(CNN) -- Prince Albert of Monaco is engaged to former South African Olympic swimmer Charlene Wittstock, the palace announced Wednesday.
The 52-year-old prince and ruler of Monaco, the first child of Princess Grace and the late Prince Rainier, has never married.
In a 2004 interview with CNN's Larry King, Albert admitted it had taken him "longer than most" to find a wife.
"There have been some relationships where, had they gone on a little bit more, they would have headed that way," Albert said. "But I think it's -- it's so much your own timing and your own agenda and the person you want to be with".
Like his fiancee, Albert is also an Olympian, having competed in five Olympic Winter Games in bobsledding.
Albert has two younger sisters, Princesses Caroline and Stephanie.