"Inside Charles Koch's Billion-Dollar Philanthropic Legacy"
Billionaire Charles Koch, chairman and co-CEO of Koch Industries, has revealed his secret plan for passing on his fortune and influence. He has already transferred equal amounts of his nonvoting Koch Industries shares to his son Chase and daughter Elizabeth. The rest of his wealth will go towards funding his free-market focused charities and causes. After Charles' death, Chase will inherit all of his father's voting stock, giving him 42% control of Koch Industries. Chase's venture capital subsidiary, Koch Disruptive Technologies, will play a significant role in the company's future. Charles dismisses speculation that Chase will replace him as CEO, stating that Chase wants to focus where he can contribute the most. Charles' nonprofit network, Stand Together, is run by another protege, Brian Hooks.