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
Princess Florestine of Monaco his succession to the princely throne of Monaco and the Grimaldi noble titles. However, France had undergone two wars against Germany and did not wish to see German princes ruling the Principality of Monaco. Therefore, France reached an agreement with the principality allowing the illegitimate daughter of Louis II, Charlotte, to be his heir presumptive to the princely throne and Grimaldi noble titles. Charlotte renounced and ceded her rights to the princely throne on 30 May 1944 to her son Rainier who became Rainier III, Prince of Monaco. Princess Florestine of Monaco Princess "Florestine" Gabrielle Antoinette of Monaco (Full French