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Charles owns 42% of the company; trusts for the benefit of Elaine Tettemer Marshall (the daughter in-law of J. Howard Marshall) and Elaine's children, Preston Marshall and E. Pierce Marshall Jr., own 16% of the company. [7] [12] David Koch died on August 23, 2019, and his heirs own the remaining 42% balance of the corporation.
Charles de Ganahl Koch (/ k oʊ k / KOHK; born November 1, 1935) is an American billionaire businessman. As of February 2024, he was ranked as the 23rd richest man in the world on the Bloomberg Billionaires Index , with an estimated net worth of $64.9 billion. [ 4 ]
In 1983 the stock netted them $800 million in a sale to their brothers, Charles and David. [6] Legal disputes against Charles and David lasted some two decades. Bill and his eldest brother, Frederick, sided with J. Howard Marshall III, J. Howard Marshall II's eldest son, against Charles and David at one point, in order to take over the company ...
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In 1980, when Marshall's eldest son, J. Howard Marshall III, sided with Bill Koch, Frederick R. Koch and other collateral family members in dispute with Charles Koch and David H. Koch over making Koch Industries a public company and paying dividends, Marshall purchased back company stock from his son, given previously as a gift, for $8 million ...
Fred Chase Koch (/ k oʊ k / KOHK; September 23, 1900 – November 17, 1967) was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries, a privately held company which – under the principal ownership and leadership of Koch's sons Charles and David – would be listed by Forbes as the second-largest privately held company in the ...
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In 1980, the four sons of Fred C. Koch fought over control of Koch Industries, founded by their father. Marshall III sided with Bill Koch and Frederick R. Koch, while J. Howard Marshall II and E. Pierce Marshall sided with Charles Koch and David Koch. [1] Charles and David got control of the company in 1983. [1]