The most exciting event of his reign came after he met the Academy Award winning actress Grace Kelly in 1955. As you know, that worked out pretty well. So Rainier decided to promote Monaco as a tax haven, commercial center, tourist attraction and James Bond’s favorite place to play Baccarat. Monaco had funded itself as a place for gambling but the clientele, mostly European aristocrats, didn’t have a lot of spare change at the end of the war. It was not so good in 1949 through financial neglect. Once he ascended to the throne, Rainier worked to recoup Monaco’s luster. That happened in 1949, a few years after his service in the Free French Army toward the end of World War II. That meant that when his grandfather, Louis II, Prince of Monaco, kicked the bucket Monaco would be his to rule. It seems like time at the institute for political studies served him well, because on his 21 st birthday in 1944 his mother, Princess Charlotte, renounced her claim to the throne. ![]() After that he spent time at the Institut d’études politiques de Paris. He went to school in England and then ended up in Paris at the University of Montepelier for a Bachelor’s degree. Rainier III was born as Louis Henri Maxence Bertrand Grimaldi in 1923 right in Monaco. As a bonus, we’ll explain how Monaco and Monte Carlo are related so you can inform anyone confused by the distinction. The Monte Carlo recipe is extremely simple and should definitely be in your repertoire. ![]() It’s pretty good work if you can find it, especially if you do it as he did and marry someone like Grace Kelly, the biggest movie star of the day, along the way. We’re mixing the Monte Carlo cocktail on November 19 to celebrate the 1949 Coronation of Rainier III as the Prince of Monaco.
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