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25 January 2024
WICHITA, Kan. (KSNT) – Kansas is home to the 16th richest man on the Forbes 400 Richest People in America list, Charles Koch. This is how much money Koch earns each second.
Koch has been the chairman and CEO of Koch Industries, America’s second-largest private company by revenue, since 1967. Koch Industries has some $125 billion in revenue from businesses including pipelines, chemicals, software, automotive components and Dixie cups, according to Forbes.
In 1983, Charles and David Koch bought their other two brothers’ stake in Koch Industries, reportedly for almost $800 million. Charles owns a 42% stake in Koch Industries. His brother David, who died in August 2019, also owned a 42% stake in the firm.
As of Jan 25, 2024, Charles and family have a net worth of $53.2 billion. This places Charles in the 25th spot for the richest individuals on earth, according to Forbes.
According to ProPublica, Charles earned an average of $213 million per year from 2013 to 2018. Based on the ProPublica figure, he earned this much money on average each year, month, day, hour, minute and second:
TimeAverage income (according to ProPublica)Per year$213,000,000Per month$17,750,000Per day$583,561Per hour$24,315Per minute$405Per second$6.75Figures provided courtesy of ProPublica.
Based on the latest data from the Bureau of Labor Statistics, the average annual wage for Kansans was $52,850/year in 2022. For the average Kansan, it would take 4,030 years to earn what Charles Koch earns in a year. As of 2022, the average life expectancy in Kansas was 75.2 years old. It would take around 53.5 Kansan lifetimes to earn what Koch earns in a year.