Albert II, Prince of Monaco Albert II, Prince of Monaco Albert II (Albert Alexandre Louis Pierre Grimaldi; born 14 March 1958) is the reigning monarch of the Principality of Monaco and head of the princely house of Grimaldi. He is the son of Prince Rainier III and the American actress Grace Kelly. Prince Albert's sisters are Caroline, Princess of Hanover, and Princess Stéphanie. In July 2011, Prince Albert married Charlene Wittstock. Prince Albert II is one of the wealthiest royals in the world, with assets valued at more than $1 billion, which include land in Monaco and France. Although Prince Albert does not own the
Albert I, Prince of Monaco soon suspended by the Prince when World War I broke out. Also in 1911, Prince Albert created the Monte Carlo Rally, an automobile race designed to draw tourists to Monaco and the Casino. Despite his military service, or perhaps because of it, the Prince became a pacifist, establishing the International Institute of Peace in Monaco as a place to develop a peaceful settlement for conflict through arbitration. In the tension-filled times leading up to World War I, Prince Albert made numerous attempts to dissuade Germany's Kaiser Wilhelm II from war. When war came, Prince Albert could not avoid becoming involved.