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Koch Industries

June 26, 2013

Family business should not be confused with small business in the US

Size matters in the US, which is home to some of the world’s biggest family businesses. The country’s five largest family-controlled firms – Walmart, Ford, Cargill, Koch Industries and Comcast – had combined revenues of $911.9 billion (€694.8 billion) in 2012, more than Indonesia’s GDP.

September 25, 2012

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.
 
According to the Hurun Rich List, which tracks wealth in China, nearly half of the country’s 1,000 richest have seen their fortunes fall this year. The average wealth of the super-rich has dropped by 9% to $860 million (€665 million).
 

August 21, 2012

It’s a case of yeehaw for billionaire Bill Koch, who’s reportedly constructed his very own old West town.

It’s a case of yeehaw for billionaire Bill Koch, who’s reportedly constructed his very own old West town.

The tycoon’s replica town in Colorado comes complete with 50 buildings, including a saloon, jail, livery, church and train station – perfect for any aspiring cowboy.

Built on his 6,400-acre Bear Ranch property, it also features broad sideways and polished brass, according to the Denver Post.

March 8, 2012

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

That’s according to the latest Forbes billionaires list, released on 7 March, which showed that 14 of the top 20 on the list had family-controlled groups responsible for their wealth.

March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

September 22, 2011

Many of the US’s richest people have family businesses to thank for their huge fortunes, but the number of people who inherited their wealth on Forbes’s 2011 list of the wealthiest Americans has fallen.

Many of the US’s richest people have family businesses to thank for their huge fortunes, but the number of people who inherited their wealth on Forbes’s 2011 list of the wealthiest Americans has fallen.

June 15, 2011

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

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