Charles Koch Success Story

His educational charities include institutes like Mercatus Center at George Mason University and the Institute for Humane Studies. Koch also started the Koch Cultural Trust along with his wife to support artists and creative professionals.

I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.- Charles de Ganahl Koch

In his book, 'The Science of Success' which was published in 2007, Koch stressed upon the business strategies and his own management policies pertaining to establishing any business. His business establishment, the Koch Industries, was originally an oil refining and chemicals company. 

However, with success at his side, Koch expanded the existing layout into different industrial sectors including minerals, fibers, forest and consumer products and process and pollution control equipment. The estimated annual sales for Koch Industries are $110 billion.

Koch married his wife Liz in 1972 who has been a firm support to him throughout the business and philanthropic activities. Koch and all his brothers suffered from prostate cancer. Although being such an influential personality, Koch prefers to keep a low profile. He has helped several startup companies and organizations to establish through his financial support and guidance. 

Career

Among the noted ones are Bill of Rights Institute and the Market-Based Management Institute. Besides the educational societies and political groups, Koch is a member of the Mont Pelerin Society.

With over 42% stake at his own organization, Koch has an estimated net worth of $41.3 billion. He was listed among the top influential and billionaires in the reputed Forbes magazine, bagging the 18th spot in 2011. Koch brothers were listed among 'the most influential people' of 2011 in TIME magazine. 

The magazine alongwith several others appreciated the determination and the perseverance of the brother, let alone Koch, for the current standing of their company and the support for various educational institutes, political organizations and foundations.