|€ 55 million
|Country of origin:
|Source of wealth:
Gerald Hörhan, born on October 28, 1975 in Vienna, is an investor from Austria. As a graduate of the Mathematics and Statistics course at Harvard, he is known as “Investment Punk”.
He became known for his first book Investment Punk, a bestseller in Germany and Austria. Hörhan is very often a guest of German and Austrian television programs, in which he explains how to invest your money and become a multimillionaire. His rebellious image and knowledge make him an atypical person. Before he was 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 studied at Harvard in 1998, where he studied mathematics and statistics before receiving his diploma with very honorable mention.
He worked for one 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 the IPO. He also managed the international company Pallas Capital in Vienna. Gerald Hörhan also worked on Wall Street, where he carried out a total transaction of one billion euros. His book Investment Punk made him known to the German and Austrian audience. 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 financial school with Harald Psaridis. On January 31, 2013, in the very popular Galileo program in Germany, he was given a full report on “How to Get Rich Despite the Crisis”.
He takes care of his punk look and provocative style, which is very unusual for a person with such a 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 debts that lead to ruin. This development, which was first known in the USA, was followed by Austria and Germany. This trend led to the 2007 crisis.
He explains his conviction in a very provocative way that people lack economic training. According to him, young people study history, poetry and art and neglect finances, which disadvantages them and does not allow them financial independence: for example to live from passive income.
Gerald Hörhan is an independent investment banker and has been the owner and managing director of the Danube Advisory Group since 2003. Previously, he worked as a statistical assistant at Harvard University. Gerald Hörhan was also a consultant at Monitor, a merger and acquisition analyst at JP Morgan New York and a consultant for corporate finance projects at MCKinsey & Co. Frankfurt as well as a partner and co-owner of the Qino Group London / Zug-CH / Vienna and a partner in a Swiss private equity Funds.
Gerald Hörhan also fulfills many other important functions. Among other things, he is co-owner and member of the Board of Directors of Holding Pallas Capital AG, member of the supervisory board and constituent board of various companies, co-owner of one of the largest book publishers in Austria and real estate investor in Germany. At the Math Olympiads, he won gold in Austria and silver international. Gerald Hörhan has also published various publications in German and English. Mr. Hörhan also gives 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 by the Frankfurter Allgemeine Zeitung, in which publisher Philippe Kron wrote that the wisdom of his book could be stored in a ten-page folder. In his final assessment, he called Herkhan’s work a book for masochists. Kristof Kapalschinski, a reviewer of the 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 to the intelligentsia. The reaction in the Austrian media was milder. The daily newspaper “Die Presse” interviewed the author extensively on the theses of his book. In the Wiener Zeitung, Christian Ortner described Hörhan’s second book “Gegengift” as an easily understandable, extremely useful book, especially for economically unknown readers. The advice was credible and trustworthy, even though the book was written in a dark style.
For his latest publication, Hörhan was looking for new allies, namely the Austrian Economic Center, which is currently massively 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 advisor to the FPÖ in Innsbruck, is an integral part of this “institution”. Of course Herkhan has adapted the “message” of his new book to what his friends in business like to hear: “At the moment we have a very unusual redistribution: from“ hard-working to lazy ”and from“ bad hard-working ”to“ badly lazy ”. This is dangerous because productivity is no longer rewarded.