Monaco - land of supercars

Monaco is known as the supercar paradise on earth. It is more difficult to see ordinary cars here than to see Ferraris or Bentleys.

The Principality of Monaco, located in the heart of France, has an area of ​​only 2 km2 and is built on the hillsides. With a population of only about 40,000 people, Monaco is the second smallest country in the world and the most densely populated, with about 19,000 people per km2.

About 30% of Monaco's population are millionaires. This land is considered a playground for millionaires and billionaires in the world, because of its very low tax laws, attracting the rich to settle down.

The small but prosperous Principality of Monaco. Photo: Wikipedia.

Monaco ranks second in the world in terms of GDP per capita, at $153,177. GDP PPP per capita is $132,571 and GNI per capita is $183,150.

The real estate market here is the most expensive in the world, averaging about 58,300 USD/m2.

Supercars flooded the streets

Most of the world's most expensive cars are in Monaco just weeks after their launch. Billionaires who are citizens of Monaco are on the VIP list of Lamborghini, Ferrari, Rolls-Royce... They are always the first to receive limited products.

After a day in Monaco, you won’t even notice or count how many Ferraris or Bentleys you see, they’re so ubiquitous. In fact, more Ferraris and Bentleys are sold than Renaults or Opels. Rolls-Royces are as common as Volvos, and McLarens are as ubiquitous as Alfa Romeos on European roads.

The three most popular brands? The answer is Mercedes-Benz, Audi and Porsche. But don't think of it as a basic Mercedes or Audi, people here only like high-performance cars, so it has to be a Mercedes AMG or an Audi RS.

There are also many people who like small cars, and they choose the Abarth 500 over the regular Fiat 500. The Audi S1 ​​replaces the A1 and the Mercedes A45 AMG more than the A-Class.

Rich people's fair in Monaco. Photo: Forbes.

If you want to discover unique and extremely expensive cars in Monaco, you just need to go to Casino Square (Place du Casino) where the rich often come to "burn money".

The regular Veyron has become a very common car here, the new editions are enough to attract attention. LaFerrari, Rolls-Royce Bespoke often appear with rich bosses and supermodels and actors.

Only cars worth over $1 million have a chance to park in front of the entrance, while supercars under half a million dollars are often quickly driven into the garage by staff.

Super cars here are not used to shorten travel time between areas but only to show off the owner's wealth.

Who is the owner of the supercar here?

What you think of Monaco is wealth, supercars and casinos. But few people know why this city is a mecca for the rich. Why are people living in Monaco so rich? This is a question that many people wonder.

The reason for this phenomenon is the tax policy. In 1869, the government of this country agreed to completely exempt the rich from taxes to live here, the taxes of companies and individuals are very low. The rich from more than 100 countries have flocked here as a measure to avoid their assets being shared.

Famous racer Carina Lima is the owner of the $6 million Koenigsegg One:1. Photo: Autogespot.

Famous residents of Monaco include Formula 1 driver Lewis Hamilton, tennis star Novak Djokovic and Lady Tina Green, wife of British retail billionaire Philip Green, or female racer Carina Lima... In addition to tax benefits, the rich also like Monaco because of the living environment here. The weather is pleasant all year round, the politics are stable, and there are many attractive major entertainment events.

Millionaires and billionaires often choose Monaco as their second nationality because it is a tax haven for the rich. Monaco has a zero poverty rate and has the highest rate of millionaires and billionaires per capita in the world.

Monaco is famous for its giant yachts and the fastest supercars in the world.

The world's most expensive supercars parked in front of Casino Square. Photo: Marchettino.

The smallest apartment in Monaco costs around 1 million euros. Some citizens may lose their homes to gambling, but most of those who own a home in Monaco are considered millionaires. Even the poor-looking supermarket cleaner has a $700,000 apartment.

Of course, not everyone living in Monaco is rich. The average worker earns around 2,000 euros a month. This may be a high income compared to other countries, but with the high cost of living in the country, 2,000 euros is a drop in the bucket.

If you don’t have Monaco citizenship, everyday expenses can be really expensive. But if you are a Monégasque (Monaco citizen), you can get cheap apartments and live well on 2,000 euros a month.

Monaco has easy access via Nice Airport in France, and it is a short drive across the border. Yolande Barnes, director of real estate consultancy Savills World Research, says wealthy people prefer to become citizens of Monaco over other tax havens, such as the Cayman Islands, because it feels like a holiday rather than an exile. It is a popular place for the world's wealthy to settle down and spend their money.

Contrary to what you might think, Monaco is not a quiet place to relax, with supercar engines roaring all day and night. Tourists often come here just to take pictures of the expensive cars.

According to Zing