Born on this day in 1945, in July 1967 the Prince married Marie Aglaë, Countess Kinsky von Wchinitz und Tettau; together they would have four children - Prince Alois, Prince Maximilian, Prince Constantin, and Princess Tatjana. In 1969 His Serene Highness graduated from the University of St. Gallen with a degree in business and economics. It's not gone to waste; as the owner of the LGT Banking Group, he's considered one of the wealthiest heads of state in Europe, with an estimated personal fortune approaching $5 billion.
Since August 2004 Prince Alois - Hereditary Prince and Count of Rietberg - has begun undertaking many of the day-to-day duties in the very hands-on management of the principality; one of the last of the executive monarchies left in Europe, in March 2003 the Prince was granted even more powers as the result of a referendum. He had threatened to abdicate if not given the absolute power to dissolve the country's parliament, suspend any law or indeed any government minister... In the end the measure passed by a firm two-thirds majority.
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