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.
Prince's Palace of Monaco
The Grimaldi's occupation of their palace is also unusual because, unlike other European ruling families, the absence of alternative palaces and land shortages have resulted in their use of the same residence for more than seven centuries. Thus, their fortunes and politics are directly reflected in the evolution of the palace. Whereas the Romanovs, Bourbons, and Habsburgs could, and frequently did, build completely new palaces, the most the Grimaldi could achieve when enjoying good fortune, or desirous of change, was to build a new tower or wing, or, as they did more frequently, rebuild an existing part of the palace. Thus, the Prince's Palace reflects the history not only of Monaco, but of the family which in 1997 celebrated 700 years of rule from the same palace.