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Daniel Simon Aegerter (born July 20, 1969) is the chairman of Armada Investment Group, a family office that manages his wealth. In March 2000, at the height of the dot-com bubble, Aegerter sold Tradex Technologies, a company he founded, to SAP Ariba for $5.6 billion of stock, making Aegerter a billionaire on paper. Aegerter is a member of the World Economic Forum.

Daniel Simon Aegerter
Born
Daniel Simon Aegerter

(1969-07-20) July 20, 1969 (age 49)
OccupationChairman of Armada Investment Group
Known forFounder of Tradex Technologies
Billionaire on paper during the dot-com bubble

Contents

Early lifeEdit

Daniel Aegerter was born in Bern, Switzerland. His father, Simon, is the founder of the Swiss Science Center Technorama. At the age of 6, Daniel sold beer coupons on a flight to the United States and fished golf balls out of ponds to sell to golfers.[1]

CareerEdit

At the age of 18, Aegerter founded his first company, Megabyte.[1]

In 1988, at the age of 19, Aegerter founded Dynabit, an importer and distributor of Apple Macintosh peripherals, particularly for those used in electronic publishing. At that time, he was working as an intern for Swiss Bank Corporation.[2][3] He received a loan of 250,000 Swiss francs from Zug Cantonal Bank.[1]

In 1990, he moved to Tampa with his wife to start a computer trading business. Within 4 years, his company had $30 million in revenues.[4][1]

In 1996, he founded Tradex Technologies as an Internet-based system for automating the purchase of computer equipment distributed by Dynabit.

In December 1999, SAP Ariba agreed to acquire the company for $1.9 billion in stock.[5] By the time the deal closed in March 2000, the stock was worth $5.6 billion and Aegarter was a billionaire on paper.

After the dot-com bubble burst, Aegarter's fortune dwindled to 500 million Swiss francs.[1]

He formed Armada Investment Group, a family office to manage his wealth. He capitalized the company with $120 million.[1]

In 2009, Aegerter joined the advisory board of Exigen Capital, a private equity firm.[2]

Personal lifeEdit

Aegarter is married and has 2 sons. He owns a $12 million mansion in Küsnacht.

ReferencesEdit

  1. ^ a b c d e f "Daniel Aegerter – Milliardär mit 30 Jahren". A-N. March 13, 2014.
  2. ^ a b "Serial Entrepreneur Daniel S. Aegerter Joins Exigen Capital Advisory Board" (Press release). Marketwired. July 21, 2009.
  3. ^ Moran, Susan (September 1999). "The Enabler". Business 2.0.
  4. ^ "Crunchbase: Daniel Aegerter". TechCrunch.
  5. ^ "Ariba buys Tradex for $1.9B". CNNMoney. December 16, 1999.