BERLIN // The fate of "Mad" King Ludwig, the eccentric Bavarian monarch who built Germany's world-famous fairytale castles, has been shrouded in mystery since he was found floating dead in a lake on June 13 1886, four days after he was declared insane, deposed and placed under house arrest.
Now a German historian has challenged the official verdict that the king killed his psychiatrist during an evening walk and then committed suicide by drowning himself in Starnberg Lake near Munich. His research, published in a book last month, casts fresh doubt on the original investigation and post mortem.
Peter Glowasz, who has researched the death of Ludwig II for 25 years, claims that the king was shot dead by a guard while trying to flee from the grounds of the palace where he was being held. He said it is time to set the record straight for a man whose enigmatic nature and legacy of spectacular palaces has turned him into a folk hero in the mountainous southern German state of Bavaria.
Ludwig, a reclusive dreamer, had fallen foul of the Bavarian government because he ran up millions in debts constructing such stunning palaces as the Alpine castle of Neuschwanstein, the inspiration for Disneyland's Sleeping Beauty Castle, in a quest to create an idealised, romantic world for himself. More than 50 million people have visited Ludwig's three palaces to date.
"I'm utterly convinced that he was killed," Mr Glowasz said. "There was a cover-up because it would have been a disaster for the government if that had come out at the time. The verdict that he committed murder and then suicide is the lie of the century."
Historians have long suspected that Ludwig was just a little weird rather than clinically insane, and that the government had him declared mad to rid itself of this extravagant, unworldly monarch.
Like the morning mist that envelops the turrets of magical Neuschwanstein, speculation has swirled around Ludwig's fate for more than a century, enhancing the legend of this shy ruler who once said: "I want to remain an eternal mystery to myself and others."
Mr Glowasz's book The Death on Starnberg Lake cites several people who claim that in the 1950s a countess from Ludwig's royal Wittelsbach dynasty had shown them the coat and shirt he had worn on the night he died. The garments were blood-soaked and had two bullet holes in the chest area. Unfortunately, the countess died in a fire in 1973 and the clothes have vanished.
The book also contains testimony from a witness citing the daughter of Rudolf Magg, the doctor who performed the autopsy on Ludwig and who apparently confessed on his death bed that he had falsified his report on the orders of government officials. Magg said he had in fact seen "terrible bullet wounds" in the king's back.
Mr Glowasz said an examination of Ludwig's body, entombed in the crypt of St Michael's church in Munich, would provide final proof. But the Wittelsbachs have steadfastly refused to permit an exhumation because they do not want the body disturbed. However, these days a "virtual post mortem" could be conducted without touching the body, through magnetic resonance imaging.
"The family has its reasons, maybe they don't want to cause an uproar," Mr Glowasz said. "The Bavarian government says it's up to the Wittelsbachs whether to allow an examination or not, that it's a private matter. But I think this is a public matter. People from all over the world come to see Ludwig's palaces these days, and they have a right to know how the architect died."
Last year alone 2.3 million people visited Ludwig's three castles, with Neuschwanstein, an idealised replica of a medieval castle, by far the most popular of them, attracting 1.4 million.
Ludwig's massive baroque palace of Herrenchiemsee, inspired by Versailles, reflected his admiration for Louis XIV and his yearning for an absolutist monarchy.
He spent little time in those two palaces though, preferring to live in the smaller Rococo villa of Linderhof, where he resided for about eight years in total.
The king was virtually not seen in public after 1875 and led a nocturnal existence for much of his last decade, preferring to sleep during the day. Civil servants often struggled to get hold of him to sign government papers because he liked to spend time in remote mountain huts.
Nevertheless, many historians doubt that he was truly insane, and that view has been backed up by research from an eminent German psychiatrist who studied the original report on Ludwig's mental health.
Professor Heinz Häfner is due to publish a book in the autumn concluding that Ludwig suffered from a form of agoraphobia, which may explain his reclusive nature, and that he was not mad even by the definitions of insanity that applied at the time.
Declaring him mad was merely a means to a political end, Mr Häfner said. "He was not insane."
Christof Botzenhart, a Munich-based historian, doubts Ludwig was murdered, though. "I can't imagine who would have given the order to kill him," he said. "It just doesn't fit in with the style of the 19th century to murder a king."
"Besides, he did have suicidal tendencies. When he was deposed he asked a servant for the key to a tower so that he could hurl himself from it, and he had previously made comments that he would rather die than lose his kingdom."
The desire to live in the past was not uncommon among Europe's royal families in the late 19th century as the continent was rapidly industrialising and their political powers were evaporating, Mr Botzenhart said. Other kings, princes and dukes also built themselves monumental palaces at the time. Ludwig, though, took things a little far.
"The term Mad King Ludwig is justified to an extent because he lost his sense of reality," Mr Botzenhart said. "His palace building was excessive and totally incompatible with good budget governance. He went off the rails a bit, but it's exaggerated to say he was completely crazy."
Yet amid all his romantic reverie Ludwig did not completely neglect his government responsibilities. He defended Bavaria's status within the German empire and instigated legislation to protect historical monuments and buildings, Mr Botzenhart said.
He was also a patron of his favourite composer, Richard Wagner, whom he rescued from financial ruin and whose grand operas based on European legends and myths struck a chord with the ever-dreaming king. It was the link between Ludwig and Wagner that led to the annual Bayreuth opera festival.
Even though he shunned his subjects, Bavarians are proud of King Ludwig to this day. "Ludwig has turned into a mythical figure divorced from history," Mr Botzenhart said. "The interest in him stems from his eccentricity, his castles and the mystery surrounding his death."
Today Ludwig, like strong beer, Lederhosen and Alpine cowbells, is a symbol of Bavaria and his image is ubiquitous on postcards, chocolate boxes and beer glasses around this spectacular part of Germany. There is a King Ludwig beer brand and his portrait features on blue-and-white Bavarian national flags.
Part of this popularity stems from a sense of gratitude, Mr Glowasz said. "His palaces are a huge economic factor. No Bavarian politician has ever managed to bring so much money to Bavaria."
@Email:dcrossland@thenational.ae
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
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The specs: Aston Martin DB11 V8 vs Ferrari GTC4Lusso T
Price, base: Dh840,000; Dh120,000
Engine: 4.0L V8 twin-turbo; 3.9L V8 turbo
Transmission: Eight-speed automatic; seven-speed automatic
Power: 509hp @ 6,000rpm; 601hp @ 7,500rpm
Torque: 695Nm @ 2,000rpm; 760Nm @ 3,000rpm
Fuel economy, combined: 9.9L / 100km; 11.6L / 100km