Nearly half of the current F1 grid calls Monaco home.

Mercedes boss Toto Wolff is another high-profile resid🗹ent.

Nico Rosberg, David Coulthard, Jenson But🍒ton and Mika Hakkinen also live in Mon🦩aco.

Tౠhe exact locations of the F1 drivers’ homes remains top secret. But we do know that they all reside in the luxury nation, which is one of the world’s smallest.

Monaco has a population of approximately 🌄40,000 people. A quarter of its residents were born there, including Ferrari’s Charles Lec📖lerc.

One third of the population are millionaires.

Buying a property in the neighbourhoods of Monte Carlo, La Moneghetti, Condamine, Larvotto,🌜 Fontvieille or Monaco-Ville would cost more than some of the 🍃most exclusive parts of London.

Th🐼is weekend’s F1 Monaco Grand Prix will be a short commute from their glamorous homes.

But why do so many F1 drivers live in Monaco?

Tax reasons

Monaco is a tax haven for the rich.

Anybody who aꦆpplies to livꦕe in Monaco must prove they have £500,000 in their bank account.

If you then stay in Monaco for more than 50% of the calendar year, there are major financial pe𝔉rks to be gained.

The local government do not charge residents of Mona𝐆co any wealth tax, l🤪ocal tax, property tax or capital gains tax.

Security

High-profile individuals have unique needs.

Monaco allows them the possibility to have privacy and security, which living inꦯ a major city could not provide.

There are local laws prohibiting photography. I🌠t is a clampdown on paparazzi.

Monaco is renowned as being safe beca🅰use its millionaire residents are able to boast security teams.

There is CCTV ꦓall over Monaco which means the nᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚation does not require a heavy and visible police presence.

Travel

F1 drivers do a lot ✃of travelling and Monaco is a useful place to🍸 stay between trips.

It is close to Nice aꦯirport, which has a༒ significant usage by private planes.

A heliport in Monaco can trans💜port you to Nice airport in seven ♚minutes.

F1 drivers will go back t⛦o their homes when the grand prix is in town, at the end of each day.

Weather

Unlike the gloom of📖 the UK, F1 drivers can enjoy the sunshine of the Principality.

It is mild in wint✨er but gloriously hot during summ💖er.

On average, Monaco is sunny for 300 d♓ays per year.