Monaco’s wealthiest citizen is a woman

The wife of Andrea Casiraghi, Tatiana Santo Domingo Casiraghi, has hit the headlines recently as the wealthiest citizen in Monaco. With a reported net worth of €2 billion, the American-born heiress has easily surpassed Prince Albert as the wealthiest citizen, who himself has an estimated net worth of just under one billion euros.

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There are, of course, many wealthy individuals who are residents of Monaco, not citizens. But the average net worth still doesn’t come close to Tatiana Santo Domingo Casiraghi.

According to the latest Global Wealth Migration Review by AfrAsia Bank and New World Wealth, the average wealth of a person living in Monaco is about €1.9 million and an estimated 32% of Monaco residents are millionaires.

Victoria Silvstedt, Michel Merkt, Celina Lafuente de Lavotha, Chiara Boni, Nima Benati, Naomi Campbell, Federica Nardoni Spinetta, Rosanna Trinchese, German Larkin, Tatiana Santo Domingo Casiraghi, Andrea Casiraghi, Mireille Pietri. Photo: Daniele Guidetti

Born on 24th November 1983 in New York, Tatiana Casiraghi was raised in Geneva, Switzerland, and Paris, France. Her grandfather was Julio Mario Santo Domingo, the second richest man in Colombia who built his fortune as the owner of Bavaria, a major brewery in Colombia. When he died in 2011, he left a sixth of his €7.5 billion wealth to Tatiana. His assets included homes in New York City and Paris, and a private island off the Caribbean coast of Colombia.

After interning at Vanity Fair magazine and a stint at the Aeffe Group (an Alberta Ferretti label), Tatiana launched her ethical fashion business Muzungu Sisters with Dana Alikhani, daughter of Hossein Alikhani. She paired her passion for fashion and travel with Dana’s master’s degree in human rights to create an online retail portal that currently offers ethically-sourced handmade luxury items produced by artisan communities across the globe.

Dana Alikhani and Tatiana Santo Domingo Casiraghi in a photo on their business website

In July 2012, Caroline, Princess of Hanover, announced that her son Andrea and Tatiana were engaged. This came as no surprise, as Tatiana had been at the side of Andrea for the previous seven years and had witnessed some monumental moments, including the enthronement of Prince Albert II and his wedding to Charlene Wittstock.

By March 2013, Tatiana and Andrea welcomed their baby boy Alexandre Andrea Stefano “Sasha” Casiraghi, who is fifth in the line of succession to the Monegasque throne. Their second child, India Casiraghi, was born on 12th April 2013 and their third, another boy called Maximilian Rainier, was born on 19th April 2018.

Andrea Casiraghi and Tatiana Santo Domingo Casiraghi pictured with India on National Day 2016. Photo: Palais Princier de Monaco

The former American socialite is known for her vintage, boho chic fashion sense and most of Tatiana’s rare public appearances revolve around the fashion industry.

According to the heiress’ biography on the Muzungu Sisters website, Tatiana lives in London with her husband, their three children, and the family’s two dogs.

 

Top picture: Celina Lafuente de Lavotha, Tatiana Santo Domingo Casiraghi and Michel Merkt @ Michael Alesi

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