4. CHARLES KOCH Net Worth: $42.9 BILLION
The other half of Koch Industries, Charles is the chief executive officer of Koch Industries while David is the executive vice president.
The brothers are inherited the Koch empire after their dad, Fred C. Koch and then they expanded the business.
Graduated the Massachusetts Institute of Technology and received a Bachelor of Science in General engineering, a Master of Science in Mechanical engineering in 1958 and a second Master of Science in Chemical engineering in 1960.
After the finished college, he started working at Arthur D. Little, Inc. After spending less than a year there, he moved back to Wichita to join his father’s business – the Rock Island Oil & Refining Company. He became the president of the company not long after that.
After becoming president of the Rock Island Oil & Refining Company, he renamed it into Koch Industries in honor of his father.
Before producing a wide variety of well-known brands like Stainmaster carpet, the Lycra brand of spandex fiber, Dixie Cup and many others, the Koch Industries was involved exclusively in oil refining and chemicals.
In 2010, Koch was the second-largest privately held company by revenue in the USA.
Today, because of the company and because he is a smart guy, Charles’s fortune is estimated to $42.9 billion.
