Prince of Liechtenstein Foundation explained
The Prince of Liechtenstein Foundation is a portfolio of private companies, museums, and art collections owned by the Princely Family of Liechtenstein.[4] [5] It is essentially a cap for a multitude of investments, such as the LGT Group, the Hofkellerei wineries, Wilfersdorf Agricultural and Forest Company, RiceTec, and real estate holdings in Vienna, Austria.[6] As of 2012, there were 15 companies and 2 museums owned by the Foundation.[6] [7] [8]
In late 2009, rumors speculated that the foundation was attempting to purchase rights to Vaduz FC.[9] However, this has never been confirmed or denied, as of late 2012.[10] The Foundation also plays national heritage and political roles, opening up a Liechtenstein culture museum,[11] selling the political books that support the princely family,[12] and funding right-leaning politicians.[10]
Overview
The foundation is a Vaduz-based establishment, created in 1970, to manage assets of the Princely Portfolio.[13] Prince Hans-Adam II was head of the foundation from 1970 through 1984, until his brother Prince Philipp Erasmus succeeded him as CEO, Prince Philipp was also the CEO for LGT Group, before being replaced by his nephew Prince Maximilian in 2006.[14] Before becoming CEO, Prince Philipp was a well-known hedge fund investor, working at the head of many influential investment firms.[7] However, Prince Hans-Adam II is still the main beneficiary of the foundation at the present time.[15]
The chairman of Pearson PLC, Glen Moreno, is on the board of trustees at the foundation and also LGT Group.[16] Cuno Pümpin is the chairman of the board of directors at Invision Private Equity AG; he is also a member of the board of trustees at the foundation and LGT Group.[17]
List of companies
Here is a list of all foundation companies; they are:[6] [18] [19] [20]
- Forestry Kalwang
- Hofkellerei Vaduz
- Hofkellerei Wilfersdorf
- LGT Group
- Liechtenstein Energie GmbH & Co KG
- LIECO GmbH & KG
- Palais Liechtenstein GmbH
- Real Estate Administration Vienna
- RiceTec
- Van Eck Publishers Wilfersdorf Agricultural and Forest Company
Museums
Here is a list of all Foundation museums, they are:[21]
Notes and References
- Web site: Interview mit Seiner Durchlaucht Erbprinz Alois von Liechtenstein.
- Web site: Thomasson . Emma . Insight: Liechtenstein prince faces vote over veto power | Reuters . In.reuters.com . 2012-06-20.
- Web site: Top 10 richest politicians of the world . Luxurylaunches.com . 2011-10-10 . 2012-06-20.
- Web site: The Princely House of Liechtenstein . Fuerstenhaus.li . 2012-06-20.
- Web site: LGT Group - About us . Lgt.com . 2012-06-20 . https://web.archive.org/web/20111003092649/http://www.lgt.com/en/wir_ueber_uns/index.html?DCSext.nav_type=2 . 3 October 2011 . dead .
- Web site: Other Companies . 2012-02-13 . dead . https://web.archive.org/web/20120207023703/http://www.fuerstenhaus.li/en/unternehmen/ . 7 February 2012.
- Web site: Making royal progress. dead. https://web.archive.org/web/20060629202225/http://www.epn-magazine.com/news/fullstory.php/aid/665/Making_royal_progress.html. 29 June 2006.
- Web site: Fuerstenhaus. dead. https://web.archive.org/web/20120207023703/http://www.fuerstenhaus.li/en/unternehmen/. 7 February 2012.
- Web site: Soccer Forum . BigSoccer . 2012-06-20 .
- Web site: FHL News page . Fuerstenhaus.li . 2012-06-20.
- Web site: SFL . Sfl.at . 2012-06-20 . https://web.archive.org/web/20120802193627/http://www.sfl.at/de/index.html . 2 August 2012 . dead .
- Web site: The State in the Third Millennium . Fuerstenhaus.li . 2012-06-20.
- Web site: FHL contact form . Fuerstenhaus.li . 2012-06-20.
- Web site: Encyclopædia Britannica.
- http://www.lgt.com/export/sites/inta_lgtcom/de/wir_ueber_uns/lgt_portrait/publikationen/liechtenstein/geschaeftsberichte/Geschaeftsbericht_2008_Group_en.pdf LGT report, 2008, Page 30
- http://www.pearson.com/investor/ar2005/board/index.html Pearson
- http://www.invision.ch/en/index.php?/en/team/invision_board_of_directors.php Invision Board of Directors
- Web site: Palais Liechtenstein GmbH. dead. https://web.archive.org/web/20120509183036/http://www.fuerstenhaus.li/en/unternehmen/Palais_Liechtenstein_GmbH/. 9 May 2012.
- Web site: LGT Group - About us . Lgt.com . 2012-06-20 . https://web.archive.org/web/20120210005105/http://www.lgt.com/en/wir_ueber_uns/lgt_portrait/kultur_werte/index.html?DCSext.nav_type=5 . 10 February 2012 . dead .
- Web site: Links . Sfl.at . 2012-06-20 . https://web.archive.org/web/20110615080411/http://www.sfl.at/de/links/ . 15 June 2011 . dead .
- Web site: Liechtenstein. The Princely Collections . Liechtensteincollections.at . 2012-06-20.