Monaco is one of the smallest and richest sovereign nations in the world, but does it have a beach?
Monaco does have a beach, although it’s tiny and artificial. It measures little more than a thousand feet in length but it is frequented by many of the visitors to Monaco, or more specifically, Monte Carlo. The beach is called the Plage du Larvotto.
Read on to learn more about Monaco and why it’s a favored location for the super-rich.
Small Size, Big Bucks
Monaco is one of those locations within the world that comes with a certain mythical air about it. It’s known to many but frequented by far fewer, and has a history that stretches back several hundred years.
It’s a very location, being a sovereign city-state or ‘microstate’ surrounded on almost every side by another country, namely France. In fact, the only other sovereign that is smaller is the Vatican City in Italy.
Although it’s tiny, it’s recognized as one of the wealthiest locations on the planet. It boasts staggeringly-high real estate values, gargantuan average salaries, and a massive GDP, proportionate to its size.
It’s a fair question to ask why this minuscule nation is so wealthy, and there are actually very tangible reasons as to why. Firstly, the microstate scrapped any form of income tax way over a century ago and pushed auxiliary taxes as low as possible.
Owing to its location on the Mediterranean coastline and its proximity to the French Riviera, Monaco enjoys great weather all year-round. It’s also home to incredible shopping districts, luxurious hotels, and events like the Monaco Grand Prix.
There’s quite simply an abundance of wealth thriving Monaco, and money has attracted money for decades. At the forefront of the microstate is an expansive and famous harbor, the Port Hercule.
This harbor is frequently occupied by dozens, if not hundreds of yachts, most of them super- and megayachts. It’s the most stylish way to cruise into one of the most luxurious cities on the planet, and people take advantage of it quite often.
There’s an annual yacht show held in Monaco, bringing owners and sailors from all around the world. It’s estimated that at any one time, the value of the yachts in this show can exceed four billion dollars.
A little way down from Port Hercule is Monaco’s only beach, the Plage du Larvotto. It’s a relatively small beach, measuring little more than a thousand feet from end to end.
However, it’s frequented by tourists and locals alike and boasts a bustling promenade. It’s an artificial beach but you could say that’s a good thing, as it has been sculpted to look as good as it possibly can.
Lifestyles Of The Rich And Famous
Monaco has a dense population of super-rich residents that help boost the overall value of the nation. The streets are lined with supercars, tailored suits, and more gold and diamonds than anywhere else on Earth.
It’s said that tourists flock to Monaco just to get a glimpse of this exuberance, taking the opportunity to hunt for celebrities or incredible cars. There’s plenty of stock for examination, as a substantial list of the world’s celebrities calls Monaco home.
This list includes the likes of Bono, Lewis Hamilton, Novak Djokovic, Dame Shirley Bassey, and Ringo Starr. Throughout history, Monaco has remained a favorite of the world’s elite and the super-rich.
Monaco is so money-dense that there is absolutely no poverty within the city. It’s estimated that one-third of the city’s residents are at least millionaires, and it boasts a GDP per capita of around one hundred and sixty thousand dollars.
However, the majority of these figures are estimates, as the nation doesn’t actually monitor or measure the income of its residents. It doesn’t collect income tax, so it has no way to determine their actual numbers.
Although, the success of the city-state can’t be attributed solely to the wealth of its residents. Allegedly, Monaco is a considerably progressive nation, offering numerous housing programs, and free healthcare and education systems.
It’s said that you can quite literally see the wealth and opulence in the streets of Monaco, and in the architecture, and the people. The nation prides itself on being extremely well-kept, as clean as possible, and well-governed.
It’s quite an investment, but if you’ve got the upfront capital, why not consider relocation to Monaco? You can rub shoulders with the best of them and live out your life in the lap of true luxury.