Joseph Grendys
Name: Joseph Grendys
Occupation: Food and Beverage
Gender: Male
Birth Day: 1961
Age: 59
Birth Place: Chicago, Illinois, United States

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Joseph Grendys

Joseph Grendys was born in Chicago, Illinois, United States (59 years old). Joseph Grendys is a Food and Beverage, . Nationality: United States. Approx. Net Worth: $2.5 Billion. With the net worth of $2.5 Billion, Joseph Grendys is the #643 richest person on earth all the time in our database.

Net Worth 2020

$2.5 Billion
Find out more about Joseph Grendys net worth here.

Physique

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Biography

Biography Timeline

1973

Grendys started full-time at Koch Foods in the mid-1980s, when it had just 13 employees. The owner Fred Koch was one of his father's customers, having started Koch Foods in 1973, and offered him a 50% equity share in the business.

1984

He was educated at Holy Cross High School in River Grove, and worked at Koch Foods part-time while a student. In 1984, he received a bachelor's degree in Finance and Marketing from Loyola University.

1992

He bought out Fred Koch in 1992. Grendys' companies now slaughter, ship and sell chicken using the Koch Foods, Antioch Farms, Preferred Foods and Rogers Royal brands. Koch slaughters over 12 million chickens and processes over 50,000,000 pounds (23,000 t) of chicken every week.

2011

In 2011, Koch employed 14,000 people, had an annual turnover of $2.8 billion, and was one of America's five largest "fully-integrated chicken processors."

2014

In a 2014 interview, Grendys stated that he planned to acquire more companies and that he might branch out into another protein, but that he was "not sure what that protein would be yet." Rather than running a chicken company, he sees it as "the business of converting corn and soybeans into meat protein."

2019

His company Koch Foods has been dogged by accusations of racism and abusive working conditions. On August 7, 2019, U.S. Immigration and Customs Enforcement raided several food processing plants in Mississippi, one of which was the Morton plant of Koch Foods. Three buses were used to shuttle off workers alleged of being undocumented.

2020

In August 2020, Forbes estimated his net worth at US$2.3 billion.

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