Nearly half of the current F1 grid calls Monaco home.

Mercedes boss Toto Wolff is another high-profile ൩resident.

꧋Nico Rosberg, David Coulthard, Jenson Button and Mika Hakkinen also live in Monaco.

The 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 sma🐼llest.

Monaco has a populati♛on of appro♎ximately 40,000 people. A quarter of its residents were born there, including Ferrari’s Charles Leclerc.

One third of the population are millionaires.

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

This weekend’s F1 ✨Monaco Gra꧙nd 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 applie꧒s to live in Monaco must prove they have £500,000 in their bank accounꦅt.

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

𒐪The local gove🔴rnment do not charge residents of Monaco any wealth tax, local tax, property tax or capital gains tax.

Security

High-profile individuals have unique needs.

Mඣonaco allows them the possibility to have pr🌞ivacy and security, which living in a major city could not provide.

There are local laws proh﷽ibiting photography. Iꦐt is a clampdown on paparazzi.

Monaco is renowned as being safe because its ꧙millionaire residents💎 are able to boast security teams.

There is CCT🍎V all over Monaco which means the nation does not require a heavy and visible police presence.

Travel

F1 drivers do a lot of travel༺ling and Monaco is a useful plaꦍce to stay between trips.

It is close to Nice airport, which h🗹as a significant usage by private planes.

A heliport in Monaco can transport you 🍎to Nice airport in seven minutes.

F1 drivers will go back to their homes when the g⛄rand✅ prix is in town, at the end of each day.

Weather

Unlike the gloom of the UK, F1 drivers can enjoy the sun⛦shiꦏne of the Principality.

It is mild in winter bꦜut gloriously hot during summer.

On avera🌱ge, Monaco is sunny for 300 days per year.