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
On 2 April 2002, Monaco promulgated Princely Law 1.249, which provides that if a reigning prince dies without surviving legitimate issue, the throne passes to his legitimate siblings and their legitimate descendants of both sexes, according to the principle of male-preference primogeniture. Following Albert's accession, this law took full effect in 2005 when ratified by France, pursuant to the Franco-Monégasque Treaty regulating relations between the Principality and its neighbor. Prince Albert's sisters and their legitimate children thereby retained the right to inherit the Monegasque throne, which they would have otherwise lost upon the death of Prince Rainier.