Billionaires
William Koch Net Worth
William Ingraham Koch's Net Worth as of 2024
$1.24 Billion
William Ingraham Koch is an American businessman, art collector and sailor born on 3rd May 1940. He is the twin brother of David Koch, the executive vice president of Koch Industries, who bought out his brother’s share in the company in 1983. Bill Koch then formed his own carbon company, building a fortune from oil and other investments.
Have you ever wondered how rich William Koch is? According to sources it has been estimated that William Koch’s overall net worth is $1.24 billion, as of July 2017, accumulated initially thanks to his share in his father’s Koch Industries corporation. However, after developing his own company and business, William significantly increased his net worth in his own right.
William Koch Net Worth $1.24 Billion
William is the son of Fred C.Koch, founder of the oil refining business empire Koch Industries, and grandson of Harry Koch, a Dutch immigrant and founder of the “Quanah Tribune-Chief” newspaper and shareholder of Quanah, Acme and Pacific Railway. He went to Culver Academies in Culver, Indiana, and eventually graduated with BA and MA degrees and a PhD in chemical engineering from the Massachusetts Institute of Technology. At first, William worked in his family’s business, as he and his brother Frederick R. Koch inherited Koch Industries stock. In 1983 they decided to sell their shares to brothers David and Charles, and earned a sum of $800 million. However, the legal disputes between the brothers lasted for about two decades. Eventually, Bill and Frederick sided with J. Howard Marshall III, in their aim to take over the company. In 2001 the two brothers charged the Koch Industries for taking oil from federal and Indian land, which ended the dispute between the two sides. William received one third of the final settlement of $25 million, as CBS News reported.
After leaving his family business, Koch founded and became president of an energy development holding company – Oxbow Group. This company donated a sum of $750 000 to political action committee “Restore Our Future”, supporting Mitt Romney’s presidential campaign in 2011. Apart from this, William co-chairs the Alliance to Protect Nantucket Sound, which fights the project of building an offshore wind farm of 130 turbines. In addition to his activities as a businessman, Koch is also a sailor, art collector and activist. In 1992 his yacht “America 3” won the America’s Cup, which earned him a place in the America’s Cup Hall of Fame a year later. He also supports the Sea Scout program of the Boy Scouts of America. As a collector of arts and wine, William filed several suits against sellers of false wines. His art collection includes model ships, nautical instruments and paintings.
When it comes to his personal life, Koch married Joan Granlund in 1994 with whom he has a son, but the marriage ended in divorce in 2004. William remarried in 2005, this time to Bridget Rooney, the granddaughter of Art Rooney, the original owner of the Pittsburgh Steelers. They mostly reside in Palm Beach, Florida.
Billionaires
Warren Buffett Net Worth
Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage”, “Wizard” or “Oracle of Omaha”, as is currently ranked in the top three richest people in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.
So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in mid-2017 is estimated to be a very impressive $77 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company Berkshire Hathaway.
Warren Buffett Net Worth $77 Billion
Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.
Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.
Warren Buffett began his full-time working career as an investment salesman for Buffett-Falk & Co., then as a securities analyst in Graham-Newman Corp, and subsequently went on to work at Buffett Partnership, Ltd. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire – that year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.
Buffett’s first private investment was the department store Hochschild, Kohn and Co. However, it was Berkshire Hathaway that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all of Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world, and in 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.
In addition to the profits gained from his company, Buffett has accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the Bill and Melinda Gates Foundation co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as Nuclear Threat Initiative, Glide Foundation, and Buffett Foundation, created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.
Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Super Investors of Graham-and-Doddsville”.
In his personal life, Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.
Billionaires
Jefferey Hildebrand Net Worth
Jeffery Hildebrand is a successful American businessman, born in 1959, and best known as the founder, CEO and chairman of the Hilcorp Energy Company, which is now one of the largest oil and natural gas exploration and production companies privately-held in the US.
Have you ever wondered how rich Jeffery Hildebrand is? According to sources, it has been estimated that Jeffery Hildebrand’s overall net worth is $4.2 billion, accumulated through an outstandingly successful and lucrative career as an entrepreneur, since the early ‘90s. As he is still an active businessman, his net worth continues to increase.
Jeffery Hildebrand Net Worth $4.2 Billion
Jeffery attended the University of Texas at Austin, where he first earned a bachelor’s degree in geology in 1981 and then a master’s degree in petroleum engineering four years later. During his studies, Hildebrand was also a member of the Pi Epsilon Tau fraternity. His career beginnings were at the American Energy Capital Corporation, Exxon Company and the Dan A. Hughes Company.
However, his career really started moving upwards in 1989, when he founded Hilcorp Energy Company. This oil and gas exploration and production company, headquartered in Houston, soon became one of the leaders in the US. It now has operations in multiple states including the Rockies, the Gulf Coast and Northeast US, as well as Alaska. In 2011, the company sold its interests in Eagle Ford Shale to Marathon Oil for approximately $1.4 billion. Years after its foundation, it appeared on Fortune Magazine’s 100 Best Companies to Work For three years in a row – in 2013, 2014 and 2015. This proved to be true, as Jeffery gave each one of his 1400 employees a $100,000 bonus to thank them for their efforts in making his business the most profitable privately held oil and gas company in the US.
Apart from this, Hildebrand is a member of several other associations, including the Engineering Advisory Board, The National Petroleum Council, the Houston Energy Finance Group, the All American Wildcatters, the Independent Petroleum Association of America, the American Association of Petroleum Geologists, the Texas Independent Petroleum Royalty Owners Association, the Louisiana Independent Oil and Gas Association among many others. He was also appointed to the University of Texas Regent Wallace Hall in 2011.
The successful businessman that he is, Jeffery holds several other positions, on the boards of Central Houston, Inc. the Houston Livestock Show and Rodeo and the Houston Police Foundation. He is Vice-Chairman of the University of Texas Systems Board of Regents, chairman of the University of Texas Investment Management Company, and a member of the University Lands Advisory Board.
When it comes to his private life, Jeffery is married to Mindy; they have three children and reside in Houston, Texas. As for political involvement, since the beginning of the 2000s, Hildebrand has donated more than $360 000 to politician Rick Perry.
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