⬅ # 23 Zhong Shanshan|# 25 Giovanni Ferrero

# 24 Charles Koch 

$59.9B

Real Time Net Worth
as of 4/16/2024
-$141.6M (-0.24%)

# 24 Charles Koch 

$59.9B

Real Time Net Worth
as of 4/16/2024
-$141.6M (-0.24%)
OccupationChair and CEO, Koch Industries
Source of WealthKoch Industries
Age88
ResidenceWichita, Kansas
Marital StatusMarried
Children2
EducationBS, Massachusetts Institute of Technology; MS, Massachusetts Institute of Technology
Age-Adjusted Net Worth$9.01B
Charles Koch
Charles Koch
United States
Net worth: $59.9B

Wealth History

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Biography

Charles de Ganahl Koch was born on November 1, 1935, in Wichita, Kansas, USA.
He is an American businessman, philanthropist, and political donor, known for his role in leading Koch Industries, one of the largest privately-held companies in the world.
Charles Koch became the CEO of Koch Industries in 1967, following the death of his father, Fred C. Koch.
Under Charles Koch's leadership, Koch Industries diversified its operations, becoming involved in industries such as oil refining, chemicals, and consumer products.
Koch is a proponent of market-based management principles, emphasizing entrepreneurship, innovation, and free-market principles within the company.
He is a significant political donor, supporting libertarian and conservative causes, and co-founded organizations like the Cato Institute and Americans for Prosperity.
Charles Koch is an author, having co-written books such as 'The Science of Success' and 'Good Profit,' where he outlines his business philosophy and principles.
Despite controversies related to his political influence, Koch has been involved in various philanthropic efforts, particularly in education and criminal justice reform.
In 2021, Charles Koch announced his plans to step down as CEO of Koch Industries, transitioning to a senior advisory role.

How long would it take you to become as rich as Charles Koch?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Charles Koch's net worth of $59.9B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Charles Koch is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Charles Koch, Koch Industries is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey