by organizing rallies, mobilizing voters, funding advertisements, and formulating policy. Starting in 2003 the Koch brothers hosted biannual national conferences at which industry executives, Republican Party leaders, and conservative activists and journalists gathered to discuss political issues, fundraising, and electoral strategy.

(Video) david koch | Lifestyle, car, education, net worth, house, wife

Liberal critics of the Koch brothers accused them of using their enormous wealth to manipulate the political process and public discourse in their company’s interest and to advance policies that harmed the middle class and the poor and undermined public health, workers’ rights, and the environment. Defenders claimed that the extent of the brothers’ influence was exaggerated and that their political activities were motivated by their desire to increase economic freedom and prosperity for all Americans, according to Britannica.

Charles Koch: Personal Life

Koch has been married to his wife Liz since 1972. He has two children, Chase Koch and Elizabeth Koch. Charles and his three brothers have all suffered from prostate cancer. Koch "rarely grants media interviews and prefers to keep a low profile". Time magazine included Charles and David Koch among the most influential people of 2011. According to the magazine, the list includes "activists, reformers and researchers, heads of state and captains of industry." The article describes the brothers' commitment to free-market principles, the growth and development of their business, and their support for Tea Party organizations and political candidates. Koch lives in Wichita, Kansas, and has homes in Indian Wells, California, and Aspen, Colorado.

Charles Koch: Awards & Achievements

He was presented with the Adam Smith Award by American Legislative Exchange Council in 1994.

In 1999, he won the Directors’ Award for Global Vision in Energy from the New York Mercantile Exchange. The Heritage Foundation bestowed upon him the Spirit of Justice Award in 2003.

In 2005 he won the Herman W. Lay Memorial Award by the Association of Private Enterprise Education. He was honored with the William E. Simon Prize for Philanthropic Leadership by Philanthropy Roundtable in 2011.

(Video) David Koch, billionaire industrialist and Republican mega donor, dies aged 79

Charles Koch: Net Worth

Charles Koch is an American businessman who has a net worth of $62 billion dollars. Koch has been ranked as high as the fourth richest person in the world. Today he is one of the 20 richest people in the world.

With annual revenues of $100+ billion, today Koch Industries is the second-largest privately held company by revenue in the United States, behind Cargill. Charles holds a 42 percent stake in Koch Industries and has also invested in several companies, including Georgia-Pacific, Invista, Flint Hills Resources, Koch Fertilizer, Koch Pipelines, Molex, and more. He also holds a stake in his family's private equity fund, Koch Equity Development, and has around $2 billion worth of cash investments. Koch has written three books about his business philosophy: "Good Profit," "The Science of Success," and "Market Based Management."

Who is Santa Claus: 10 Amazing Facts

Who is Santa Claus? Santa Claus is known as Father Christmas who will bring gifts to well-behaved children. Let's see 10 interesting facts about Santa ...

Who Is A Real Estate Broker During Skyrocketing Of Home Price?

Who is a real estate broker during covid pandemic when home price skyrockete around the world? Is a real estate broker different from a real ...

Who is Youtuber Ryan Kaji: Biography, Nationality, Parents And Ways to Make Money

Who is Ryan Kaji, a ten-year-old boy has been named as the highest-paid Youtuber? Check out his biography, family, nationality, how to earn money and ...

Who Is A Real Estate Agent?

Who is a real estate agent? And why should you become a real estate agent?

FAQs

How many billionaires are there in Kansas? ›

Table
Rank by number of billionaires (9/15/20)State or federal districtBillionaires/ State's 10M pop. (7/19 census) (9/15/20)
31Mississippi6.72
27Nebraska15.51
31Kansas6.87
31Oregon4.74
49 more rows

Who inherited David Koch's money? ›

Koch's wife, Julia Koch, and their three children inherited a 42% stake in Koch Industries from Koch upon his death.

How much does Charles Koch make a year? ›

He is believed to be one of the biggest donors to the Republican Party.
...
Charles Koch net worth.
NameCharles Koch
Net Worth (2022)$62 Billion
ProfessionChairman, Chief Executive Officer, Businessman, and Philanthropist
Monthly Income And Salary$172 Million +
Yearly Income And Salary$2 Billion +
1 more row

Who are the two billionaires in Kansas? ›

Kansas has 2 billionaires, see who they are
  • Min Kao & family.
  • Charles Koch.
  • You may also like: Cities with the most expensive homes in Kansas.

Who is the most famous person from Kansas? ›

Most Well-Known Kansas Celebrities in 2022
Weighted RankNameHometown
1Paul Rudd, ActorLenexa
2Jason Sudeikis, ActorOverland Park
3Joanna Gaines, TV PersonaltyWichita
4Kirstie Alley, ActressWichita
6 more rows
27 Jul 2022

Who is the richest family in Kansas? ›

Below are the richest people in Kansas. As of October 2022, the richest person in Kansas is Charles Koch. Charles Koch lives in Wichita. How does your net worth compare to the fortunes of the wealthiest people in Kansas?

What is the richest place in Kansas? ›

> Population: 3,947
StateRichest TownPopulation
IllinoisInverness7,747
IndianaHidden Valley5,449
IowaRobins3,414
KansasFairway3,947
46 more rows

Where do the rich people live in Kansas City? ›

Kansas City metro neighborhoods making the list included Mission Hills (Mission Hills), Hallbrook Farms-The Woods (Leawood), Waterford-Leawood South (Leawood), and the Country Club Plaza District (Kansas City).

Who is the richest family in the world? ›

For the fourth year in a row, the Waltons top the list of the world's richest families with a net worth of $224.5 billion.

What toilet paper company is owned by Koch brothers? ›

Georgia-Pacific

Originally known as Georgia Hardwood Lumber Co., Georgia-Pacific is a pulp and paper company that produces paper, tissue, toilet paper, and building products. The list of products also includes the well-known brands Quilted Northern tissue, Brawny paper towels, and Dixie cups.

Does Koch offer a pension? ›

Koch Industries Employees' Pension Plan is a private sector pension fund located in Wichita, Kansas. Koch Industries was founded in 1940 and is comprised of subsidiaries and affiliated firms. Its pension plan provides retirement benefits for its associated employees.

Is Charles Koch the richest person in the world? ›

Charles de Ganahl Koch (/koʊk/ KOHK; born November 1, 1935) is an American billionaire businessman. As of November 2022, he was ranked as the 13th richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $66 billion.

What products are made by Koch? ›

Koch Industries
TypePrivate
Area servedWorldwide
Key peopleCharles Koch (Chairman & CEO)
ProductsAsphalt, chemicals, commodities trading, energy, fibers, fertilizers, finance, minerals, natural gas, plastics, petroleum, pulp and paper, ranching
RevenueUS$115 billion (2020)
10 more rows

Who are the 3 richest families in America? ›

Family Matters
RankFamilyOrigin of Wealth
#1Walton FamilyWalmart
#2Koch FamilyKoch Industries
#3Mars FamilyMars Inc.
#4Cargill-MacMillan FamilyCargill Inc.
6 more rows
27 Mar 2021

How many millionaires are in Kansas? ›

List
RankStateNumber of millionaire households
29Oklahoma75,567
30Iowa73,129
31Utah71,613
32Kansas66,406
47 more rows

Is Kansas a wealthy state? ›

Economic Outlook Rank

Kansas is currently ranked 28th in the United States for its economic outlook. This is a forward-looking forecast based on the state's standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.

What's the oldest town in Kansas? ›

Welcome to historic Leavenworth, the oldest City in Kansas. Present day Kansas was part of the Louisiana Purchase of 1803.

What are 3 famous people in Kansas? ›

Amelia Earhart, Dwight D. Eisenhower, Bob Dole, Gordon Parks, Janelle Monáe, Paul Rudd, Jason Sudekis, Eric Stonestreet, Bridget Everett are a few famous Kansans, but there are many more to learn about!

What is the most visited place in Kansas? ›

Visit Topeka, the capital and top vacation spot in Kansas, to see the stately Kansas State Capitol building. State capitol buildings are always a must-visit for tourists, and the building in Kansas will truly impress you both the inside and outside.

Who are the richest people in Wichita KS? ›

The wealthiest person in Wichita, Kansas

Charles Koch joined the family business in 1961 after graduating college. In 1967 at the age of just 32, Charles became Chairman of the company when his father passed away. Ever since then, he has grown Koch Industries.

How many billionaires are in Kansas City? ›

The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925.

What is the poorest county in Kansas? ›

Crawford County, located in the southeastern corner of Kansas near the state's border with Missouri, is the poorest county in the state with a median household income of about $37,600 a year.

Where is the oldest house in Kansas? ›

The "Rookery" is the oldest surviving building on the fort (circa 1834), and the oldest continuously occupied residence in the state of Kansas. It is said to have gotten its name from when it housed the single military men in the early 1800's.

What is the cheapest town in Kansas to live in? ›

If you're on the prowl for the cheapest places to live in Kansas, consider checking out these six inexpensive, yet great places to live.
  • Topeka. Topeka, KS, USA. ...
  • Abilene. Abilene, KS 67410, USA. ...
  • Wichita. Wichita, KS, USA. ...
  • Arkansas City. Arkansas City, KS 67005, USA. ...
  • Shawnee. Shawnee, KS, USA. ...
  • Colby. Colby, KS 67701, USA.
14 Jun 2022

Who is the highest paid public employee in Kansas? ›

The highest paid public paid employee in the state was Jeffrey Paul Long, who was hired in July 2018 as KU's athletic director. His gross pay of $1,315,384 was nearly double the next highest paid employee, according to the database.

What family has the oldest money? ›

The Vanderbilts are one of America's oldest old money families. The family is of Dutch descent, and rose to prominence during the Gilded Age in the final decades of the 19th century. Cornelius Vanderbilt, born in 1794, grew up in poverty, but managed to marry above him.

Are Rockefellers still rich? ›

Rockefeller family's Net Worth is over $360 Billion Dollars.

Who is the richest black family in the world? ›

Aliko Dangote

Aliko Dangote is the richest black billionaire, with a net worth of $14 billion (11.5 in 2021). He is the founder of Dangote cement company, where he controls approximately 88% of the shares. Dangote has also amassed wealth from other investments in salt and sugar manufacturing companies.

Does Costco sell Koch products? ›

Koch Industries is the owner of products such as AngelSoft, Quilted Northern, Dixie, Zee, Brawny, Sparkle, and others that are sold at every Costco.

What nationality is the last name Koch? ›

Koch (/koʊk, kɒtʃ, kɒx/ KOHK, KOTCH, KOKH, US also /kɔːk/ KAWK, German: [kɔx] ( listen)) is a German surname that means "cook" or "chef".

Is Bounty owned by Koch? ›

My Bounty paper towels and Charmin toilet paper aren't a product of Koch, which is at the shameful bottom of Sonnenfeld's list. But they're made by Procter & Gamble, which is just one notch up, listed as not putting new investments into Russia for the time being.

Are pensions paid for life? ›

Your traditional pension plan is designed to provide you with a steady stream of income once you retire. That's why your pension benefits are normally paid in the form of lifetime monthly payments. Increasingly, employers are making available to their employees a one-time payment for all or a portion of their pension.

Which company pays the highest pension? ›

Rankings by Total Assets
RankProfileType
1.Panasonic Holdings Corporation Pension FundCorporate Pension
2.Toshiba Pension FundCorporate Pension
3.Denso Pension FundCorporate Pension
4.DIC Pension FundCorporate Pension
91 more rows

Does Koch Industries pay well? ›

Koch Industries, Inc. pays its employees an average of $87,767 a year. Salaries at Koch Industries, Inc. range from an average of $57,087 to $138,075 a year.

Who is the richest woman in 2022? ›

The granddaughter of the L'Oréal founder, Francoise Bettencourt Meyers was the wealthiest woman in the world as of April 2022. Her and her family's net worth was estimated at 74.8 billion U.S. dollars. Alice Walton, the daughter of the Walmart founder, was ranked second with 65.3 billion U.S. dollars in net worth.

Who is Trillionaire man? ›

Modern Wealth
No.NameNet worth (USD)
1Elon Musk$219 billion
2Jeff Bezos$177 billion
3Bernard Arnault & family$158 billion
4Bill Gates$129 billion
6 more rows
20 Jul 2022

How much is Donald Trump worth? ›

Who is the richest US citizen? ›

Elon Musk

Who is the world's biggest trillionaire? ›

The world's first trillionaires
  • Elon Musk. Current net worth: US$263 billion. ...
  • Gautam Adani. Current net worth: US$93 billion. ...
  • Zhang Yiming. Current net worth: US$59 billion. ...
  • Bernard Arnault. Current net worth: US$186 billion. ...
  • Mukesh Ambani. Current net worth: US$97 billion. ...
  • Jeff Bezos. ...
  • Larry Page. ...
  • Sergey Brin.
16 Jun 2022

Who is the richest man in trillion? ›

In the 36th annual Forbes list of the world's billionaires, the list included 2,668 billionaires with a total net wealth of $12.7 trillion, down 97 members from 2021.
...
2022.
NameJeff Bezos
Net worth (USD)$177 billion
Age58
NationalityUnited States
Source(s) of wealthAmazon
9 more columns

Does Koch own Purina? ›

Koch Agriculture has completed its acquisition of Purina Mills Inc., a leading producer of animal-nutrition products with annual sales of $1.2 billion.

How do you say Koch Foods? ›

Koch Foods, pronounced “Cook” Foods, is all about making cooking easier and more flavorful.

Where does Koch Foods get their chicken? ›

All poultry from Koch Foods is hatched, raised and harvested in the United States. All live operations, which include feedmills, hatcheries, breeders and broilers, are based in Mississippi, Alabama and Georgia.

Who is the richest man in Wichita Kansas? ›

As of November 2022, he was ranked as the 13th richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $66 billion.
...
Charles Koch
BornCharles de Ganahl Koch November 1, 1935 Wichita, Kansas, U.S.
EducationMassachusetts Institute of Technology (BS, MS)
OccupationBusinessman
10 more rows

What is upper class in Kansas? ›

Lower-income households had incomes less than $45,200 and upper-income households had incomes greater than $135,600 (incomes in 2016 dollars), Kochhar said.

How many billionaires live in Wichita Kansas? ›

This is the City in Kansas With the Most Billionaires
City with the most billionaires:Number of billionaires:Total billionaire net worth:
Illinois: Chicago11$49.5 billion
Indiana: Bloomington1$10.5 billion
Iowa: Adel1$5.4 billion
Kansas: Wichita1$44.9 billion
46 more rows

What are the 3 poorest states? ›

Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).

What is the number 1 poorest state? ›

Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines. Fifteen percent of residents are food insecure.

What are the wealthiest counties in Kansas? ›

Kansas counties ranked by per capita income
RankCountyPer capita income
1Johnson$37,882
2Scott$28,872
3Greeley$28,698
4Ness$27,622
63 more rows

Who is Kansas City's largest employer? ›

Kansas City's Largest Private-Sector Employers
RankNameLocal FTE employees
1Cerner Corp.12,890
2HCA Midwest Health System9,924
3Saint Luke's Health System8,123
View This List
21 Jul 2017

What is the largest company in Kansas City? ›

Sprint Corp.

Videos

1. Richest Billionaire In Every U.S. State 2022
(Trader's Guide)
2. Billionaire Charles Koch Shares His Best Business Advice!
(EntreLeadership)
3. Chase Koch: Growing up a Koch
(Wichita Eagle)
4. CHARLES KOCH Net Worth, Lifestyle, Family, Biography, House and Cars
(H. I.B)
5. Koch Family Documentary | Koch Family History | Koch Family Politics | Luxury World
(Luxury World)
6. 5 Important Lessons Young People Should Learn From David Koch
(Success Secrets TV)

Top Articles

Latest Posts

Article information

Author: Manual Maggio

Last Updated: 12/08/2022

Views: 6231

Rating: 4.9 / 5 (69 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Manual Maggio

Birthday: 1998-01-20

Address: 359 Kelvin Stream, Lake Eldonview, MT 33517-1242

Phone: +577037762465

Job: Product Hospitality Supervisor

Hobby: Gardening, Web surfing, Video gaming, Amateur radio, Flag Football, Reading, Table tennis

Introduction: My name is Manual Maggio, I am a thankful, tender, adventurous, delightful, fantastic, proud, graceful person who loves writing and wants to share my knowledge and understanding with you.