Search results
Results from the WOW.Com Content Network
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 ...
By 2019, Charles Koch and David Koch, commonly referred to as the Koch brothers, were the only ones of Fred Koch's four sons still with Koch Industries. [5] Charles and David Koch built a political network of libertarian and conservative donors, and the brothers funneled financial revenue into television and multi-media advertising. David Koch ...
The Koch brothers are the sons of Fred C. Koch (1900–1967), who founded Koch Industries, now the second largest privately held company in the United States. As of 2012 they owned 84% of Koch Industries stock, [ 5 ] and as of December 2022, Charles Koch was estimated to have a net worth of $66 billion, making him the 14th-richest person in the ...
This category includes members of the Koch family as well as articles relating to their political and business dealings. Subcategories This category has the following 2 subcategories, out of 2 total.
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 ...
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 ...
Charles's brothers Frederick and Bill had inherited stock in Koch Industries. In June 1983, after a legal and boardroom battle, the stakes of Frederick and Bill were bought out for $1.1 billion and Charles and his younger brother David became majority owners in the company. [ 23 ]
Koch worked in his family's company. He and his eldest brother Frederick R. Koch had inherited Koch Industries stock. In 1980, after an unsuccessful attempt to take over the company from Charles, William was fired from the company. [5] In 1983 the stock netted them $800 million in a sale to their brothers, Charles and David. [6]