The city is a major centre of art, technology, finance, publishing, culture, innovation, education, business, and tourism in Germany and Europe and enjoys a very high standard and quality of living, reaching first in Germany and fourth worldwide according to the 2015 Mercer survey.
Duke Louis IV, a native of Munich, was elected German king in 1314 and crowned as Holy Roman Emperor in 1328.
Its numerous architectural attractions, sports events, exhibitions and its annual Oktoberfest attract considerable tourism.
Munich is one of the most prosperous and fastest growing cities in Germany.
On the other hand, Ludwig II, famous the world over as the fairytale king, was mostly aloof from his capital and focused more on his fanciful castles in the Bavarian countryside.
Nevertheless, his patronage of Richard Wagner secured his posthumous reputation, as do his castles, which generate significant tourist income for Bavaria to this day.