Who Is the Richest Man in New York? Is It Terry Pegula?
Not even close.
David Koch is the richest man in New York State, and he shares control of $115 billion in Koch Industries, the second-largest private company in America.
He does business with his brother Charles. It was founded as Wood River Oil and Refining Company in 1940, and later as Rock Island Oil & Refining Company and also own tons of other companies including Invista, Georgia-Pacific, Molex, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals and Matador Cattle Company.
At 75 years old, he has stepped down to Vice President of Koch.
So who are the Koch brothers?