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Best Answer: Charles and David Koch own Koch industries and they are oil men. Their father, Fred started it as an oil refining company. The sons inherited it and together own over 80% of the company, therefore there is no board of trustees with any kind of executive power, it is all in the hands of the brothers.
Koch was born in Wichita, Kansas, the son of Mary Clementine (nÃ©e Robinson) and Fred Chase Koch, a chemical engineer. David's paternal grandfather, Harry Koch, was a Dutch immigrant who founded the Quanah Tribune-Chief newspaper and was a founding shareholder of Quanah, Acme and Pacific Railway. David is the third of four sons, with elder brothers Frederick R. Koch, Charles Koch, and nineteen-minute younger twin Bill Koch. Among his maternal great-great-grandparents were William Ingraham Kip, an Episcopalian bishop, William Burnet Kinney, a politician, and Elizabeth Clementine Stedman, a writer.