Koch Family is the third richest family in the world, the family's estimated wealth is around $124 billion. The family controls Koch Industries which is the second largest private company in the world. Koch Industries has revenue of over $115 billion and it employs over 120,000 employees. Koch Industries is involved in energy, fiber, petroleum, chemicals, polymers, minerals, fertilizer, paper, equipment, cloud computing, finance, trading, and investments.
Koch Industries was founded by Fred Koch in 1940, this is the story of how Fred Koch founded the second largest private company.
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00:00-00:57 – Introduction
00:57-02:05 – The Rich Beginnings
02:05-02:42 – First Jobs
02:42-03:56 – Innovation
03:56-05:03 – Business in Asia and Europe
05:03-06:00 – Founding Wood River Oil and Refining Company
06:00-06:14 – Books
06:14-07:50 – Donations
07:50-08:13 – The Bottom Line
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