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Prince of Liechtenstein Foundation

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]

  • Liechtenstein Royal Museum
  • Liechtenstein Museum
  • Liechtenstein Museum of Fine Arts (Art exhibit only)

External links

References

  1. Interview mit Seiner Durchlaucht Erbprinz Alois von Liechtenstein retrieved 20 December 2012^
  2. Emma Thomasson. Insight: Liechtenstein prince faces vote over veto power In.reuters.com, retrieved 2012-06-20^
  3. Top 10 richest politicians of the world Luxurylaunches.com, 2011-10-10, retrieved 2012-06-20^
  4. The Princely House of Liechtenstein Fuerstenhaus.li, retrieved 2012-06-20^
  5. LGT Group - About us Lgt.com, retrieved 2012-06-20^
  6. Other Companies retrieved 2012-02-13^
  7. Making royal progress^
  8. Fuerstenhaus^
  9. Soccer Forum BigSoccer, retrieved 2012-06-20^
  10. FHL News page Fuerstenhaus.li, retrieved 2012-06-20^
  11. SFL Sfl.at, retrieved 2012-06-20^
  12. The State in the Third Millennium Fuerstenhaus.li, retrieved 2012-06-20^
  13. FHL contact form Fuerstenhaus.li, retrieved 2012-06-20^
  14. Encyclopædia Britannica^
  15. LGT report, 2008, Page 30^
  16. Pearson (Board of Directors, Annual Report, 2005)^
  17. Invision Board of Directors^
  18. Palais Liechtenstein GmbH^
  19. LGT Group - About us Lgt.com, retrieved 2012-06-20^
  20. Links Sfl.at, retrieved 2012-06-20^
  21. Liechtenstein. The Princely Collections Liechtensteincollections.at, retrieved 2012-06-20^