Dirk Müller Net Worth 2023

Capital: € 10 million
Age: 51
Born: 10/25/1968
Country of origin: Germany
Source of wealth: Entrepreneurs
Last updated: 2023

Short creation

Dirk Müller, born on October 25, 1968 in Frankfurt am Main, is a inventory dealer, fund supervisor and author. He is across the world referred to as Mr. DAX and Dirk of the DAX due to the fact his paintings region become immediately below the commercial of the DAX at the Frankfurt inventory alternate. Journalists have used his facial expressions to offer the marketplace situation. In 2015 he based an fairness fund – the Dirk Müller Premium stocks.

Early life

Müller become born in Frankfurt am Main and grew up in Reilingen withinside the Rhein-Neckar district, in which he nevertheless lives. He graduated from excessive faculty at Carl-Friedrich-Gauß-Gymnasium in Hockenheim after which commenced schooling as a financial institution clerk and monetary assistant at Deutsche Bank in Mannheim. In 1993 Müller surpassed the alternate dealer examination. He then labored till 1997 as a broking for Finacor-Rabe & Partner, then for Cantor Fitzgerald International and from 1998 to 2008 as an authentic inventory dealer at the Frankfurt Stock Exchange for ICF AG.

Career

In 2008, Müller switched to mwb fairtrade AG, in which he labored till 2010. Since 2009 he has been the proprietor and handling director of Finanzethos GmbH, a agency that runs the internet site cashkurs.com. Müller posted his first book, Crashkurs, in 2009, which become written in reaction to the 2007-2008 monetary disaster. The a success e-book made him known. His 2d book, Cash Course, become posted in 2011 and shortly have become a bestseller and no 1 at the listing of mirrors. Müller become one in every of 8 specialists on a committee of the German Bundestag on June 27, 2011, which aimed to save you hypothesis with agricultural uncooked materials. On April 17, 2015, Müller based his very own fairness fund, Dirk Müller Premium Aktien. While the fund misplaced 7% withinside the first year, it outperformed the DAX, which misplaced sixteen%, over the identical period. Müller is married and the couple have a son.

The fairness fund Premium Equities (ISIN DE000A111ZF1) become based on April 17, 2015. The fund introduced a lack of 7 percentage withinside the first year, however become considerably higher than the DAX charge dynamics (minus sixteen percentage). Müller stated the portfolio become insured with alternatives and plenty of reserves had been to be had for reasonably-priced investments. He rejects sure investments which include guns shares for moral reasons.

Two years after the fund become launched, its stocks misplaced greater than ten percentage in their value, despite the fact that markets – just like the MSCI World with a 2% increase – grew over the identical period. In July 2017, the fund`s capital become round EUR 70 million, 1/2 of of which become invested withinside the generation and healthcare sectors. Compared to the preceding year, the fund become one of the remaining locations amongst all worldwide fairness price range.

The fund took 2d region withinside the international contrast take a look at in November 2018. With its fund, which now stands at 107 million euros, it earned 10.3% remaining year, even as the Dax misplaced twelve percentage (MSCI World – 8.20%). Mueller explains this together along with his careful approach to hedge futures risks. While Dax reached 18% in 2018, Mueller price range contributed 8.57% over the identical period. In 3 years, however, his fund simplest again 2.04%, that is worse than 55% for similar price range.

Career highlights

In the context of the euro disaster, he believes that the cutting-edge monetary machine is “on the end” and need to be “restarted” each year. Mueller himself describes this as a “restart”. In a piece of writing for Compact, a right-wing populist magazine, Müller stated in 2011 that Wall Street become focused on large managed assaults towards Europe. He additionally anticipated that the battle in Iran will be the subsequent logical step. Nor does he agree with that the euro is useful for all Germans and promotes European unification. In his opinion, the creation of the euro become too early and become a “cardinal error”. For Germany, now no longer simplest the mark, however additionally the “major euro” is viable. The debt restructuring of Greece and the viable go out of the us of a from the euro are inevitable. Müller criticized the alleged incompetence of the politicians. He stated: “Most [politicians] haven’t any concept what`s going on,” and “our main financial studies institutes don`t even understand the recession while it`s been raging for 6 months. ”

Greek disaster

In reference to the Greek disaster, Müller become of the opinion in 2011 that banks ought to not carry out their features withinside the actual financial system due to the fact that they’d discovered not anything from the primary monetary disaster. Müller accused the politicians of simplest enriching themselves withinside the disaster and suspending troubles with the intention to delay the inevitable. He referred to as on politicians to loose themselves from banks. Taxpayers are not going to be accountable for financial institution errors.

Monetary machine

According to Müller, the principle hassle of such crises is compound hobby and the introduction of cash with the aid of using personal banks as debt. It gives a whole restructuring of the prevailing forex machine via a sovereign forex machine. He sees different upgrades and options withinside the banking machine, in nearby cash (Chiemgauer) and in tax possibilities concerning wages and project capital.