Albert II, Prince of Monaco Prince William, Duke of Cambridge, and Catherine Middleton on 29 April 2011. The wedding took place over two days: the civil marriage ceremony took place on 1 July 2011, followed by the religious ceremony on 2 July 2011. Twins Gabriella Thérèse Marie, Countess of Carladès and Jacques Honoré Rainier, Hereditary Prince of Monaco were born to Prince Albert and Princess Charlene on 10 December 2014. On 10 December 2014, Prince Albert and Princess Charlene welcomed their first and second child, twins Gabriella Thérèse Marie and Jacques Honoré Rainier. The twins were born at Princess Grace Hospital in La Colle, Monaco.
Rainier III, Prince of Monaco Onassis, who took control of the Société des Bains de Mer (SBM) and envisioned Monaco as solely a gambling resort. Prince Rainier regained control of SBM in 1964, effectively ensuring that his vision of Monaco would be implemented. In addition, the Societé Monégasque de Banques et de Métaux Précieux, a bank which held a significant amount of Monaco's capital, was bankrupted by its investments in a media company in 1955, leading to the resignation of Monaco's cabinet. As Prince of Monaco, Rainier was also responsible for the principality's new constitution in 1962 which significantly reduced the power of the sovereign.