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Koch Brothers Start a Family Office

Charles Koch and his brother David Koch has become a very important parcel of the United States. The two are very active in American politics, and most of the time, they have helped the conservatives in the American politics.

2016 is an important year for the Americans. They will be going for general elections come November, so the two billionaires have had to change their strategies in order to fit in the minds of the American citizens. Charles Koch has been quite when it comes to their private lives, and many people in America did not know a lot about them.

This year, Charles Koch has been open, giving their portfolio to some of the most popular newspapers and even doing interviews on television so that the American citizens can understand them better. They have also started a political machine that has spread like wildfire in the whole nation, and experts say that this will play an important role in the upcoming generation elections expected to take place this November.

The Koch Brothers are believed to have inherited their wealth from their father their father. At the moment, the brothers, aged 80 and 75 have increased the amount of wealth inherited, and they have even gone ahead and started a family office to take charge of the family inheritance. Harry Koch, one of the grandsons, is the person in charge of the initiative, known as1888 Management LCC. Harry is currently a newspaper publisher based in Texas, and the whole responsibility of the office lies on his shoulders.

At the moment, it is still not clear how much the office will be in charge of. Individuals who are familiar with the 1888 initiative estimate the amount to be around two billion dollars, but the regulatory filings from the institution have shown less than one hundred million in the traded stocks that have been announced publicly. In the past, the initiative was operated outside the treasury division of the Koch Industries, and at the moment, it has registered to operate in Florida, California and at the base of the Koch’s at Kansas.

This article recapped http://www.bloomberg.com/news/articles/2016-03-15/the-billionaire-koch-brothers-have-a-hot-new-number-1888
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