Jim Koch

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Jim Koch
Jim Koch 2013.jpg
Jim Koch, 2013
Born (1949-05-27) May 27, 1949 (age 72)
Cincinnati, Ohio, US
EducationHarvard University
OccupationBusinessman
Known forCo-founder and chairman of the Boston Beer Company
Spouse(s)Susan (div.)
​
(m. 1994)​

C. James Koch (/kʊk/; born May 27, 1949) 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 brewery movement.[1]

Early life[]

Koch was born in Cincinnati, Ohio to Charles Joseph Koch Jr and Dorothy Kautz Koch.[2]

Koch earned a Bachelor of Arts, Juris Doctor, and Master of Business Administration from Harvard University.

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.[3]

Koch took Boston Beer company public in 1995 and owns a 26% stake in the company, giving him a net-worth of over $2.4 billion dollars. He is currently ranked #925 in Forbes Billionaires 2021.[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.[5]

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."[6][7]

Personal life[]

Koch was married to Susan but had split up around the time that he launched the company.[8][9] He remarried to entrepreneur Cynthia Fisher in 1994.[10][11] He has two children from his first marriage and two from his second.[12] They live in Newton, Massachusetts.[13][14]

Koch is unrelated to Stone Brewing Co. cofounder Greg Koch.[15]

Works cited[]

  • Koch, James (2016). Quench Your Own Thirst: Business lessons learned over a beer or two. New York: Flatiron Books. ISBN 978-1-250-07050-0. LCCN 2015046334.

References[]

  1. ^ "Jim Koch". Forbes. Retrieved 2021-08-02.
  2. ^ "Charles Koch Obituary - Cincinnati, OH | The Cincinnati Enquirer".
  3. ^ "People: Boston Beer Company Inc (SAM)". Retrieved 13 May 2017.
  4. ^ "Jim Koch". Forbes. Retrieved 2021-08-02.
  5. ^ BRAHAM, DAVID (28 September 2017). "BOOK REVIEWS: QUENCH YOUR THIRST, DISTILLED, THE DESTRUCTIVE POWER OF FAMILY WEALTH". campdenFB. Retrieved 29 May 2020.
  6. ^ "Remarks by President Trump Before Dinner with Business Leaders". whitehouse.gov. 2018-08-08. Retrieved 2018-08-16 – via National Archives.
  7. ^ Andersen, Travis; Chesto, Jon (2018-08-09). "Boston Beer boss tells Trump that tax cut helps his company 'kick ass'". The Boston Globe. Retrieved 2018-08-09.
  8. ^ Koch 2016, p. 102
  9. ^ Gerber, Scott (October 21, 2015). "The Unlikely Sales Incentive That Launched Sam Adams Beer". Inc.com.
  10. ^ Koch 2016, p. 118
  11. ^ "Story Details - Alumni - Harvard Business School".
  12. ^ "CNN.com - Career - Samuel Adams brewer Jim Koch: Beer career - March 16, 2001". www.cnn.com.
  13. ^ "Newton resident Jim Koch thanks Trump for lowering taxes | Village 14". August 8, 2018.
  14. ^ Williams, DeMarco. "Samuel Adams Founder Jim Koch Talks Beer And Boston". Forbes.
  15. ^ "Greg Koch". RateBeer. February 22, 2002. Retrieved October 26, 2017.

Sources[]


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