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
Florestan I, Prince of Monaco invisible to the public; unlike Honoré V, Florestan went out in public. He even established a school in Menton, albeit an expensive one from which the princely couple attempted to meet local demands for democratic reforms and offered two constitutions to the local population, but these were rejected, particularly by the people of Menton, who were offered something better by King Charles Albert of Sardinia. When the Prince and Princess of Monaco saw that their efforts were doomed to failure, they handed over power to their son Charles (later Prince Charles III). This was, however, too little, too late. Encouraged