The Wealth and History of Liechtenstein

TLDR Liechtenstein, a tiny country sandwiched between Switzerland and Austria, is the wealthiest royal family in Europe. Despite its small size, the country has a rich history dating back 900 years and has amassed its wealth through extensive art collections and holdings in the LGT Group.

Timestamped Summary

00:00 Liechtenstein is the wealthiest royal family in Europe, despite not being the most obvious choice, and this episode explores how they became so wealthy and why the country exists.
01:39 Liechtenstein is a tiny country sandwiched between Switzerland and Austria, one of only two countries in the world that are doubly landlocked, and it takes its name from the Liechtenstein family who have origins dating back about 900 years.
03:13 The country of Liechtenstein was originally the county of Vadoots and went through witch trials in the 17th century, before being combined with the lordship of Schellenberg to form the Principality of Liechtenstein in 1719, but the Prince of Liechtenstein never actually set foot in the territory for the first 100 years of its existence.
04:50 Liechtenstein became an independent state in Napoleon's Confederation of the Rhine after the Holy Roman Empire ceased to exist, and after World War I, they shifted their attention to Switzerland, their primary benefactor, and during World War II, Liechtenstein was officially neutral and took all of the assets they could from other family holdings in Europe and brought them back to the country.
06:23 Liechtenstein was the last country in Europe to allow women the right to vote, and today it is a monarchy with an elected parliament where the prince has more power than most monarchs in Europe, including the right to veto the parliament.
07:52 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.
09:23 Liechtenstein's wealth comes from their extensive art collection and holdings in the LGT Group, and while it is unclear if the country can be sold, it has been available to rent for corporate events for $70,000 per night.
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