Stefano Casiraghi
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Stefano Casiraghi (8 September 1960 – 3 October 1990) was an
Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...
offshore powerboat racer, socialite, and businessman. He was the second husband of Princess Caroline of Monaco; he died during a racing accident defending his 1990
Class 1 World Powerboat Championship The UIM Class 1 World Powerboat Championship (also known as Class 1) is an international motorboat racing competition for powerboats organized by the Union Internationale Motonautique (UIM). It is the premier class of offshore powerboat racing in ...
title.


Early life

The son of Giancarlo Casiraghi (1925–1998), a wealthy businessman, and Fernanda Biffi, Stefano Casiraghi grew up in the Casiraghi family's estate, Villa Cigogne, in Fino Mornasco.''Biographie de Stefano Casiraghi''.
/ref> He had two brothers, Marco and Daniele (1956–2016), and one sister, Rosalba. He also developed an early passion for the speedboat races on Lake Como.Reed, J.D.; Joel Stratte-McClure and Logan Bentley
"Another Tragedy for Monaco"
''
People A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of prope ...
'', 15 October 1990. Accessed 7 June 2010
He followed in the footsteps of his brothers by enrolling at
Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...
's
Bocconi University Bocconi University ( it, Università Commerciale Luigi Bocconi, ) is a private university in Milan, Italy. Bocconi provides education in the fields of economics, finance, law, management, political science, public administration and comput ...
, but left without obtaining a degree.Fowler, Glenn
Stefano Casiraghi, 30, Husband of Caroline of Monaco, is killed
''The New York Times'', 4 October 1990. Accessed 7 June 2010.
He began to work for his father and his oldest brother, Marco.


Business

Casiraghi was involved in the real estate and retail export enterprises of the family business that his father had built up. His obituary in ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...
'' described him as a
financier An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...
and Chairman of Cogefar France (a construction subsidiary of Fiat). The same source said he had a majority interest in Engeco, a Monaco-based
construction Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Pr ...
company which he founded in 1984. At the time of his first child's birth, he was the director of the Christian Dior boutique in Monte Carlo.


Speedboat racing

A throttle man, a role that requires control of the trim tab while observing water conditions to reach optimum speed, Casiraghi participated in eighty offshore races during his lifetime. Over a 20-year career, he won a dozen of those competitions and, at the time of his death, was the world champion of offshore speedboat racing, including the World Championship held off the coast of Atlantic City in 1989. Casiraghi had set the record (since broken) for 277 km/h on Lake Como in 1984.


Marriage and family

On 29 December 1983 in
Monaco Monaco (; ), officially the Principality of Monaco (french: Principauté de Monaco; Ligurian: ; oc, Principat de Mónegue), is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Lig ...
, he and Princess Caroline married in a civil ceremony in the Hall of Mirrors of the Monegasque Princely Palace. They were not able to have a Catholic ceremony because Caroline had been divorced from
Philippe Junot Philippe Junot (born 19 April 1940) is a French venture capitalist and property developer, who was the first husband of Princess Caroline of Monaco. He has business interests in Paris, Spain and New York City. Background and family Junot is the ...
, and an annulment had not yet been obtained. However, as Caroline was over three months pregnant, the couple did not want to wait any longer. The couple had three children: Andrea (born 8 June 1984),
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(born 3 August 1986), and
Pierre Pierre is a masculine given name. It is a French form of the name Peter. Pierre originally meant "rock" or "stone" in French (derived from the Greek word πέτρος (''petros'') meaning "stone, rock", via Latin "petra"). It is a translation ...
(born 5 September 1987). The children were born at Princess Grace Hospital Centre in Monaco, respectively, fourth, eleventh and eighth in the
line of succession to the Monegasque throne Line most often refers to: * Line (geometry), object with zero thickness and curvature that stretches to infinity * Telephone line, a single-user circuit on a telephone communication system Line, lines, The Line, or LINE may also refer to: Arts ...
, after their twin cousins and their mother. Although their parents had not married in the Church, as required for legitimacy under church law, they were legitimized by
Pope John Paul II Pope John Paul II ( la, Ioannes Paulus II; it, Giovanni Paolo II; pl, Jan Paweł II; born Karol Józef Wojtyła ; 18 May 19202 April 2005) was the head of the Catholic Church and sovereign of the Vatican City State from 1978 until his ...
in February 1993, eight months after their mother's marriage to Junot was
annulled Annulment is a legal procedure within secular and religious legal systems for declaring a marriage null and void. Unlike divorce, it is usually retroactive, meaning that an annulled marriage is considered to be invalid from the beginning almost ...
in June 1992.


Death

Casiraghi was killed in an offshore powerboat racing accident off the coast of
Monaco Monaco (; ), officially the Principality of Monaco (french: Principauté de Monaco; Ligurian: ; oc, Principat de Mónegue), is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Lig ...
near
Cap Ferrat Cap Ferrat (; en, Cape Ferrat) is a cape situated in the Alpes-Maritimes department in Southeastern France. It is located in the commune of Saint-Jean-Cap-Ferrat. Hospitius lived there as a recluse during the 6th century. Thus, the cape is s ...
on 3 October 1990 while defending his world offshore title. He was 30 years old and had planned to retire after the race. Only weeks earlier, he had survived an accident when his boat blew up off the coast of Guernsey.Kurth, Peter
"In the House of Grimaldi"
, '' Cosmopolitan''.
There were three to four-foot wave conditions on the race course, which caused Casiraghi's 42-foot catamaran, ''Pinot di Pinot'', to flip. Traveling at ca. 150 km/h, it did not have a full canopy, and experts who studied the accident have said that Casiraghi would most likely have survived the accident had the boat been equipped with one. As a result of his death, safety laws became more stringent; a safety harness and closed hull became compulsory, as was a twin hull design for boats. Races now take place close to the harbor where waves are gentler, which is policed off for safety reasons as boats are no longer allowed to drive near the course. Of the accident, Anne Edwards wrote that Casiraghi and his copilot, Patrice Innocenti, had been "trying to make up for time they had lost earlier in the race when they had stopped to rescue a pilot whose vessel had caught fire." Innocenti survived the accident. He was pulled from the water and taken to Monaco's Princess Grace Hospital. Casiraghi's funeral was held in Monaco's Cathedral of St. Nicholas eight years after Princess Grace's funeral in the same place.Tarraborelli, J. Randy :''Once Upon a Time: Behind the Fairy Tale of Princess Grace and Prince Rainier ''. Warner Books, 2004. Casiraghi is buried in the Chapelle de la Paix in
Monaco Monaco (; ), officially the Principality of Monaco (french: Principauté de Monaco; Ligurian: ; oc, Principat de Mónegue), is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Lig ...
, which is also the resting place of his wife's paternal grandfather, Prince Pierre of Monaco.


Notes


External links


Photograph of Stefano Casiraghi on the day he died
* {{DEFAULTSORT:Casiraghi, Stefano 1960 births 1990 deaths People from the Province of Como House of Grimaldi Italian Roman Catholics 20th-century Italian businesspeople Italian socialites Italian motorboat racers Motorboat racers who died while racing Sport deaths in France