- Reporter-s Notebook: Monaco-s Prince Rainier Dies
The Grimaldi family took over Monaco in 1297. Near the French and Italian border, it became a gambling Mecca, but was nearly bankrupt when Prince Rainier III inherited it in 1949. Rainier was the playboy prince who married Grace Kelly and then made the tiny principality a destination for Hollywood stars, European aristocrats and big money. Grace Kelly died 20 years ago. Rainier died today. Jon Henley is Paris Bureau Chief for Britain-s Guardian newspaper.
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