Monaco is a tiny independent city-state on France’s Mediterranean coastline with a population of about 38,000 people. According to research into cities of Europe on the most high net-worth individuals, one in every three people in Monaco are millionaires. Now that’s interesting, isn’t it?
Among the top 20 cities in Europe ranked by density of millionaires, Monaco is first with 31.1%. Zurich was close with 24.3% at second rank however, London lacks behind at the fourth position with 3.4%. I am sure you din’t know this, did you?
Beautiful, isn’t it? Reports suggest that, the number of millionaires grew by 6% last year in this mini-country of Europe. It has the highest per capita GDP in the world. It is easily accessible and has attractive calendar packed year with high profile events such as the Grand Prix motor race.
Whoa! Certainly, yachts are also big business in Monaco. It also known for its upscale casinos and has a red-hot real estate market. Demand is high, supply is scarce and property prices are off the charts. Ultra-prime property in Monaco costs roughly $9,000 per square foot which is about 50% more than comparable places in New York City. Now that is new! Right? Here’s one such exotic apartment in Monaco:
Amazing, don’t you agree? How many of us knew so much about this beautiful place on earth? Tell us how did you like this piece of information in the comments section given below.