Along with his brother, David Koch, Charles Koch is one of the wealthiest individuals in the world right now. The Koch brothers run Koch Industries, which is one of the largest privately held companies in the world. Although Charles is not one to talk very openly about his personal life to the media, in a rare interview with ABC News, Charles provided some insight into some formative moments in his life. In the interview, this includes a letter from his father that details some general life wisdom and instructs the Koch brothers how they should manage their family’s fortune and business in very general terms. He currently has the letter framed in his office as a reminder of his father’s life wisdom and the principles by which he hopes to guide his life and business choices.
Charles Koch is one of the most well known and widely respected businessmen in the world. Along with his brother, they were able to build their family business into an incredibly successful enterprise and maintain their position as two of the richest people in the world for quite some time. Under their leadership, the family business has expanded from just handling oil refining and chemicals into pollution control, fertilizers, forest and consumer products and ranching.
Underlying his business and political philosophies, Koch has a strong commitment to free market principles. He speaks very openly and frequently on this topic and has remained steadfast in his belief that private enterprise and the general population are able to flourish most when businesses are left to the free market system, with minimum government oversight concerning their affairs. Essentially, Charles is vehemently opposed to what he calls corporate welfare from the government. In sharing his economic beliefs with the world, Koch has made generous contributions to several educational institutions, which include the Institute for Humane Studies and the Mercatus Center, both of which are run by George Mason University. In addition to supporting educational institutions, the Koch brothers donate to the political campaigns of Republican Party and libertarian candidates. In recent years, Charles has become more involved in politics and views his involvement and advocacy as necessary to protect his classical liberal views from encroachment of the government and to allow private enterprise to continue to operate. Along those lines, Charles is a co-founder of the Cato Institute, which is a libertarian think tank in Washington, D.C.