Princely House of Liechtenstein: Succession and Wealth

[Blog Real]

The House Law of the Princely House of Liechtenstein regulates, among other things, the hereditary succession to the throne, the age of majority and guardianship.

The Princely House of Liechtenstein has had house law regulations for centuries. The House Law in force today dates from 1993 and cannot be amended or repealed either by the Constitution of the Principality or by intergovernmental treaties. Modifications require a two-thirds majority of all members of the Princely House with voting rights.

The Prince as Head of the Family:
The Reigning Prince is Ruler of the Princely House of Liechtenstein, Head of State and Chairman of the Princely Foundations. As head of the family, the Prince watches over the "reputation, honour and welfare" of the Princely House of Liechtenstein according to the House Law.

The succession to the throne:
The House Law also regulates the succession to the throne after primogeniture. Accordingly, the heir to the throne is always the first-born from the oldest line. If a line expires, the second closest line of the common closest ancestor follows. This succession rule has existed since 1606. On the death of the head of the family, his eldest son assumes the duties of regent of the Princely House, head of state and chairman of the Princely Foundations.

The Prince may appoint the next prince of full age entitled to succeed him as his deputy. This may be the case if the Prince is temporarily prevented from attending or may serve to prepare the hereditary Prince for succession to the throne. In the spirit of early succession planning, Prince Hans-Adam II entrusted Hereditary Prince Alois on 15 August 2004 with the exercise of sovereign rights and appointed him as his Deputy.

https://fuerstenhaus.li/en/princely-house/house-law/

The House Law of the Princely House (only available in German)
https://www.gesetze.li/konso/199310...ext&lrnr=&lgblid_von=&observe_date=02.09.2021

 

[Blog Real]

Prince Hans-Adam is head of the royal family that owns LGT Group, a closely held bank in Liechtenstein, where he's also chief of state. The Vaduz-based company had assets under management of 285.8 billion Swiss francs ($313.3 billion) in 2021, and offers wealth management services in Europe, Hong Kong and Singapore.
LGT Group is owned by the Prince of Liechtenstein Foundation, a for-profit entity that manages the royal family's assets. The foundation also owns other assets including arable land in Austria.
https://www.bloomberg.com/billionaires/profiles/prince-hansadam/

LGT bank official website:
https://www.lgt.com/at-en

 

[Blog Real]

The Princely House of Liechtenstein has a broadly diversified international portfolio of companies which form the cornerstone of the Princely Assets.

The Princely House’s enterprises include agricultural and forestry businesses, sustainably committed holdings and an extensive real estate portfolio with castles and palaces of historical significance. Various businesses are united in the Liechtenstein Group, which is active in the business areas of agriculture and food as well as forestry, renewable energies and real estate. In addition, LGT, the world's largest private banking and asset management group, entirely owned and managed by one family, is one of the companies of the Princely House.

https://fuerstenhaus.li/en/the-engagements/the-princely-house-as-an-entrepreneur/

Liechtenstein Group
https://www.lgroup.com/en/startseite.html

LGT Capital Partners (Asset Management)
https://www.lgtcp.com/

Lightrock (Impact Investing)
https://www.lightrock.com/

LGT Venture Philanthropy
https://www.lgtvp.com/en/

 

[Tatiana Maria]

Thank you for starting this informative thread, Blog Real.

The House Law of the Princely House (only available in German)
https://www.gesetze.li/konso/199310...ext&lrnr=&lgblid_von=&observe_date=02.09.2021

The English translation of the house law can still be read here:

https://web.archive.org/web/2016030...li/en/fuerstenhaus/geschichte/hausgesetz.html

I don't know why the Princely House removed it from its website.

 

[Blog Real]

As LGT explains in a press release, consolidated profit increased to CHF 223 million in the first half of 2023. At the end of June, LGT had assets under management worth CHF 305 billion, and the value of assets under management exceeded the CHF 300 billion mark for the first time.
Demand for advice on equity issues at LGT remained high and the private bank was able to expand its business with clients.
LGT Group's gross profit increased to CHF 1,234 million in the first half of 2023. At CHF 741 million, revenue from the commissions and services business was 5% lower than in the same period of the previous year.
https://www.vaterland.li/liechtenstein/wirtschaft/lgt-weiter-auf-wachstumskurs-art-540413

 

[SirGyamfi1]

What is the purpose of this thread?

 

[Toledo]

What is the purpose of this thread?

For me it's interesting to know how a small monarchy has been able to survive and make its royal family self-sufficient using investments, not public taxes on the people.

 

[Toledo]

https://fuerstenhaus.li/en/the-engagements/the-princely-house-as-an-entrepreneur/

Liechtenstein Group
https://www.lgroup.com/en/startseite.html

LGT Capital Partners (Asset Management)
https://www.lgtcp.com/

Lightrock (Impact Investing)
https://www.lightrock.com/

LGT Venture Philanthropy
https://www.lgtvp.com/en/

Amazing, the Princely House not only employs hundreds of people investing in corporations to improve the world, but they also have a diversity on genders, races and age groups.

 

[SirGyamfi1]

For me it's interesting to know how a small monarchy has been able to survive and make its royal family self-sufficient using investments, not public taxes on the people.

It’s easy because the country is a tax haven like Monaco. Plus it is in an economic union with Switzerland. There’s no military to fund. Additionally, it is a country of only 40, 000 people. The family had to get into banking because of the confiscation of their Czech properties by unfriendly regimes and to fix up their remaining properties. Additionally, they had to sell valuable artworks and jewels to manage. They earned from their Czech properties but they don’t have them so had to diversify and find new sources of income.

 

[victor1319]

It’s easy because the country is a tax haven like Monaco.

It is not so easy, to make money from a little state, if nobody pays taxes! You know, what I am saying?

The Liechtensteins are very successful bankers - yet there are always banks going bankrupt...

They are simply very good in what they are doing!