page_title: Prince Ernst August of Hanover (born 1983)
section_title: Career and asset management
hierarchical_section_title: Prince Ernst August of Hanover (born 1983) / Career and asset management
caption_attribution_description: Deutsch: Vor einem Ölgemälde mit dem Brustbild von Gottfried Wilhelm Leibniz nach dem Maler Andreas Scheits enthüllt Ernst August von Hannover, Herr von Schloss Marienburg, während der Pressekonferenz am 12. September 2016 in der Schlossbibliothek den letzten Abguss der 1788 von dem hannoverschen Bildhauer Johann Gottfried Schmidt geschaffenen Büste des Universalgenies ...
context_page_description: Ernst August, Hereditary Prince of Hanover is the eldest child of Ernst August, Prince of Hanover, and his former wife Chantal Hochuli.
context_section_description: Ernst August attended Malvern College and then studied history and national economy in New York City. After moving back to London he worked in the banking business for some years. Among other jobs, he worked with an open-end fund of the Islamic Investment Bank in Bahrain and with a London investment bank specialized on financing smaller mining and technology companies in newly industrialized countries.
  After his marriage in 2017 he and his wife moved to Hanover.
  Already in 2004, his father had signed over to him the German property of the House of Hanover, including gothic-revival Marienburg Castle, the agricultural estates of Calenberg Castle and the Fürstenhaus ("Princely House") at Herrenhausen Gardens in Hanover; the elaborate museum in this small palace, built by King George I of Great Britain in 1720, has been closed to the public since 2011. Since 2004, the prince has taken over many representative tasks on behalf of his father.
  The father remained in charge of the Austrian family assets until 2013 when he was removed from the chairmanship of a family foundation based in Liechtenstein, the Duke of Cumberland Foundation, which holds the properties near Gmunden in Austria, the Hanovers' main residence in exile after 1866 when their Kingdom of Hanover was annexed by Prussia. Instead, the younger Ernst August was put in charge, reportedly for negligence on part of his father, at the initiative of the foundation's trustee Prince Michael of Liechtenstein. The foundation manages vast forests, "Cumberland Wildlife Park", the Queen's Villa, a hunting lodge and the mausoleum at Cumberland Castle. In 2017 Ernst August the Elder filed legal action to recover chairmanship.
  In 2014, Ernst August lent a number of paintings and objects for a Lower Saxony state exhibition, When the Royals came from Hanover - The rulers of Hanover on England's throne, which included exhibits in five museums and castles under the auspices of Charles, Prince of Wales. Thirty of more than 1000 items were contributed by Elizabeth II, including the State Crown of George I, while Ernst August provided the king's famous Augsburg silver throne and other furniture dating to 1720. He hosted a parallel exhibition, The Way to the Crown, at Marienburg Castle until through 2016, displaying - among other items - the crown jewels of the Kingdom of Hanover.
  In 2005 he sold large parts of the family's art and furniture collections in an auction at Sotheby’s, with a result of 44 million Euros. He had initially planned to allocate the funds in a foundation for the renovation and maintenance of Marienburg Castle, however was forced to use most of it to settle his father's debt, which, at the time, had been unknown to him, as he told a newspaper in 2019. In 2011 he sold the manor house and stables at Calenberg, retaining the land. Stating that its proceeds wouldn't suffice to maintain Marienburg Castle, infested with dry rot and threatened by static problems, he entered into negotiations with the State of Lower Saxony regarding the future of the castle, and its renovation, estimated at 27 million Euros. In November 2018 he announced that he planned to transfer the castle to a state-controlled foundation (the Hanoverian Monasteries' Chamber, founded by his family in 1569, which still owns most of the secularized monasteries and ecclesiastical estates of the former kingdom), at a symbolic sales price of 1 Euro, with the foundation undertaking renovation. The remaining art collection was planned to be kept in the castle, with parts purchased by the state, parts kept by the family and lent to the state, and parts transferred to a foundation controlled by both the family and the state. The transaction however was stopped by his father's legal action, seeking to regain ownership.
caption: Ernst August revealing a bust of Leibniz at Marienburg Castle (2016)
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