Inside the fabulous life of the royal family of Monaco, who rules over one of the wealthiest countries in the world, is richer than the Queen of England, and lives in a 12th-century palace

Katie Warren

July 16, 2019 7:32 PM

Arnold Jerocki/Getty Images

The Monaco royal family rules over one of the smallest yet wealthiest nations in the world.

The royal family of Monaco is headed by Prince Albert II and his wife of nine years, Princess Charlene.
They rule over one of the wealthiest places in the world, where 32% of the population is made up of millionaires.
The family, estimated to be richer than the Queen of England , attends ritzy galas with heads of state and Hollywood stars and goes on skiing holidays in Switzerland.
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Monaco, a tiny city-state on the French Riviera, is one of the wealthiest nations in the world. A whopping 32% of the population is made up of millionaires.

Known as a "Billionaires' Playground ," Monaco is famous for its lavish wealth, casinos, and glamorous events such as the Monaco Yacht Show and the Monaco Grand Prix.

Ruling over this small yet rich city-state are the Grimaldis, the Monaco royal family headed by Prince Albert II, the son of Prince Rainier III and former actress Grace Kelly, who died in a car accident in 1982.

Prince Albert is worth an estimated $1 billion and reportedly owns about a quarter of the land he reigns over, making the Monaco royal family one of the wealthiest in the world. He married Charlene Wittstock , a former Olympic swimmer and teacher from South Africa, in 2011, and the couple shares two children. The prince also has two other children who were born out of wedlock .

Take a look at the lifestyle of the Monaco royal family.

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