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
During the late 17th century and early 18th century, while Monaco was officially an independent state, it was in reality a province of France. Its rulers spent much of their time at the French court, in this way resembling the absentee landlords so prevalent at the time amongst the French aristocracy. The lure of Versailles was greater than that of their own country.