Charles Koch is the co-owner, chairman of the board and CEO of Koch Industries, which produces a wide range of industrial and consumer products. He and David Koch each own 42% of the company.
Like most of the rest of the world, he badly underestimated Donald Trump.
And he deeply disagrees with Trump on such important issues as taxes, trade and foreign policy. He believes Trump’s proposed registry of Muslims would, as he told a reporter, “destroy our free society.”
His dislike of a potential Trump presidency is so deep he doesn’t know who he would support if Trump runs against Hillary Clinton. And Koch is no friend of Hillary’s.
What’s more, Trump is upsetting political plans Koch has been working on for years. He and his brother have been power brokers inside the Republican Party, using their money to promote their agenda. Through their Super PAC and their network of donors, they have $900 million dollars to spend electing a Republican president this year.
But Trump has his own wealth, and his own agenda.
Koch is also on record as disagreeing with Cruz’s plan to fight ISIS by carpet-bombing the population. He pointed the United States needed to make the “sea” of Muslim people unfriendly to terrorists, and bombing them wouldn’t accomplish that.
Charles Koch and his brother have dramatically grown the company they inherited from their father. When Koch took it over in 1967, it was worth $50 million. Now it’s worth $100 billion, and is the second largest privately held company in the United States.
According to Forbes Magazine, Charles Koch is the 4th wealthiest billionaire in the United States. And Number 29 on their list of most powerful people.
In 1974 he founded a think tank dedicated to promoting libertarian ideas that became the Cato Institute. Charles Koch has supported the Libertarian Party, but, like Ron Paul, decided it was more practical to work within the Republican Party to advance his principles.
According to an article in Slate, Koch is considering using his huge war chest to defeat Trump before it’s too late to stop the Donald. However, some of his own network supports Trump.
Koch had originally planned to stay out of the primaries, and simply support the candidate who won. But what will he do if that’s Donald Trump?