Nearly half of the current F1 grid calls Monaco home.

Mercedes boss Toto Wolff is anot🌠h🌄er high-profile resident.

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

The exac♋t 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 appr𝓀oximately 40,000 peopleও. 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 Monte Carlo, La Moneghett💖i, Condamine, Larvotto, Fontvieille or Monaco-Ville would cost more than some of the most exclusive parts of ꦬLondon.

This weekend’s F1 Monaco Grand Prix will be a short com🌳mute from their glamorous homꦕes.

But why do so many F1 drivers live in Monaco?

Tax reasons

Monaco is a tax haven for the rich.

Any𝔍body who applies t𓄧o live in Monaco must prove they have £500,000 in their bank account.

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

Th🐼e local government do not charge residents of Monaco any wealth tax, local tax, property tax or capital gain꧅s tax.

Security

High-profile individuals have unique needs.

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

There are🔜 local laws prohibiting ph♔otography. It is a clampdown on paparazzi.

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

There is CCTV all over Monaco which means🧸 the nation does not require a heavy and visible police presence.

Travel

F1൩ drivers do a lot of travelling an🙈d Monaco is a useful place to stay between trips.

It is close to Nice airport, which has a significꦡant usage by private planes.

A heliport i♕n Monaco can tr🎐ansport you to Nice airport in seven minutes.

F1 drivers will go back to their homes when the grand prix is in town, at the en꧋d of eꦏach day.

Weather

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

It is mild in winter🌠 but gloriously hot during summer.

On avera𒆙ge, Monaco is sunny for 300 days per year.