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Charles Kock

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Chaleles kock was born on I November, 1935. His father is Fred C. Koch. Fred Chase Koch was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries. His mother was Mary R. Koch. He got married to his wife Liz since 1972. His full name is Charles de Ganahl Koch. He is co-owner, chairman of the board, and chief executive officer of Koch Industries, while his brother David Koch serves as Executive Vice President. Charles and David each own 42% of the conglomerate.

Koch Industries is the second-largest privately held company by revenue in the United States according to a 2010 Forbes survey In February 2014, Koch was ranked 9th richest person in the world by Hurun Report with an estimated net worth of $36 billion. Previously, in October 2012 he was ranked the 6th richest person in the world with an estimated net worth of $34 billion—according to the Bloomberg Billionaires Index—and was ranked 18th on Forbes World's Billionaires list of 2011 (and 4th on the Forbes 400), with an estimated net worth of $25 billion, deriving from his 42% stake in Koch Industries. Koch has published two books detailing his business philosophy, The Science of Success and Good Profit.

He received a Bachelor of Science (B.S.) in General Engineering in 1957, a Master of Science (M.S.) in Mechanical Engineering in 1958, and a second M.S. in Chemical Engineering in 1960. He joins his father’s business in 1961. Koch has been a director of Entrust Financial Corp. since 1982 and director of Koch Industries Inc. since 1982. He is director of resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. Koch founded or helped found several organizations, including the Cato Institute, the Institute for Humane Studies and the Mercatus Center at George Mason University, the Bill of Rights Institute, and the Market-Based Management Institute. He is a member of the Mont Pelerin Society. Koch has received many various awards and honors.

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Koch's philanthropic activities have focused on research, policy, and educational projects intended to advance free-market views. He has underwritten scholarships and financed the research of economists such as James Buchanan and Friedrich Hayek. He has also “supported efforts to inspire at-risk young people to consider entrepreneurship, to teach American students the principles of limited government, and to connect recent graduates with market-oriented organizations, in an effort to launch their careers in public policy.”

Two works that have been especially influential upon Koch's philosophy are Ludwig Von Mises' Human Action and F. A. Harper's Why Wages Rise. After reading Harper's book, Koch became involved with Harper's Institute for Humane Studies, of which he became a principal supporter. He has been on the board of IHS since 1966. Since the 1980s, IHS has been increasingly interested in aiding the careers of aspiring educators, journalists, and policy professionals with an interest in classical liberal thought. Among other projects, the IHS runs the Charles G. Koch Summer Fellow Program, which “has supported more than 900 students during eight-week internships at public policy organizations, both in D.C. and around the country.”  In addition, almost 200 institutions of higher education in the U.S. are funded by the Charles Koch Foundation. What all the Koch-funded programs have in common is an interest in studying free societies with an eye to understanding how economic freedom benefits humanity.

In July 2015 Charles Koch and his brother were praised by President Obama and Anthony Van Jones for their bipartisan efforts to reform the criminal justice system. For roughly a decade Koch has been advocating for several reforms within the prison system, including the reduction of recidivist criminals, easing the employment process for rehabilitated persons, and the defines of private property from Asset forfeiture. Aligning with groups such as the ACLU, the Centre for American Progress, Families Against Mandatory Minimums, the Coalition for Public Safety, and the MacArthur Foundation, Koch believes the current system has unfairly targeted low-income and minority communities all while wasting substantial government resources.

In February 2016, Koch penned an opinion piece in The Washington Post, where he admitted he agreed with presidential candidate Bernie Sanders about the unfairness of corporate welfare and mass incarceration in the United States.

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