Billionaire Energy Magnate Bill Koch Lists 52-acre Aspen Estate For $125 Million, Potentially Scoring $100M Profit

Bill Koch, a billionaire oil and investments mogul, might be worth $2 billion; however, even by his lofty standards, scoring an astounding $100 million profit takes some beating. That’s nearly the difference between the $26.5 million price he paid for his 52-acre mountain estate in celebrity-studded Aspen, Colorado in 2007 and his asking price of $125 million, The Wall Street Journal reported.

Granted, Koch did spend a lot on improvements, converting the estate to a private retreat and adding around 31 acres to the property, which is located about 10 miles from downtown Aspen and has a roughly 16,600-square-foot main lodge and seven cabins.

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White Hot Aspen Market

The white-hot Aspen market, which has seen a number of high-priced deals recently, is the reason the energy mogul decided to sell after toying with the idea for a while. Having first listed the compound for $100 million in 2015, Koch dropped the price in 2016 to $80 million, dividing the property into two deals — $60 million for the 52-acre parcel with the lodge and $20 million for the other 31 acres. He sold the 31 acres for $14.5 million in 2020 but took the lodge off the market. According to Zillow, the ranch was listed for rent in 2023 and 2024 for $35,000 a night or $300,000 a week.

Koch and his wife, Bridget Rooney Koch, also used the home themselves in the summer and winter, told The Journal, but as empty nesters now, they have decided to sell.

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[We] “looked at the strong housing market and figured it was time to let someone else enjoy it,” Koch said, adding, “On a square-foot basis, the median Aspen sale price is around $3,000, with a handful of luxury homes fetching $6,000 per foot. If we applied that to our 25,000 square feet, our asking price would be $150 million,” he said.

A Family Legacy And A Passion For Sailing

Though he is one of the four Koch brothers who once worked in the family’s energy business, Bill Koch is not one of the two brothers usually associated with the name. Those are Charles and Bill's twin, David.

Bill and brother Frederick were bought out of the family business in 1983 after a dispute with their brothers, and neither has been involved with the family foundations or Charles and David’s political or philanthropic network, for which the Koch brothers have become synonymous.

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A keen sailor, Bill Koch won the America’s Cup in 1992, defeating the Italian challenger Il Moro di Venezia. He heavily financed the undertaking and sailed on the winning boat surrounded by experienced crewmen. Koch was inducted into the America’s Cup Hall of Fame in 1993.

The Oxbow Group

Koch Industries is the second-largest privately held company in the United States. As of December 2022, Charles Koch was estimated to have a net worth of $66 billion, making him the 14th-richest person in the world. After leaving Koch Industries, Bill Koch became the founder and president of Oxbow Carbon LLC, an energy development holding company based in West Palm Beach, Florida.

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