Who owns monaco

Prince Albert, who was 47 at the time of his father's death, is an accomplished sportsman. His bachelorhood prompted a change to the constitution to allow the Grimaldi dynasty, which has ruled Monaco for seven centuries, to continue through the female line. Prince Albert is the 32nd ruler. The influence of Monaco's broadcast media extends far beyond the borders of the tiny state. From the s Radio Monte-Carlo used powerful transmitters to reach listeners across much of France, and in the s broadcasts to Italy began.

Some key dates in Monaco's history:. The couple met at the Cannes film festival in BBC Languages- Monaco. Monte-Carlo Television Festival. Official tourism site. H M S In the news. Executive Lifestyle. Katie Warren. Visit Business Insider's homepage for more stories. The Monaco royal family rules over one of the smallest yet wealthiest nations in the world. The official residence of the royal family is the Prince's Palace of Monaco.

The palace hosts national celebrations such as one for Monaco's National Day on November As a child, Prince Albert spent summers on his family's boat. Prince Albert and Princess Charlene's nuptials in were one of the most lavish and expensive royal weddings ever.

The couple's royal lifestyle includes attending star-studded galas such as the Monte Carlo Gala for the Global Ocean. The royal couple also attends the annual amfAR gala in Antibes, France, which takes place during the Cannes Film Festival, the glamorous film festival attended by Hollywood's elite.

They rub shoulders with Hollywood A-listers at a television festival created by the Monaco royal family itself. The prince and princess also host global heads of state, such as Chinese President Xi Jinping and his wife, Peng Liyuan.

Prince Albert and Princess Charlene's 5-year-old twins, Princess Gabriella and Prince Jacques of Monaco, are already "style icons," according to the press. Monaco's prince and princess appear to be fans of skiing. In , a treaty was signed granting Monaco the protection of France, and furthermore confirmed the sovereignty of Monaco its independence, rights and privileges.

The Prince was received at the French Court and was awarded many honors and privileges. Many visitors during this time marveled at the vast collection he had accrued.

Despite a lack of resources, the people of Monaco lived rather well, enjoying extensive maritime commerce and profiting from the taxes imposed on ships on their way to Italy. However, the suppression of feudal rights, as was voted by the French Constituent Assembly seized all of the Prince's monetary possessions in , placing the royal family in a grave financial predicament. In , French Revolutionary forces captured Monaco, further exacerbating the situation of the royal family.

The vast art collections and all of the possessions of the royal family were sold at auctions. The Palace was converted into a hospital and then into a home for the poor. The Prince's family was imprisoned, freed, and then several members of his family had to enter the French army in desperation.

However, the Principality was re-established as a protectorate of the Kingdom of Sardinia by the Congress of Vienna in Both the transfer of these two cities and Monaco's sovereignty were recognized by the Franco-Monegasque Treaty of In spite of the four million franc indemnity, Monaco's reduced size and loss of the income it would have gained from Roquebrune and Menton prevented the Principality from escaping its difficult financial predicament.

The initial casino was opened in La Condamine in , but was not a success; its present location in the area called "Les Spelugues" The Caves of Monte Carlo, came only after several relocations in the years that followed. The success of the casino grew slowly, largely due to the area's inaccessibility from much of Europe. With an ideal location, Monaco provided an enchanting setting for hotels, the theater, and a casino.

Even though it was difficult at the time to reach the Principality, the Casino proved to be a tremendous boon to their economy.

It is a hotel in the heart of Monte Carlo. The hotel has rooms divided into four groups based on type of view, decoration and luxury. Economic development was further spurred in with a railway link to France, resulting in remarkable numbers of visitors to the Principality.

The auditorium of the opera house is decorated in red and gold and has frescoes and sculptures all around the auditorium. It was inaugurated on January 25, with a performance by Sarah Bernhardt dressed as a nymph. The first opera performed there was Robert Planquette's Le Chevalier Gaston on 8 February , and that was followed by three more in the first season. Albert I, previously devoted to scientific research in the fields of oceanography and paleontology, assumed the role of Prince of Monaco in With an outstanding reputation, a seat in the Academy of Sciences, and various discoveries which are too numerous to discuss, he established the Oceanographic Museum, which is one of the top centers for oceanography to this day.