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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   

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

monaco royal family prince albert charlene

Arnold Jerocki/Getty Images

Prince Albert II and Princess Charlene of Monaco have four-year-old twins: Princess Gabriella and Prince Jacques.

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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