27 Of The Wealthiest People On The Planet

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Charles Koch ($43 billion)

Source: https://www.desmogblog.com

Charles Koch is co-owner and CEO of Koch Industries. He has been its chairman since 1967. His father, Fred Koch, improved a method of refining heavy oil into gasoline in 1927, and started the family business in 1940. Charles and his brother David each own 42% stake in the company, buying out their 2 other brothers’ shares in 1983. Koch Industries now includes process and pollution control equipment and technologies; polymers and fibers; fertilizers; minerals; forest and consumer products; commodity trading and services; and ranching. Charles’ son Chase heads the company’s venture capital arm, which has invested in hybrid cloud firm Mesosphere, and 3D metal printing startup Desktop Metal. Koch currently resides in Wichita, Kansas.