Monaco: The Monarch & the Magnate

Someone should have told His Serene Highness Prince Rainier about Greeks bearing gifts. Twelve years ago, he welcomed Aristotle Socrates Onassis to Monaco. Now he regrets it.

Onassis did not come emptyhanded. Rainier was originally delighted to see him, because the Greek shipping magnate invested some $1,500,000 in 52% of the stock of the Société des Bains de Mer, an Edwardian sprawl of properties that includes the casino, the yacht club, the 60-year-old Hótel de Paris and about one-third of Monaco's 375 acres. Bien, thought Rainier, Ari will also bring in his rich...

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