Prince Rainier of Monaco was born on May 31, 1923, in the Principality of Monaco. He became the sovereign prince of Monaco on April 6, 1956, after the death of his grandfather Prince Louis II. During his reign, Prince Rainier worked to modernize Monaco's economy by expanding the country's tourism industry and attracting foreign investment. He also helped to create a stable political environment by working with other countries to establish treaties and agreements. Prince Rainier was also known for his personal life, which included his marriage to American actress Grace Kelly in 1956. The couple had three children together and were considered one of the most glamorous and famous couples of their time. Prince Rainier passed away on April 6, 2005, at the age of 81. He was succeeded by his son, Prince Albert II, as the monarch of Monaco.