MULTI-BILLION conglomerate Koch Industries is the second-largest privately held company in the nation.

As the company continues to grow, many want to know more about the network’s ownership.

Who owns the Koch Industries?

Company founder Fred Koch’s children privately own the Koch Industries.

Fred’s son Charles Koch, who sits as the CEO of the company owns 42 percent.

His other son, David, owned the other 42 percent. Sadly, he passed away in 2019 — now his percentage goes to his children.

The additional 16 percent goes into a trust fund for James Howard Marshall’s wife and two children.

James owned 16 percent of the company before passing in 1995.

When was the Koch Industries founded?

Koch Industries was founded by Fred Koch in 1940.

The conglomerate came after Fred and his MIT classmate Lewis Winker owned an engineering company in 1925.

As of 2023, Koch Industries owns 11 companies that handle an array of industries including:

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Since the company was founded, Koch Industries has exceeded $125 billion in revenues throughout its sub-companies.

Where is Koch Industries based?

Koch Industries’ headquarters is based in Wichita, Kansas.

However, their sub-companies have factories in Georgia, New York City, Michigan, and Illinois.

While the companies are stateside, they have a worldwide customer reach.

When did Koch endorse Nikki Haley for president?

On Tuesday, November 28, 2023, Koch’s political arm Americans for Prosperity Action released in a statement their intention to endorse presidential candidate Nikki Haley.

AFP Action’s representative Emily Seidel said: “When we announced our decision to engage in our first ever Republican presidential primary, we made it clear that we’d be looking for a candidate who can turn the page on our political dysfunction – and win.

“It’s clear that candidate is Nikki Haley.

“We can’t keep looking to the politicians of the past to fix the problems of today. Nikki Haley represents a new generation of leadership and offers a bold, positive vision for our future.

“AFP Action is proud to be endorsing her and we will be doing everything we can to help make her the next President of the United States.”