Albert II, Prince of Monaco

Albert II, Prince of Monaco Net Worth 2025: Earnings & Career

Albert II, Prince of Monaco, is one of the most recognized and affluent members of royalty globally. As the reigning monarch of the Principality of Monaco since 2005, he has built a reputation not only for his wealth but also for his involvement in environmental issues and Olympic sports. This article explores Albert II's net worth, career, personal life, and other facets of his life.

Personal Profile About Albert II, Prince of Monaco

Age, Biography, and Wiki

Albert II was born on March 14, 1958, in Prince's Palace, Monaco-Ville, Monaco. He is the son of the late Prince Rainier III and actress Grace Kelly. He succeeded his father as Prince of Monaco in April 2005. Albert II is known for his diverse interests, including sports and environmental conservation. He has been a member of the International Olympic Committee since 1985 and has represented Monaco in several Winter Olympics in bobsled.

Occupation Billionaire
Date of Birth 14 March 1958
Age 67 Years
Birth Place Prince's Palace of Monaco, Monaco
Horoscope Pisces
Country Monaco

Height, Weight & Measurements

While specific details about Prince Albert II's height and weight are not widely reported, he is generally known for his tall and fit stature, which is reflective of his active sports career.

Height
Weight
Body Measurements
Eye Color
Hair Color

Dating & Relationship Status

Prince Albert II has been married to Princess Charlene, a former South African swimmer, since 2011. The couple's wedding was one of the most lavish and expensive, costing an estimated $70 million. Before his marriage, Prince Albert was known for his playboy lifestyle and has fathered two children out of wedlock.

Born at the Prince's Palace of Monaco, Albert is the second child and only son of Prince Rainier III and Princess Grace. He attended the Lycée Albert Premier before studying political science at Amherst College. In his youth, he competed in bobsleigh during Winter Olympic finals before retiring in 2002. Albert was appointed regent in March 2005 after his father fell ill, and became sovereign prince upon the latter's death a week later. Since his accession, he has been outspoken in the field of environmentalism, and an advocate of ocean conservation and adoption of renewable energy sources to tackle global climate change, and founded the Prince Albert II of Monaco Foundation in 2006, to directly raise funds and initiate action for such causes and greater ecological preservation.

Prince Albert's mother, Princess Grace, died at age 52 as a result of injuries sustained in a car accident in 1982. In 2017, the Prince stated during an interview that his mother's death was a traumatic event for him and his family, revealing that his father was "never the same man" after the loss.

On 31 March 2005, following consultation with the Crown Council of Monaco, the Palais Princier announced that Albert would take over the duties of his father as regent since Rainier was no longer able to exercise his princely functions.

The first part of Prince Albert II's enthronement as ruler of the Principality was on 12 July 2005, after the end of the three-month mourning period for his father. A morning Mass at Saint Nicholas Cathedral presided over by the Archbishop of Monaco, the Most Reverend Bernard Barsi, formally marked the beginning of his reign. Afterward, Albert returned to the Palace to host a garden party for 7,000 Monégasques born in the Principality. In the courtyard, the Prince was presented with two keys of the city as a symbol of his investiture, and subsequently gave a speech. The evening ended with a fireworks display on the waterfront.

The second part of his investiture took place on 19 November 2005. Albert was enthroned at Saint Nicholas Cathedral. The Princely family was in attendance, including his elder sister, Princess Caroline with her husband Ernst, Prince of Hanover and three of her four children, Andrea, Pierre and Charlotte; as well as his younger sister Princess Stéphanie, his paternal aunt Princess Antoinette, Baroness of Massy, his godson, Jean-Léonard Taubert de Massy, and his cousin Elisabeth-Anne de Massy. Royalty from 16 delegations were present for the festivities throughout the country. The evening ended with a dedicated performance at the Opéra de Monte-Carlo.

As Rainier III's health declined, Albert's lack of legitimate children became a matter of public and political concern owing to the legal and international consequences. Had Prince Albert succeeded his father and died without lawful heirs, it would have triggered Article 3 of the 1918 Franco-Monegasque Treaty, according to which the Principality of Monaco would become a protectorate of the French Republic. Prior to 2002, Monaco's constitution stipulated that only the last reigning prince's "direct and legitimate" descendants could inherit the crown.

Under the current constitution, neither Jazmin nor Alexandre are in the line of succession to the Monegasque throne as they are not Prince Albert II's legitimate children, and he emphasised their ineligibility to inherit the throne in statements confirming his paternity. Monegasque law stipulates that any non-adulterine illegitimate child is legitimised by the eventual marriage of his/her parents, thereupon obtaining the rights to which that child would have been entitled if born in lawful marriage. Thus Alexandre would have become Monaco's heir apparent under current law if Albert were to marry Alexandre's mother. In a 2005 exchange with American reporter Larry King, Albert stated that this would not happen.

In 2016, Albert purchased Princess Grace's childhood home in East Falls, Philadelphia, which was originally built by her father Jack Kelly Sr. Upon acquiring it, he stated the house might be used as a museum space or as offices for the Princess Grace Foundation. Prince Albert does not have direct ownership of the Prince's Palace, but does possess personal homes in both La Turbie and Marchais.

* Tamara Jean Rotolo — Prince Albert was reportedly listed as the father of Jazmin Grace Grimaldi on her birth certificate, registered in Riverside County, California, United States. The case went to trial in 1993 and was eventually dismissed by Superior Court Judge Graham Anderson Cribbs, who refused jurisdiction and found that there was "insufficient connection between [Prince Hereditary] Albert and the State of California to justify hearing a suit [in California]", justifying the statements of the Prince's lawyer. On 31 May 2006, after a DNA test confirmed the child's parentage, Albert admitted, via statement from his lawyer, that he is Jazmin's father.

* Nicole Coste — In May 2005, a former Air France flight attendant from Togo claimed that her youngest son, born Éric Alexandre Stéphane Tossoukpé on 24 August 2003 in Paris, France, whom she called Alexandre Coste, was Prince Albert's child, and stated that his parentage had been proven by DNA tests requested by the Monegasque government. She further declared that the Prince had signed a notarised certificate confirming paternity, of which she had not received a copy. The Paris Match published a ten-page interview with Coste, including photographs of Albert holding and feeding the child. Coste also told the publication that she was living in the Prince's Paris apartment, and receiving an allowance from him, while pretending to be the girlfriend of one of his friends in order to maintain discretion. She also stated that the prince had previously last seen the boy in February 2005. The prince's lawyer, Thierry Lacoste, announced that as a result of the international publicity over these revelations, Prince Albert was suing the Daily Mail, Bunte, and Paris Match for privacy violations. On 6 July 2005, a few days before he was enthroned on 12 July, the Prince officially confirmed via his lawyer Lacoste that Alexandre was his biological son. He calls himself Alexandre Grimaldi.

* In December 2020, a Brazilian woman filed a paternity suit against Albert, claiming that he had fathered a child with her during his relationship with Charlene. Albert's lawyer described the claim as a 'hoax'.

Parents
Husband Charlene Wittstock (m. 1 July 2011)
Sibling
Children

Net Worth and Salary

As of 2025, Prince Albert II's net worth is estimated to be around $1 billion, making him one of the wealthiest members of royalty globally. His wealth primarily comes from Monaco's thriving tourism and real estate sectors, as well as the lucrative gaming industry, including the famous Monte Carlo Casino. He owns a significant portion of Monaco's land, which contributes to his wealth.

Career, Business, and Investments

Prince Albert II's career is deeply intertwined with his role as the ruler of Monaco. He oversees the principality's economic development, focusing on tourism and real estate. The Grimaldi family's investments in casinos, hotels, and upscale housing have significantly boosted their wealth. Additionally, Prince Albert has a notable collection of stamps and antique cars, which are part of his personal assets.

With assets valued in 2010 at US$1 billion, Albert owns shares in the Société des Bains de Mer, which operates Monaco's casino and other entertainment properties in the Principality. In July 2011, Prince Albert married South African Olympic swimmer Charlene Wittstock. He has four children, two of them illegitimate, the other two legitimate: Jazmin, Alexandre Grimaldi-Coste, Gabriella, and Jacques.

Since his ascension, the Prince has overseen the construction of various community facilities, including social housing, railway infrastructure, educational institutes for the hospitality industry, and secondary education. He currently heads an initiative to promote ethical economic activity, criminal liability, the adopting of systems to combat money laundering and organized crime, and the introduction of tax fraud into Monegasque criminal law. In 2006, Prince Albert created the Prince Albert II of Monaco Foundation, which continues Monaco's commitment to supporting sustainable and ethical projects around the world. The foundation's focus has three main objectives: climate change and renewable energy development, combating the loss of biodiversity, and improving universal access to clean water. In July 2011, Albert married South African Olympic swimmer Charlene Wittstock.

The year 2007 was declared as (International) Year of the Dolphin by the United Nations and United Nations Environment Programme. Prince Albert served as the International Patron of the "Year of the Dolphin", saying "The Year of the Dolphin gives me the opportunity to renew my firm commitment towards protecting marine biodiversity. With this strong initiative we can make a difference to save these fascinating marine mammals from the brink of extinction."

The Zoological Garden of Monaco (Jardin Animalier) was founded by Prince Rainier in 1954. Rainier was petitioned unsuccessfully for many years by Virginia McKenna, founder of the Born Free Foundation, to release a pair of leopards at the zoo. He intends to convert the Jardin into a zoo for children.

Social Network

Prince Albert II is not known for being active on personal social media platforms like many celebrities. However, official announcements and updates about his activities are often shared through Monaco's official palace communications.

Albert competed in the bobsleigh at five consecutive Winter Olympics for Monaco, taking part in both the two-man and four-man events. In the two-man bobsleigh Albert finished 25th at the 1988 games in Calgary, 43rd at the 1992 games in Albertville, and 31st at the 1994 games. In the four-man bobsleigh Albert finished 27th in 1992, 26th at the 1994 games in Lillehammer, and 28th at both the 1998 games in Nagano and the 2002 games in Salt Lake City. Albert was Monaco's flag bearer at the 1988, 1994, and 1998 Winter Olympics. He also took part in the 1985 Paris–Dakar Rally, but did not complete it. Albert has been a member of the International Olympic Committee since 1985, and his maternal grandfather, John B. Kelly Sr., and maternal uncle, John B. Kelly Jr., were both Olympic medalists in rowing. In 2017 Albert gained OLY post-nominal status under his competition name of Albert Grimaldi.

Albert, a well-known automotive enthusiast, owns vehicles like the BMW Hydrogen 7, the Lexus LS 600h, the Lexus RX 400h, and the Toyota Prius PHV. He also owns a Dassault Aviation Falcon 7X, a 14-passenger leisure jet, currently stationed at Nice Côte d'Azur Airport.

As Monaco's head of state, Prince Albert II is depicted on both standard-issue and collector's coins, such as the €5 silver Prince Albert II commemorative coin, the first commemorative coin with his effigy, minted in 2008. On the obverse, the prince is depicted in profile with his name on the top of the coin. On the reverse, the Grimaldi coat of arms appears; around it, the words "Principauté de Monaco" (Principality of Monaco) also appear along with the nominal monetary value of the coin.

Education

Prince Albert II attended Amherst College in Massachusetts, where he studied from 1977. This educational background has likely influenced his approach to governance and international relations.

In summary, Prince Albert II of Monaco is a prominent figure in global royalty, known for his wealth, sportsmanship, and environmental advocacy. His leadership and business acumen have contributed significantly to Monaco's status as a wealthy and attractive destination for tourists and investors alike.

Albert spent a year training in princely duties before enrolling at Amherst College, in Massachusetts, in 1977 as Albert Grimaldi. He joined Chi Psi fraternity and lived in the Alpha Chi Lodge. Albert spent mid-1979 touring Europe and the Middle East with the Amherst College Glee Club, and also undertook an exchange program with the University of Bristol, at the Alfred Marshall School of Economics and Management, in 1979. He graduated in 1981 with a Bachelor of Arts degree in political science. He speaks French, German, Italian, and English. From September 1981 to April 1982, Albert trained on board the French Navy's helicopter cruiser FRENCH CRUISER Jeanne d'Arc, attaining the rank of Ship-of-the-Line Ensign (2nd class), and is currently a reserve Lieutenant Commander. From 1983 to 1985, he took training courses with companies J.P. Morgan & Co, Louis Vuitton, Rogers & Wells, and Wells, Rich and Greene in the United States and Europe, studying financial management, communication, and marketing. Since May 1993, the Prince has led the Monegasque delegation to the General Assembly of the United Nations. In 2004, the Prince presided over the delegation of Monaco in Strasbourg, France, for the official accession of the Principality onto the Council of Europe.

* MCO Order of Saint-Charles - Grand Cross BAR.svg Sovereign Knight Grand Cross of the Order of Saint-Charles (Grand Cross, 13 March 1979; Grand Master since 6 April 2005)

* MCO Order of Grimaldi - Grand Cross BAR.svg Sovereign Knight Grand Cross of the Order of Grimaldi (Grand Cross, 18 April 1958; Grand Master since 6 April 2005)

On 14 October 2019 at the Comenius University in Bratislava, he received the honorary title "doctor honoris causa" for activities in the field of protection of natural and cultural heritage within his efforts to combat climate change.

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