Albert II, Prince of Monaco
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 Prince's Palace of Monaco, he does own shares in the "Société des bains de mer de Monaco", which operates Monaco's casino and other entertainment properties in the principality.
Albert II, Prince of Monaco
As Rainier III's health declined, his son's lack of legitimate children became a matter of public and political concern owing to the legal and international consequences. Had Prince Albert succeeded his father and died without lawful heirs, it would have triggered Article 3 of the 1918 Franco-Monegasque Treaty, according to which the Principality of Monaco would become a protectorate of the French Republic. Prior to 2002, Monaco's constitution stipulated that only the last reigning prince's "direct and legitimate" descendants could inherit the crown.