The Prince of Liechtenstein Foundation is a portfolio of private companies, museums, and art collections owned by the

Princely Family of Liechtenstein The House of Liechtenstein, from which the principality takes its name, is the family which reigns by hereditary right over the principality of Liechtenstein. Only dynastic members of the family are eligible to inherit the throne. The dynasty's m ...

. It is essentially a cap for a multitude of investments, such as the

LGT Group LGT Group is the largest family-owned private banking and asset management group in the world. LGT, originally known as The Liechtenstein Global Trust, is owned by the princely House of Liechtenstein through the Prince of Liechtenstein Foundation ...

, the ''Hofkellerei'' wineries, Wilfersdorf Agricultural and Forest Company,

RiceTec RiceTec Inc. is a private American company based and headquartered in Alvin, Texas, that develops and produces hybrid (biology), hybrid rice seed for the American and various international markets. RiceTec previously owned the consumer brand name ...

, and

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

holdings in

Vienna, Austria en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

. As of 2012, there were 15 companies and 2 museums owned by the Foundation. In late 2009, rumors speculated that the foundation was attempting to purchase rights to

Vaduz FC Vaduz ( or , High Alemannic pronunciation: [])Hans Stricker, Toni Banzer, Herbert Hilbe: ''Liechtensteiner Namenbuch. Die Orts- und Flurnamen des Fürstentums Liechtenstein.'' Band 2: ''Die Namen der Gemeinden Triesenberg, Vaduz, Schaan.'' Hrsg. ...

. However, this has never been confirmed or denied, as of late 2012. The Foundation also plays national heritage and political roles, opening up a Liechtenstein culture museum, selling the political books that support the princely family, and funding right-leaning politicians.

Overview

The foundation is a

Vaduz Vaduz ( or , High Alemannic pronunciation: [])Hans Stricker, Toni Banzer, Herbert Hilbe: ''Liechtensteiner Namenbuch. Die Orts- und Flurnamen des Fürstentums Liechtenstein.'' Band 2: ''Die Namen der Gemeinden Triesenberg, Vaduz, Schaan.'' Hrsg. ...

-based establishment, created in 1970, to manage assets of the Princely Portfolio. 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. Before becoming CEO, Prince Philipp was a well-known

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

investor, working at the head of many influential investment firms. However, Prince Hans-Adam II is still the main beneficiary of the foundation at the present time.LGT report, 2008, Page 30
The chairman of

Pearson PLC Pearson plc is a British multinational corporation, multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s.J. A. Spende ...

Glen Moreno Glen Richard Moreno (born 24 July 1943)https://beta.companieshouse.gov.uk/company/03087587/filing-history (see page 13 of 09 Sep 2015 entry) is an American businessman. Moreno has worked for several large companies in the United States and the Un ...

, is on the

board of trustees A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

at the foundation and also LGT Group.

Cuno Pümpin Cuno Pümpin (born 21 August 1939) is a Swiss economist, entrepreneur and consultant. He was born in Basel, Switzerland. Background Cuno Pümpin was the second son of Fritz Pümpin (born 1901 in Gelterkinden, died July 5, 1972 in Gelterkinden) ...

is the chairman of the

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

at Invision Private Equity AG; he is also a member of the board of trustees at the foundation and LGT Group.

List of companies

Here is a list of all foundation companies; they are: * Forestry Kalwang * Hofkellerei Vaduz * Hofkellerei Wilfersdorf *

* Liechtenstein Energie GmbH & Co KG * LIECO GmbH & KG * Palais Liechtenstein GmbH * Real Estate Administration Vienna *

* Van Eck Publishers *

Wilfersdorf Agricultural and Forest Company Wilfersdorf is a town in the district of Mistelbach in the Austrian state of Lower Austria Lower Austria (german: Niederösterreich; Austro-Bavarian: ''Niedaöstareich'', ''Niedaestareich'') is one of the nine states of Austria, located in the n ...

Museums

Here is a list of all Foundation museums, they are: * ''Liechtenstein Royal Museum'' *

Liechtenstein Museum The Liechtenstein Museum is a private art museum in Vienna, Austria. It contains much of the art collection of its owners, the House of Liechtenstein, Princely Family of Liechtenstein, rulers of the principality of Liechtenstein. It includes import ...

* Liechtenstein Museum of Fine Arts (Art exhibit only)

References

External links

* 1970 establishments in Liechtenstein Economy of Liechtenstein Foundations based in Liechtenstein {{Liechtenstein-stub