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
Charles III, Prince of Monaco Charles) itself takes its name from Charles, after all its founder. Charles established a society (business) to run the Casino; this society is today the Société des bains de mer de Monaco. Under Charles III, the Principality of Monaco increased its diplomatic activities; for example, in 1864, Charles III concluded a Treaty of Friendship with the Bey of Tunis, Muhammad III as-Sadiq, which also regulated trade and maritime issues. He was the 182nd Grand Cross of the Order of the Tower and Sword. Monte Carlo is named after Charles III. It stands for the "Mount Charles" in Italian. Charles III