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Prince Albert's Financial Secrets Exposed by Former Accountant

Allegations Include Payments to Former Lovers and Illegitimate Children, and Extravagant Spending by Princess Charlene

  • Prince Albert of Monaco's former accountant, Claude Palmero, has disclosed the prince's financial secrets, including payments to former lovers and illegitimate children, to French newspapers.
  • Palmero alleges that Albert has been paying his illegitimate daughter, Jazmin Grace Grimaldi, $86,000 every three months and bought her a New York flat worth $3 million.
  • Albert also allegedly pays kidnap and ransom insurance for Alexandre Coste, his son with former air hostess Nicole Coste, and has bankrolled Coste’s fashion business.
  • Albert's wife, Princess Charlene, has also allegedly benefited from her husband’s wealth, with her multi-million dollar allowance being regularly topped up.
  • Albert has denied the allegations, and his lawyer has stated that Albert has done nothing wrong.
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