On March 31, 2005, Monaco’s Crown Council transferred regency to Prince Albert II—a turning point that has since transformed every facet of the Principality.
Albert Alexandre Louis Pierre Grimaldi; born 14 March 1958 in the Prince's Palace of Monaco is the reigning Prince of Monaco and head of the princely house of Grimaldi. He is the son of Prince Rainier III and Princess Grace, formerly Grace Kelly, the American actress.