What It's Like To Be A Billionaire In Monaco

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.

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

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

[mastervz]

If you think money can’t buy happiness, you don’t have enough money.

[jacquelynchan]

Well this made me feel a whole new level of broke😂😅

[keshav]

Imagine being a billionaire and still feeling poor among the citizens of the country

[laszlolee]

As a USA citizen living in Monaco, I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not. my reserve of $450k is still laying waste to inflation and I don't know what to do at this point.. I need solid data on market trajectory..

[julietphillips]

I feel wealthy just listening to this!

[gian]

Sad story sad, I work in Monaco but I'm by any means a millionaire. Actually it kinda sucks because everyone thinks you are rich while, in fact, you'r not.
But it's kinda cool to have a salad for lunch in front of the yachts of the rich ones.

[dailydesert]

I love eating top Ramen watching these videos 🍽😂

[angelovalavanis]

Monaco looks like one grand resort! Looks beautiful. A job well done to the royal family for the success of their tiny but very significant nation.

[nathanmulwa]

I never thought Monaco is such rich, awesome video

[guidedmeditation]

Monaco really is special and nicer than I had expected because It is so dense. Sure it is cramped and dense but you can feel a special aura when you are there. I found it interesting that Monaco is just 3 acres larger than the Magic Kingdom at Disney World, but living in Monaco you actually have the entire Riviera as your playground with Monaco being like a gated community you come and go from.

[med]

they can easily fit as James Bond villains 😁

[elvirastokes]

Thank you for sharing, humbling been to Monaco in 2017 part of my European escapade with Trafalgar tours, Monaco you Beauty and Cheers to all B 🙌🥂

[privateequityguy]

I wish all people a year filled with close relationships, platonic and romantic love.

[mitchellbarnow]

A billionaire in Monaco is like being a millionaire everywhere else!

[jbpivl]

my neighbour lives in monaco and i’m so jealous, it’s my favourite country

[DiabloNemes]

And I am thinking of starting a real estate company in Monaco !🙂🙂🙂

[PrimeGaming]

This video made me look like a fly on the face of the Earth

[eslacarla]

Because of the economic crisis and the rate of unemployment, now is the best time to invest and make money 💯.

[htesmith]

As a resident of Monaco I have to say this isn’t entirely accurate. In particular, the point regarding going to the casinos as a resident, as an international resident you are more than encouraged to go! The native Monegasque population are banned from the casinos / gambling. Big difference

[Alexindiegamedev]

I myself am working hard to get myself and my loved ones out of poverty and become its first millionaire and possibly billionaire