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
Music of Monaco Music of Monaco Monaco is a city and independent state located in the south of France, along the Mediterranean coast. The country has long been under the control of the Grimaldi family, who have encouraged musical development. Prince Rainier III introduced the Prince Rainier III Prize for Musical Composition to reward Monegasque musicians. The Monte Carlo Philharmonic Orchestra was founded in 1863 and gained a permanent home at Salle Garnier in 1879. The Orchestra is quite prominent in the classical world, and has been conducted by Igor Markevitch, Lovro von Matačić, Paul Paray, Lawrence Foster, Gianluigi Gelmetti and Louis Frémaux.