Charles Koch : Success Story
Introduction:
Fortunes are made with man’s own will. This is true behind
the success of Charles Koch.Charles de Ganahl Koch is the chairman, co-owner
and CEO of Koch Industries. Besides being a businessman, he is quite a
philanthropist. Koch Industries was established by Fred C. Koch, father of
Charles Koch and his brother David Koch.
It is the second largest private company in US. Koch has been the
company head for the last 4 decades, taking the company to altogether different
dimension in terms of sales and revenue.
Childhood:
Charles Koch was born on November 1, 1935 in Wichita,
Kansas, US. His ancestry has roots in Dutch, and his grandfather Harry Koch who
migrated to US and settled in Texas. Koch studied at the prestigious
Massachusetts Institute of Technology from where he graduated with several
degrees in 1960. He received his Bachelor of Science in General engineering,
Master of Science in Chemical and Mechanical Engineering. After his college,
Koch started working with Arthur D. Little, Inc. In 1961, he left his job and
moved in with his father for the family business. Years later, he was appointed
as the President of the business.
Early Life:
Besides being called as benefactor and an elusive bogeyman
of the business, Koch supports a number of communities and educational
societies, political and non-political organizations. He had been an active
member for the Republican Party, Libertarian groups, Americans for Prosperity
and different charities in the States.
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.
“Never Forever, Give Up..!!!”
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