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Billionaire heiress Tatiana Santo Domingo is now the wealthiest citizen of Monaco, where one-third of the country's population has assets over $1 million
Billionaire heiress Tatiana Santo Domingo is now the wealthiest citizen of Monaco, where one-third of the country's population has assets over $1 million
Erin McDowell,Erin McDowellOct 8, 2019, 01:28 IST
Tatiana Santo Domingo attends the Giambattista Valli Haute Couture Spring Summer 2019 show as part of Paris Fashion Week on January 21, 2019 in Paris, France.Pascal Le Segretain/Getty Images
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The royal family of Monaco is largely known for its connections to American actress-turned-royal Grace Kelly.
Forbes confirmed to Business Insider that Santo Domingo's net worth surpassed that of the former richest Monegasque citizen, David Nahmad.
The granddaughter of a late billionaire brewing tycoon, Santo Domingo was born in New York and lives in London with her husband, Andrea Casiraghi, who is fourth in line to the throne of Monaco.
Although Monaco is one of the smallest countries in the world, it is also one of the richest per capita. According to Fox Business, Monaco has a wealth per capita of $2.1 million. A zero income tax policy in the country attracts the super-rich to its shores and an estimated 32% of Monaco residents are millionaires.
One member of the Monegasque royal family who is well known within high society and the fashion elite is Tatiana Santo Domingo.
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The granddaughter of a wealthy beer brewing tycoon, the American-born heiress has a net worth of $2 billion. Forbes confirmed to Business Insider that, as of October 7, 2019, Santo Domingo is the richest citizen of Monaco. (There are other residents of Monaco, who are not citizens, with even higher net worths.)
Here's everything we know about the uber-wealthy socialite and member of the Monegasque royal family.
Her grandfather, Julio Mario Santo Domingo, was named the second-richest man in Colombia by Forbes in 2011, before his death that same year.
As the owner of Bavaria, one of the largest breweries in South America, he later traded his ownership for a 15% stake in SABMiller, making the entire Santo Domingo family extremely wealthy.
The brewing tycoon had a net worth of $8.4 billion, owned homes in New York City and Paris, and even owned a private island off the Caribbean coast of Colombia.
When he died in 2011, one-sixth of his enormous wealth was left to Tatiana.
The American-born heiress attended Institut Le Rosey, an exclusive boarding school in Switzerland.
The elite boarding school is one of the most expensive schools in the world. The price to attend is as much as $130,000 annually for tuition and boarding. The school is also the oldest in Switzerland. One of the campus' buildings, the Château du Rosey, was built in the 14th century, while the school was founded in 1880.
Santo Domingo then received a Bachelor of Fine Arts degree from The American University of London in 2005, prior to the university losing its accredited status in 2007.
She majored in visual communications, with a concentration in photography.
At the time of his marriage to Tatiana, Andrea Casiraghi was second in line to become the Prince of Monaco. He is now fourth in line.
In 2014, with the birth of Prince Albert II and Princess Charlene's twins, Princess Gabriella and Prince Jacques, the line of succession changed, making Andrea Casiraghi fourth in line to the throne.
The couple reportedly began dating in 2006 before tying the knot in 2013. Their wedding was a small yet high society affair.
The bride wore a V-neck Missoni dress with three-quarter-length sleeves and flat silver sandals, while Santo Domingo's bridesmaids wore designer dresses from Dolce & Gabbana and Valentino.
A few months before the royal couple married on August 31, 2013, Santo Domingo gave birth to her first son, Alexandre Andrea Stefano Casiraghi, nicknamed "Sacha."
As Santo Domingo and Casiraghi were not married when their first son was born, he was not originally given a place in the Monegasque line of succession.
In accordance with Monaco's rules about legitimacy and eligibility to the throne, legitimate heirs must be related by birth to the ruler, and their parents must be married. However, when the two wed in 2013, Sacha became fifth in line to the throne.
Most of Tatiana Santo Domingo's rare public appearances revolve around the fashion industry.
Italian fashion heiress Margherita Missoni is a member of Santo Domingo's inner circle, and the two have been spotted together at multiple fashion shows and industry events.
Santo Domingo is a regular at Paris Fashion Week and has been photographed in the front row of shows for Chanel, Christian Dior, and Valentino.
Here the socialite is pictured at the Giambattista Valli Haute Couture Spring Summer 2017 show with Diane Von Furstenberg and her granddaughter Talita Von Furstenberg.
Tatiana Santo Domingo has worked in the fashion industry for years.
She previously held a position at the Aeffe fashion house in New York under creative director Giovanni Biancho. She also reportedly held a position at Vanity Fair.
The billionaire heiress-turned-royal also runs her own ethical fashion company, Muzungu Sisters, with Dana Alikhani, an advocate for human rights.
Alikhani has held positions at the United Nations High Commission for Refugees (UNHCR) and at the Human Rights Watch in New York. She's also served as a Middle East political analyst for a global business risk consultancy in London.
According to the heiress' biography on the Muzungu Sisters website, Tatiana Santo Domingo lives in London with her husband, their three children, and the family's two dogs.
When she's not attending fashion industry events or spending time with her royal family members, Santo Domingo enjoys visiting her favorite haunts in New York, Paris, and London.
In 2015, the heiress revealed to W Magazine that her favorite spots for going out on the town were Bar Pitti and Indochine in New York, Ferdi in Paris, and Maggie's Club in London.
When asked about the three items every woman should have in her wardrobe, Santo Domingo said "a good pair of jeans, a pair of Charlotte Olympia heels, and a Muzungu Sisters shawl" were her necessities.
As for her favorite footwear, the free-spirited billionaire said she prefers to be barefoot whenever possible.
Though Tatiana Santo Domingo is unlikely to ever be Princess of Monaco, it is nevertheless intriguing to know how this enormously wealthy member of the royal family lives — especially now that she is officially the wealthiest Monegasque citizen in the world.
