Rainier III, Prince of Monaco Rainier III, Prince of Monaco Rainier III (Rainier Louis Henri Maxence Bertrand Grimaldi; 31 May 1923 – 6 April 2005) ruled the Principality of Monaco for almost 56 years, making him one of the longest ruling monarchs in European history. Though internationally known for his marriage to American actress Grace Kelly, he was also responsible for reforms to Monaco's constitution and for expanding the principality's economy beyond its traditional casino gambling base. Gambling accounts for only approximately three percent of the nation's annual revenue today; when Rainier ascended the throne in 1949, it accounted for more than 95 percent. Rainier
Albert I, Prince of Monaco building contractor of German-Jewish descent, Alice Heine had married the Duc de Richelieu but had been widowed by age 21 and left with a young son, Armand. Her marriage to Prince Albert proved an equal blessing for him and the tiny principality of Monaco, since Alice brought a strong business acumen, well in advance of her youth. Having helped put her husband's principality on a sound financial footing, she would devote her energies to making Monaco one of Europe's great cultural centers, with an opera, theater, and a ballet under the direction of the famed Russian impresario Serge Diaghilev. Despite