Nearly half of the current F1 grid calls Monaco home.

Me🐲rcedes boss Toto Wolff is another high-profile 🧔resident.

Nico Rosberg, David Coulthard, Jenson Button and Mika Hak𝓀kinen 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 smallest.

Monaco has a population of approximately 40,000 people. A quarter of its♚ residents were born 𓆉there, including Ferrari’s Charles Leclerc.

One third of the population are millionaires.

Buying a property in the neighbourhoods of Monte Ca♔rlo, La Moneghetti, Condamine, Larvotto, Fontvieille or Monaco-Ville ܫwould cost more than some of the most exclusive parts of London.

This weekend’s F1 Monaco Grand Prix will be a short commute f🧔rom 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 applies to live in 𓆏Monaco must prove they have £500,000 in their bank account.

I🍌f you then stay in Monaco for more than 50% of the calendar year, there are major financial perks to be gain﷽ed.

The local government do not charge residents of Monaco any wealth tax, local tax, property t♕ax or capital gains ta✅x.

Security

High-profile individuals have unique needs.

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

There are lo🐽cal laws prohibi𒀰ting photography. It is a clampdown on paparazzi.

Monaco is renowned as being safe be🐟cause its millionaire 𓂃residents are able to boast security teams.

There is CCTV all over M♛onaco which means the nation does not require a heavy and visible police presence.

Travel

F1 drivers do a lot of travelling and𝄹 Monaco is a useful plac🤪e to stay between trips.

It is close to Nice airport, which has a significant usage by pri🐼vate ✨planes.

A heliport in Monaco can transpo🌠rt you to Nice airport in seven minu🧸tes.

F1 drivers will go back to their homes when the grand prix is in town, at the end of e𓆏ach day.

Weather

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

It is mild in winter bꦑut gloriously hot♋ during summer.

On average, Monaco is sunny for 300 days pe❀r year.