He is one of the most politically influential billionaires. He is the co-owner and CEO of the biggest private firm called Koch Industries Inc. with his net worth being estimated at $41.5 billion according to Forbes as of June 2015.
He successfully made his fortune from diversifying the petroleum products trading company, which he inherited from his father’s oil company. Due to him being a smart business person, he has managed to extend the oil business to nearly 60 countries so far. Koch is the 18th richest man in the world. He had held this job since 1967 when the company was worth $50 million. It’s now valued at $100 billion. The Koch Brothers own the majority of the company.
Charles Koch is the author of the book “Good Profit” talked about a framed letter at his office that his father left for him that has a blueprint about how him and his brothers should manage the family fortune. Koch said that the letter has guided him tremendously in his business
Koch has been supporting Republicans for some time through funding. He does this to ensure that the people of the U.S. can improve their lives when some amendments are done to the tax system already in place. The billionaire said that the American economy is “rigged” in the favor of the wealthy and that it’s not fair and should be changed to ensure better lives for the citizens of the US.
Koch notes that the Republicans have been avoiding government overspending and congratulates them for that. However, they have ignored the pleas from him and his brother to reform the tax system. Koch says Republicans have had several tax breaks here and there but they should be eradicated entirely. Koch says it’s hard to get a candidate who can effect this since it’s away from what people are used to.
Koch has clarified that he has no control of the Republican candidates since the two-tiered system still exists, there is welfare for the wealthy and there is tax code that subsidies the wealthy. Koch says he will support the candidate that supports these interests financially since it will open up the economy and give everyone an opportunity to compete with the once already existing.
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