Princess Stéphanie of Monaco Princess Stéphanie of Monaco Princess Stéphanie of Monaco, Countess of Polignac (Stéphanie Marie Elisabeth Grimaldi; born 1 February 1965) is the youngest child of Rainier III, Prince of Monaco, and the American actress Grace Kelly. She is the younger sister of Albert II, Prince of Monaco, and Caroline, Princess of Hanover. Currently 13th in the line of succession to the Monegasque throne, she has been a singer, swimwear designer and fashion model. Stéphanie was born to Rainier III and Grace Kelly on 1 February 1965 at Prince's Palace in Monaco. She is the youngest of their three children, after Caroline
Rainier III, Prince of Monaco jewel thief known as René the Cane as her lover). According to numerous obituaries, the prince was faced upon his ascension with a treasury that was practically empty. The small nation's traditional gambling clientele, largely European aristocrats, found themselves with reduced funds after World War II. Other gambling centers had opened to compete with Monaco, many of them successfully. To compensate for this loss of income, Rainier decided to promote Monaco as a tax haven, commercial center, real-estate development opportunity, and international tourist attraction. The early years of his reign saw the overweening involvement of the Greek shipping tycoon Aristotle