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Wood River Oil and Refining Company was renamed Koch Industries in 1968 in honor of Fred Koch, the year after his death. [ 27 ] [ 28 ] At that time, it was primarily an engineering firm with a 35% interest in Great Northern Oil Company, which owned the Pine Bend Refinery in Minnesota, a crude oil-gathering system in Oklahoma, [ 16 ] and some ...
The Koch family (/ k oʊ k / KOHK) is an American family engaged in business, best known for their political activities and their control of Koch Industries, the 2nd largest privately owned company in the United States (with 2019 revenues of $115 billion). [1]
Fred Chase Koch (/ k oʊ k / KOHK; September 23, 1900 – November 17, 1967) was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries, a privately held company which – under the principal ownership and leadership of Koch's sons Charles and David – would be listed by Forbes as the second-largest privately held company in the ...
Koch Industries has a presence in more than 70 countries and employs more than 120,000 people worldwide, according to Forbes, which estimates that the company has an annual revenue exceeding $125 ...
3. Koch Family. Company: Koch Industries. Net Worth: $128.8 billion. It is said there is money in oil, and if the Koch family is any indicator, this holds to be true. Not all families get along ...
In 1961 he moved back to Wichita to join his father's business, Rock Island Oil & Refining Company (now known as Koch Industries). [20] In 1967, he became president of the business, which was then a medium-sized oil firm. [21] In the same year, he renamed the firm Koch Industries in honor of his father. [22]
The four sons of Fred Koch, co-founder of energy conglomerate Koch Industries, spent nearly twenty years feuding with one another over whether two brothers, Charles and David, cheated the other ...
Leonard traces the history of Koch Industries from a regional pipeline company to a sprawling corporate entity with "a political-influence machine of rare scope". [1] The first part of is devoted to the history of Koch Industries, beginning with Charles Koch's assumption of leadership after the death of his father Fred in 1967. It traces the ...