We are Royalty after all, and as such, we love it when we're favored by the Monarchs. Caroline, Princess of Hanover, formally styled Her Royal Highness The Princess of Hanover, has returned to reside in Monte Carlo with her children. The Princess of Hanover is the eldest child of the late Prince Rainier III of Monaco and his wife, the former American film actress Grace Kelly. She is seen here with her two Dachshund puppies on June 25, 2010, while watching her daughter Charlotte perform in the Equestrian Grand Prix. Source.