15 astounding facts about Monaco, the tiny French Riviera city-state where 32% of the population is made up of millionaires
- Monaco, a sovereign city-state on the French Riviera, is known for its lavish wealth.
- Each year, it hosts glamorous events such as the Monaco Yacht Show and the Monaco Grand Prix, earning it the nickname "Billionaires' Playground."
- With an area of just 0.78 square miles and a population of 38,300, Monaco is one of the densest countries in the world.
- Here are 15 mind-blowing facts about Monaco, from the number of millionaires who live there to the wildly high GDP per capita.
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Monaco, a sovereign city-state on the French Riviera, is known as a "Billionaires' Playground." The tiny city-state is famous for its lavish wealth, casinos, and glamorous events such as the Monaco Yacht Show and the Monaco Grand Prix.With an area of just 0.78 square miles and a population of 38,300, Monaco is one of the densest countries in the world.
1. With an area of just 0.78 square miles and a population of 38,300, Monaco is one of the densest countries in the world.
2. Monaco is smaller than Central Park in New York City.Advertisement
3. Monaco is home to 12,261 millionaires in less than one square mile.
4. Almost one in three people who live there is a millionaire.Advertisement
5. The average home in Monaco costs $4,560 per square foot.
6. In 2017, the average home price in Monaco for a resale — not even new construction — was €4.5 million, or more than $5 million.Advertisement
7. Monaco has one police officer for every 100 residents.
8. Citizens of Monaco, a city famous for its casinos, are forbidden by law from gambling.Advertisement
9. Monaco's GDP per capita is $165,420— the second highest in the world.
10. Monaco is one of only four countries in the world with a GDP per capita higher than $100,000.Advertisement
11. More than 75% of Monaco's residents are foreign-born.
12. Monaco has the highest average life expectancy in the world at 85.8 years.Advertisement
13. Monaco has a poverty rate of zero.
14. Monaco is home to one of the world's most expensive streets, which was once the priciest in the world ...Advertisement
15. ... and it's named for an American Hollywood legend who was also a princess.
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