Wednesday, 2 March 2016

NO. 9 (TIE): CHARLES KOCH

Charles Koch stands for a portrait after an interview with the Washington Post at the Freedom Partners Summit on Monday, August 3, 2015 in Dana Point, CA.

Net worth: $39.6 billion (£28.4 billion), down $3.3 billion
Origin of wealth: diversified
Age: 80
Country: United States
• Fortune down $3.3 billion due mostly to lower oil prices; its key business groups include oil pipelines, refineries, building materials, paper towels and Dixie cups.
• One of the most politically influential billionaires in the U.S., Charles Koch compares his crusade for smaller government and economic liberty to the civil rights campaign. He has indicated that he may spend some of his money trying to defeat Donald Trump.
• Funding for the Koch influence machine comes from $115 billion (sales) Koch Industries, which Charles continues to steer as chairman. He has held that job since 1967 when the company was worth $50 million. Now the second-largest private company in America, it's valued at $100 billion.
• Charles has been chairman of Koch Industries since 1967, when the company had earnings of $4 million.

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