$53.2 B
- Charles Koch has been chairman and CEO of Koch Industries, America's second largest private company, since 1967.
- The conglomerate has $100 billion in sales from pipelines, chemicals, Dixie cups, Brawny paper towels and Stainmaster carpets.
- His father, Fred Koch, started the business in 1940 and improved a method of refining heavy oil into gasoline.
- The Kansas native splits controlling interest of the firm with his brother, David; they bought out their siblings' shares in 1983.
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