Koch Industries' Growth. Koch Pipeline Company. Other Notable Companies. Key Takeaways Koch companies collectively employ over , people in 70 countries, and more than half are in the United States.
Koch subsidiaries are also involved in investing, commodities trading, and ranching. Article Sources. Investopedia requires writers to use primary sources to support their work.
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Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. VeChain VeChain is a blockchain platform that aims to improve business operations by enhancing the tracking of processes and products. Brexit Brexit refers to the U. He is known for his immense wealth and his trophy properties.
To some extent their views put them at odds with both of America's main parties. President Obama has called the brothers a "problem" - but also praised them for campaigning for judicial reform. David once told ABC: "I'm basically a libertarian. I'm a conservative on economic matters, and I'm a social liberal," a contrast to the anti-abortion and anti-gay rights espoused by many Republicans.
Gus diZerega, a former friend of Charles Koch, told the New Yorker he believes the brothers have transferred their father's loathing of communism to a distrust of government in general. In its purest form Libertarianism opposes government intervention in any form, be it on border controls or gay marriage, so it is perhaps no surprise that the Kochs would challenge President Trump on tariffs.
During the election, Charles Koch likened the choice between Donald Trump and Hillary Clinton to "cancer or heart attack", focusing their finances on the senate and congressional races.
Since his election many of Mr Trump's policies chime with the brothers' long battle for small government, such as his tax reforms and repeal of environmental regulations. Tim Phillips, the president of one of the Koch network's groups Americans for Prosperity, acknowledged "positive steps" from the Trump administration, but added "tariffs will undercut that progress and needlessly hamstring our full economic potential".
In a March opinion piece in the Washington Post, Charles wrote: "Countries with the freest trade have tended to not only be the wealthiest but also the most tolerant. He said his interests in steel meant he would gain from tariffs - but he opposed them anyway.
The Koch brothers and their millions of dollars tossed at them or Donald Trump? An unemployed politician doesn't know what to do with himself when he's out of politics," he said. Charles himself shows little sign of slowing down, but when he does there is a new generation of Kochs such as his son Chase, who heads yet another Koch Industries offshoot - Koch Disruptive Technologies.
Sound familiar? Charles Koch: "Allowing people the freedom to pursue their own interests within the limits of just conduct is the best and only sustainable way to achieve societal progress. For individuals to develop and have a chance at happiness, they must be free to make their own choices and mistakes, rather than be forced to accept choices made for them by others.
David Koch: "It's something I grew up with - a fundamental point of view that big government was bad, and that the imposition of government controls on our lives and economic fortunes was not good. Harry Reid, former Democrat Senate majority leader: "They are trying to buy America, and it's time that the American people spoke out against this terrible dishonesty of these two brothers who are about as un-American as anyone that I can imagine.
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In addition to their industrial endeavors, the Koch family is active in philanthropic and political activities. The various foundations and charities fund academic research, culture, civic and educational projects, and conservative causes.
The David H. Koch Foundation also funds medical research. The Koch Cultural Trust funds the arts and provides grants to artists and musicians. The Koch brothers are perhaps best known for Americans for Prosperity , the libertarian and conservative policy group funded and founded in part with their money, impetus, and influence in It has been said to fuel the rise of the Tea Party. By providing your email, you agree to the Quartz Privacy Policy. Skip to navigation Skip to content.
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