Rich royal history of Monte Carlo
ACCORDING to the history books an Italian pirate, Lanfranco Grimaldi, invaded the area in 1297 and formed the principality, which is 2km2 in size.
When he died, his first cousin, Ranier I, took over as monarch. During the French Revolution, the Grimaldi family was exiled from Monaco, but after the 1815 Treaty of Paris, were restored to the throne and have ruled since.
Monaco is the secondsmallest sovereign nation in the world after the Vatican, but is one of the richest and is said to have the most expensive land per square kilometre on the planet.
Integral to Monte Carlo is the casino, a major attraction for the rich, as well as being a primary source of income.