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.
Louis II, Prince of Monaco
A political crisis loomed for the Prince because without any other heir, the throne of Monaco would pass to his first cousin Wilhelm, the Duke of Urach, a German nobleman who was a son of Prince Albert's aunt, Princess Florestine of Monaco. To ensure this did not happen, in 1911 a law was passed recognizing his illegitimate daughter, Charlotte, as Louis's acknowledged heir, and making her part of the princely family. This law was later held to be invalid under the 1882 statutes. Thus another law was passed in 1918 modifying the statutes to allow the adoption of an heir, with succession rights. Charlotte was formally adopted by Louis in 1919, and became Charlotte Louise Juliette Grimaldi, Princess of Monaco, and Duchess of Valentinois.