Rich royal history of Monte Carlo

Weekend Argus (Saturday Edition) - - NEWS -

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.

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