|Estimated value:||€55 million|
|Country of origin:||Austria|
|Source of Wealth:||entrepreneur|
Gerald Hörhan, born on October 28th, 1975 in Vienna, is an investor from Austria. A math and statistics graduate from Harvard, he’s known as an “investment punk.”
He became known through his first book Investment Punk, a bestseller in Germany and Austria. Hörhan is very often a guest on German and Austrian television programs, where he explains how to invest your money and become a multi-millionaire. His rebellious image and knowledge make him an atypical person. Before the age of 30 he became a millionaire and owns more than 200 properties in the largest cities in Germany, but also in Vienna in Austria. Hörhan completed the Phi Beta Kappa course in 1997 and graduated from Harvard in 1998, where he majored in Mathematics and Statistics before receiving his Diploma with a very honorable mention.
He worked for a year as an investment banker at JPMorgan Chase & Co. in New York and as a management consultant at McKinsey & Co. in Frankfurt am Main. He advised several companies such as Goldentime on going public. He also managed the international company Pallas Capital in Vienna. Gerald Hörhan also worked on Wall Street, where he notably executed a total transaction of one billion euros. His book Investment Punk made him known to German and Austrian audiences. Hörhan has been a guest on various television platforms since 2010: for example on SWR, on NDR / Radio Bremen or on ZDF with Peter Hahne. From 2011 he taught at the finance school with Harald Psaridis. On January 31, 2013, the very popular program Galileo in Germany devoted a whole report to him on the topic “How to get rich despite the crisis”.
He takes care of his punk look and provocative style which is very exceptional for a person with such level of responsibility and education. Hörhan also founded his own school “Investment Punk Academy” where he teaches members how to get rich. For Hörhan, the middle classes are the biggest losers in economic development. Average-income employees consume through debt that causes them to bankrupt themselves. This development, which was first known in the USA, was followed by Austria and Germany. This trend led to the 2007 crisis.
In a very provocative way, he explains his conviction that people lack an economic education. According to him, young people study history, poetry and art and neglect finances, which disadvantages them and does not allow them financial independence: living on passive income, for example.
Gerald Hörhan is an independent investment banker and has owned and managed the Danube Advisory Group since 2003. He previously worked as a statistical assistant at Harvard University. Gerald Hörhan was also a consultant at Monitor, a mergers and acquisitions analyst at JP Morgan New York and a consultant on corporate finance projects at MCKinsey & Co. Frankfurt, as well as a partner and co-owner of Qino Group London / Zug-CH / Vienna and a partner in a Swiss private equity firm fund.
In addition, Gerald Hörhan fulfills many other important functions. Among other things, he is a co-owner and member of the board of directors of Holding Pallas Capital AG, a member of the supervisory board and constituent board of various companies, co-owner of one of the largest book publishers in Austria and a real estate investor in Germany. At the Math Olympiads he won gold in Austria and silver internationally. In addition, Gerald Hörhan published various publications in German and English. Mr. Hörhan also lectures at the Vienna University of Economics and Business, at the Institute for Entrepreneurship and Innovation and at the German Academic Foundation.
Hörhan received a negative response in a review of the Frankfurter Allgemeine Zeitung, in which editor Philippe Kron wrote that his book’s wisdom could be filed in a ten-page binder. In his final assessment, he called Herkhan’s work a book for masochists. Kristof Kapalschinski, a reviewer for Handelsblatt, suggests that the reader of the book hopes to become a victim of satire. In his opinion, the book is less offensive to the middle class than it is to the intelligentsia. The reaction in the Austrian media was milder. The daily newspaper “Die Presse” interviewed the author in detail about the theses of his book. In the Wiener Zeitung, Christian Ortner described Hörhan’s second book, Antidote, as an easy-to-understand, extremely useful book, especially for readers who are unfamiliar with the economy. The advice was credible and trustworthy even though the book was written in a somber style.
For his latest publication, Hörhan was looking for new allies, namely the Austrian Economic Center, which is currently heavily promoting his book Null Bock. Franz Wolf Wolfart, General Director of Novomatic, is a member of the Scientific Council of the liberal think tank. This is an offshoot of Frederick A. v. Hayek Institute. Barbara Colm, former adviser to the FPÖ in Innsbruck, is an essential part of this “institution”. Of course, Herkhan has adapted his new book’s “message” to match what his friends in business like to hear: “Currently we have a very unusual redistribution: from ‘hardworking to lazy’ and from ‘hardworking to badly lazy’. This is dangerous as productivity is no longer rewarded.
|Estimated value:||€55 million|