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October 29, 2021

Only the richest people in the world can afford to move to Monaco. Billionaires in other countries are homegrown, but Monaco’s richest people come from abroad. Here’s a look at what it’s like to be a billionaire in Monaco. Monaco’s richest resident is Sir James Ratcliffe. At the time of producing this video, Ratcliffe had a net worth of $15.7 billion, which makes him the richest person in Monaco. He reportedly left the UK and moved to Monaco to cut his tax bill. Real estate prices in Monaco are astronomical, but there’s one apartment that is far more expensive than the rest. The Sky Penthouse at Odeon Tower has a price tag of $387 million. Only the richest of the rich can afford to live at Odeon Tower. The Sky penthouse spans five floors and features five luxurious bedrooms and a private cinema. Each floor of the penthouse has its own kitchen, the residents of the Sky penthouse have access to a whole team of butlers, maids, chauffeurs, and chefs. The sky penthouse even has a waterslide and infinity pool. Monaco is so rich that income inequality in the country is practically non-existent. The only income inequality that exists is between millionaires and billionaires. In fact, one-third of the people living in Monaco are millionaires, and not a single resident lives below the poverty line. Because nearly everyone living in Monaco is incredibly wealthy, the government doesn’t even bother to track poverty rates. Keep watching to find out more about Monaco’s wealthiest citizens.

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Written by: Max Power
Narrated by: Adam Newmark
Edited by: Gonzalo Lugo


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CHAPTERS:
0:31 Monaco’s billionaires
3:36 Excess in Monaco
7:20 Economic Utopia

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