Career

In 1499, a very rich gold vein was discovered in Eisenberg, and after three years there was a long dispute between the Counts of Waldeck and the Lord of Viermund about the mining rights on Mount Eisenberg. In 1505, Duke William IV of Jülich-Berg allowed Philip II as his governor to operate mines in the districts of Ravensberg and Sparrenberg. Apart from Philip, the board of the mining company included two baliffs for William IV, representatives of the City of Bielefeld, including both mayors, and a mining expert from Thuringia.

In 1507, he acquired Steffenburg Castle, which had been constructed in Adorf by Curd von Ense in the early 16th Century.

After a long stay in captivity, Philip was released, in exchange for a ransom of 8900 ducats.