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The 58-year-old investor has recently made headlines due to a judicial investigation. Only in April did he lose a lawsuit for damages against the state of Burgenland, which reported him to the WKStA. This was about a non-profit housing cooperative. The accusation: The Upper Austrian is said to have extorted money from the state. His name also came up in the course of the investigation of his lawyer, former Minister of Justice and later constitutional judge Wolfgang Brandstetter: Michael Toner.
Now, the grey-haired man, who is virtually unknown to the public, is having to face uncomfortable questions again. Battery maker VartaThe company, in which Teuner holds a majority stake, has become grounds for restructuring. Varta needs 100 million euros in new capital and a thorough restructuring.
Tojner is on the cover of Forbes. “Austria’s Mister 300 Percent”
© Forbes
Is the multi-investor a role model entrepreneur or a speculator? Tojner showed a talent for business very early. At the age of 20, he ran an ice cream stand in a busy part of Vienna and became a millionaire within a few years. The son of a plumber, he grew up in humble circumstances in The Hague, Lower Austria, studied law and business administration in Vienna and received his doctorate from two faculties. The fact that his career would focus on equity financing was already evident in his doctoral thesis entitled “Business and Legal Analysis of Venture Capital”. Tojner is the co-founder of bwin and Global Equity Partners and has invested in more than 50 young companies. In 2006, he founded the Montana Tech Components industrial group, which includes the companies Alu Menziken, Universal Alloy Corporation, Asta, Alpine Metal Tech, Aluflexpack – and Varta. One of his many companies (located on Mariahilfer Straße in Vienna) is called Erzengel Michael Beteiligungsverwaltung. Since 1986, Teutner has been a member of KAV Bajuvaria Vienna, the Catholic student association of the Austrian cartel.
Tojner has also been active in the real estate business since the 1990s. The most famous projects are the purchase of the InterContinental Vienna in the City Park and the old post office in the Dominican Fortress. Club 20 Initiated an event format in which top guests from business, politics, industry and science discuss current economic and socio-political topics. The double doctor also serves as a member of the Supervisory Board of the Dorotheum auction house. Under the leadership of President Alexander Wrabetz, the married father of six children became a member of the Executive Committee in 2022 Vienna Rapid SKdescribing him on his homepage as “one of the most successful entrepreneurs in the Republic”.
Tojner’s wealth is well over the billion mark. Trend magazine ranked him 29th in its list of the richest people in Austria in 2023 – with assets of 1.75 billion euros. After Red Bull founder Dietrich Mateschitz, Tojner is the second Austrian to appear on the cover of the American business magazine Forbes. Forbes calls him “Mr. 300% Austria”. Varta’s setback is unlikely to slow him down.
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