00:00 Liechtenstein is the wealthiest royal family in Europe and is one of the smallest countries in the world, sandwiched between Switzerland and Austria.

01:42 Liechtenstein is a micro-state with a small population and a rich history that dates back 900 years to the Liechtenstein family and the county of Vadoots.

03:16 Liechtenstein became an independent state in Napoleon's Confederation of the Rhine and later joined the German Confederation before becoming closely allied with the Austrian Empire until World War I.

04:44 During World War II, Liechtenstein remained neutral and brought back assets from other family holdings in Europe, but after the war, the country faced financial difficulties and had to sell off the family's art collection, including a Leonardo da Vinci painting, to raise money.

06:11 Liechtenstein is a tax haven with a high standard of living, a unique national day celebration, and has been accidentally invaded by Switzerland on multiple occasions.

07:35 Liechtenstein had no relations with Czechoslovakia during the Cold War and refused to recognize either the Czech Republic or Slovakia until 2009, and even today they still don't recognize the seizure of the land, which is now a UNESCO World Heritage Site known as the Lednitse Velitse Cultural Landscape, and the Liechtenstein family is the sixth richest royal family in the world primarily due to their extensive art collection and holdings in the LGT Group.

09:00 The Prince of Liechtenstein threatened to sell the country to Bill Gates before a constitutional referendum in 2003, raising the question of whether a billionaire could buy a sovereign country, although the country has been available to rent for corporate events for $70,000 per night.