Stefano Casiraghi was an Italian speedboat racer, socialite, and businessman. He was the son of Giancarlo Casiraghi and Fernanda Biffi, and became the second husband of Princess Caroline of Monaco. He was famous for having set a speed record in speedboat racing and was, at the time of his death in a racing accident, the world champion of offshore powerboat racing.
Early life
The son of Giancarlo Casiraghi, a businessman and Fernanda, Stefano Casiraghi grew up in the Casiraghi family's estate, Villa Cigogne, in Fino Mornasco. He had two brothers, Marco and Daniele, and one sister, Rosalba. He also developed an early passion for the speedboat races on Lake Como. He followed the course of his brothers by enrolling at Milan's Bocconi University. However, his eagerness to work in business was stronger than his wish to have a degree, or his skills to obtain one, and he left the university after only two years of study, to begin to work for his father and his oldest brother, Marco.
Business
He 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 described him as a financier and said, at his death, Casiraghi was Chairman of "Cogefar France". The same source said he had a majority interest in Engeco, a Monaco-based construction company which he founded in 1984. At the time of his first child's birth, it was said that 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 for 277 km/h on Lake Como in 1984. It is a very dangerous sport, but as Casiraghi once said, "There are more dangerous sports and I believe one should live life to the fullest."
Marriage and family
On 29 December 1983 in Monaco, 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, 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. Her father, Prince Rainier III was by all accounts initially suspicious of his new son-in-law as were many others. The Italian papers called Casiraghi "Carolino" and portrayed him as a mere plaything for his wife. The couple had three children: Andrea, Charlotte, and Pierre. The children are, respectively, fourth, eighth and eleventh in the line of succession to the Monegasque throne, after their twin cousins and their mother. Despite their parents' not having married in the Church as required for legitimacy under church law, they were legitimised by Pope John Paul II in February 1993, eight months after their mother's marriage to Junot was annulled in June 1992.
Death
Casiraghi was killed in an offshore powerboat racing accident off the coast of Monaco near Cap Ferrat 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 escaped death when his boat blew up off the coast of Guernsey. 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 such a canopy. 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 nowadays take place close to the harbour 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." Patrice Innocenti survived the accident. He was pulled from the water and taken to Monaco's Princess Grace Hospital. The funeral Mass was held in Monaco's Cathedral of St. Nicholas eight years after Princess Grace's funeral in the same place. Stefano Casiraghi is buried in the Chapelle de la Paix in Monaco, which is also the resting place of his wife's paternal grandfather, Prince Pierre of Monaco.
