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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.
T he enormity of the Koch fortune is no mystery. Brothers Charles and David are each worth more than $40 billion. The electoral influence of the Koch brothers is similarly well-chronicled. The Kochs are our homegrown oligarchs; they've cornered the market on Republican politics and are nakedly attempting to buy Congress and the White House.