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 I, Prince of Monaco
On 10 September 1889, Albert ascended the throne of Monaco on the death of his father. That same year in Paris, on 30 October, he married the Dowager Duchess de Richelieu, née Marie Alice Heine (1858–1925). The American daughter of a New Orleans building contractor of German-Jewish descent, Alice Heine had married the Duc de Richelieu but had been widowed by age 21 and left with a young son, Armand. Her marriage to Prince Albert proved an equal blessing for him and the tiny principality of Monaco, since Alice brought a strong business acumen, well in advance of her youth. Having helped put her husband's principality on a sound financial footing, she would devote her energies to making Monaco one of Europe's great cultural centers, with an opera, theater, and a ballet under the direction of the famed Russian impresario Serge Diaghilev.