Jim Koch

Last updated • 2 min readFrom Wikipedia, The Free Encyclopedia

Jim Koch
Jim Koch 2013.jpg
Jim Koch in 2013
Born
Charles James Koch

(1949-05-27) May 27, 1949 (age 74)
Education Harvard University
OccupationBusinessman
Known forCo-founder and chairman of the Boston Beer Company
Spouses
Susan
(divorced)
(m. 1994)
Children4

Charles James Koch ( /kʊk/ KUUK ; born May 27, 1949) [1] [2] [3] is an American entrepreneur, billionaire, and the co-founder and chairman of the Boston Beer Company, the producers of Samuel Adams beer. Koch is widely considered to be the founding father of the American craft brewing movement. [4]

Contents

Early life

Koch was born in Cincinnati on May 27, 1949, [2] one of four children born to German-American parents Charles and Dorothy Koch (née Kautz). [1] Charles was a fifth-generation brewer. [2] Koch earned a Bachelor of Arts, Juris Doctor, and Master of Business Administration from Harvard University. [5]

Career

He is a former consultant with The Boston Consulting Group. He was formerly an Outward Bound instructor. In 1984, Koch co-founded the Boston Beer Company, the producers of Samuel Adams beer. [6]

Koch took Boston Beer company public in 1995 and owns a 19.5% stake in the company, giving him a net-worth of over $1 billion. In 2023 he was ranked #1905 in Forbes Billionaires 2023. [4]

In 2016, Koch published Quench Your Own Thirst: Business Lessons Learned Over a Beer or Two, in which he discussed how he left his career as a management consultant to start his own brewery using his great-great-grandfather's recipe. [7]

In August 2018, Koch said the corporate tax cut of 2017 helped to play a major role in making Boston Beer Company more competitive in regard to foreign competitors. Koch stated that "When I started Sam Adams, American beer was a joke, and it pissed me off. And now, American brewers make the best beer in the world. And the tax reform was a very big deal for all of us, because 85 percent of the beer made in the United States is owned by foreign companies." [8] [9]

Personal life

Koch's marriage to his first wife, Susan, ended around the time he started the Boston Beer Company. [10] [11] He remarried to entrepreneur Cynthia Fisher in 1994. [12] [5] He has two children from his first marriage and two from his second. [13] They live in Newton, Massachusetts. [14] [15]

Koch is unrelated to Stone Brewing Co. cofounder Greg Koch. [16]

Works cited

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References

  1. 1 2 The Boston Beer Company (June 15, 2011). "Charles Koch, Director of The Boston Beer Company Dies at 88" (Press release). PR Newswire . Retrieved October 8, 2022.
  2. 1 2 3 Brooks, Jay R. "The Oxford Companion to Beer definition of Koch, Jim". Craft Beer & Brewing. Retrieved October 8, 2022. Jim Koch was born in Cincinnati in 1949...
  3. Brooks, Jay (May 27, 2022). "Beer Birthday: Jim Koch". Brookston Beer Bulletin. Retrieved October 20, 2022.
  4. 1 2 "Jim Koch". Forbes. Retrieved August 2, 2021.
  5. 1 2 "Story Details - Alumni - Harvard Business School". May 11, 2017.
  6. "People: Boston Beer Company Inc (SAM)". Reuters . Retrieved May 13, 2017.
  7. BRAHAM, DAVID (September 28, 2017). "BOOK REVIEWS: QUENCH YOUR THIRST, DISTILLED, THE DESTRUCTIVE POWER OF FAMILY WEALTH". campdenFB. Retrieved May 29, 2020.
  8. "Remarks by President Trump Before Dinner with Business Leaders". whitehouse.gov . August 8, 2018. Retrieved August 16, 2018 via National Archives.
  9. Andersen, Travis; Chesto, Jon (August 9, 2018). "Boston Beer boss tells Trump that tax cut helps his company 'kick ass'". The Boston Globe . Retrieved August 9, 2018.
  10. Koch 2016 , p. 102: "My wife Susan and I split up as I was launching the company."
  11. Gerber, Scott (October 21, 2015). "The Unlikely Sales Incentive That Launched Sam Adams Beer". Inc.com.
  12. Koch 2016 , p. 118: "My wife Cynthia (whom I had married in 1994 and was an entrepreneur herself)..."
  13. "CNN.com - Career - Samuel Adams brewer Jim Koch: Beer career - March 16, 2001". www.cnn.com.
  14. "Newton resident Jim Koch thanks Trump for lowering taxes | Village 14". August 8, 2018. Archived from the original on November 20, 2020. Retrieved July 16, 2019.
  15. Williams, DeMarco. "Samuel Adams Founder Jim Koch Talks Beer And Boston". Forbes.
  16. "Greg Koch". RateBeer. February 22, 2002. Retrieved October 26, 2017.

Sources