INSIDE THE RICHEST COUNTRY IN THE WORLD 🇲🇨 MONACO

Monaco is the most expensive country on planet earth. Here one every three residents is a millionaire. I think we should answer the most common question which is why Monaco is so rich and there are four main reasons. You don't pay any taxes and a very small studio will cost you millions of dollars. Guys this is literally a studio 50 square meter 4.6 million euro I cannot believe this there are so many more interesting facts about this tiny tiny country so guys you will think that this is monaco right but actually it's not so sit back relax and enjoy this video good morning guys from monaco the richest place on earth also the most safe and the most densely populated we're gonna learn many things about this tiny place but at the same time the most exclusive and luxurious place on the planet welcome to monaco let's take a quick step back and let me tell you that i'm riding through southern france with my own motorbike i left the Gorge du Verdon which is incredible and then i made it to monte carlo as soon as you approach monte carlo you can feel straight away that you're entering into a different world you casually see Bugattis everywhere and you're like what the hell is going on here just to give you an idea this Bugatti Chiron that you're seeing right now costs around 4 million euros right now and in Monaco you can see hundreds of cars like this every day and on top of that without knowing it I arrived the day after the F1 Monaco Grand Prix the Monaco one is probably the most exclusive and the most special of F1 and they were still dismantling and cleaning the entire city here you have the most exclusive and the biggest yachts in the world as you can see and also one time per year they have the yacht exhibition so all the yachts from around the world that come here and it's like a massive show and the one behind looks like a yacht but it's actually a building and that's the Yacht club they literally built it exactly as a yacht this one guys is the famous tunnel of the Formula One and thinking that just yesterday they were racing is crazy look at this and you know what's crazier meeting Charles Leclerc just outside the tunnel i don't know if you can see him because he's quite far but he's taking a selfie with the fan guys it's unbelievable i just met Charles Leclerc with his girlfriend walking by i didn't stop him i didn't ask him anything because i didn't want to you know like ruin his privacy but i was like whoa Charles Leclerc is here what you are looking at right now completely shocked me because this condo right in front of us is called Le Renzo and it's the most expensive real estate in the world buying a unit here can cost minimum 70 million us dollars for a simple condo all the way up to 550 million us dollars so half a billion us dollar for a condo this is absolutely insane man you can buy an archipelago of islands or a massive five-star luxury resort in France or Italy or Thailand or you can even save the life of millions of kids and even lift an entire population out of poverty but here in Monaco you get a condo and this really shows how expensive this little country is this entire area guys is called Terra Mare and it's basically the newest district of Monaco and the interesting thing is that it was just water until just few years ago so because Monaco has a space problem so basically there is no more space to build because the the country is so small they basically reclaim the ocean and they build this incredible like neighborhood basically with luxury condos hotels a nice walk just along the ocean and it's super fascinating to see how because they don't have any more space on the land they are basically expanding into the sea now the thing that surprised me the most about this building is that anybody can just walk under the building and around and there is not much privacy and security around here considering that is the most expensive condo in the world i think we should answer the most common question which is why Monaco is so rich and there are four main reasons the first one is that it's the first place in Europe that had a legal casino. Technically it's not the first one the first one was opened in Venice in 1638 and later on also in France in the 1700s but all those casinos they were later shut down and banned while this casino the Monte Carlo casino opened in 1863 and as you can see it's still open today day and over the decades brought a lot of money and wealth into Monaco the second reason is that they remove personal income tax so you paid zero percent and also capital gains tax so a lot of rich people and millionaires and billionaires start to move here to Monaco i will tell you more about this shortly because actually Monaco is not tax free for everybody the third reason is that it's located right here I mean let me show you look at this I mean there is not much to explain you have the beautiful mountains behind and then a blue clean ocean and you have Italy very near and then all around is France so tourists are happy to come here and visit but most importantly rich people are happy to move here and start their new life in this beautiful place and the fourth reason is that this place is called Principality of Monaco and principality means that there is a prince here ruling the the country and it's the Grimaldi family and it's one of the richest and most powerful families in the world if you're ultra wealthy you want to live in a place that protects you and keeps you safe and also where you can have a little bit of fun and Monaco it's all of this and mostly thanks to the Grimaldi family do you see this green area this one is the Rock of Monaco and on top of it the town is called Monaco-Ville and this building right here inside Monaco-Ville is the Prince's Palace that's where Prince Albert II the current ruler of Monaco and his family live and an interesting fact is that the Grimaldis has ruled this tiny country of Monaco for more than 700 years this is the Monaco beach guys it's not so big but it's actually pretty nice and consider that this is the most densely populated country in the world the water is pretty clear it's good that the Fondation Prince Albert II of Monaco they also take care of underprivileged communities there it is i'm actually going there very soon to Indonesia so we will see this with our own eyes stay tuned for that Monaco it's a very small bubble and it's very easy here to get detached from the rest of the world the truth is that most of the world is struggling unfortunately and it's beautiful to see when super wealthy people they don't forget the rest of the world and they decide to help and support when I see these kind of things it really gives me a lot of respect for them talking about Charles Leclerc which I just saw here in Monaco there is zero percent tax not for everybody but for the individuals so here it's perfect if you are like an actor for example or like a sportsman like Charles Leclerc or maybe like a tennis player as well and all kind of sports and it's also great if you are an investor or any kind of business that it's like a physical person but for businesses and corporations there are actually taxes so it's not actually zero percent for everybody so even though Monaco is so expensive to live here it's still worth it because of the money that you save by not paying taxes capital gain taxes and individual taxes so because Monaco is so small has been built on different layers and all around the city and all around the country basically it's full of like public elevators that are free and you can just use them to move from one level to another level here is another public elevator so yeah Monaco is considered to be the richest city in the world because one every three people residents here they are multi-millionaire 38 percent of the residents are multimillionaire much more than Singapore much more than any other place in the world it doesn't have the highest number of millionaires because in places like New York London there are more millionaires here is compared to the amount of people living here because it's such a small country that the percentage of millionaires is extremely high the highest one in the world so imagine you walk around and one every three people it's a multi-millionaire you can definitely see it you know as you can see guys the average price for a home in Monaco is no less than 2 million this is on 2.2 million but many of them 3 million 8.5 million euros three million i mean it doesn't take much right because if the average house here even just a small apartment costs like two three five seven million euros you can just sell one and you are a multi-millionaire so it's kind of easy so the smallest country in the world is the Vatican which is inside Rome i wouldn't even consider a country but it's actually a country and Monaco is the second one it's only two square kilometer and they've built literally everywhere like every single centimeter they are building because there is literally no space even here you can see now they're probably building like another condo over there so every little space even under this bridge you know it's so small but they find a space to probably build another condo over there unbelievable you can see how every building is literally attached to the next one there is such a little space look at this apartment guys 194 square meters 12 million euros and this is the rent this one is like 40,000 euros per month 150,000 euros per month 6,500 25,000 i think the cheapest one that i found is this one 3,200 euros per month for the studio 41 square meter this one i think is the old part of Monaco because it feels more authentic and also the buildings are a bit older i'm gonna get a slice of pizza pizza reine i have a lot of delicious stuff here an interesting fact is that Monaco is smaller than New York Central Park which is 3.4 square kilometers while here it's only two square kilometers so imagine a country being smaller than a park guys this is crazy i thought i was like in the old part of Monaco and i was telling you yeah this feels like more authentic more traditional older building but this is actually France i already crossed from Monaco to France so basically on this side of the road is Monaco and on this side of the road is France so here you have zero percent tax and a very different legislation and most importantly a very expensive cost of living and just across the street you're in France you have to pay taxes but also the cost of living is much lower so to better show you this invisible line between France and Monaco let me bring you to a beautiful place in France we will come back to Monaco very soon because there are other interesting things that i want to share with you by the way it's absolutely crazy to ride the exact same streets as the F1 cars literally yesterday in this tunnel the F1 cars were flying at 300 kilometers per hour unbelievable man what a feeling it's really really hard to explain and this is Monaco man this way well this is insane so beautiful so i just met these two guys from Poland and i'm shocked because they basically walk all the way from Nice up here How long did it take you to come all the way from here? six hours hours. So you will think that this is Monaco, right? But actually just half of it is Monaco, because this part where you see the orange, brownish roofs, the soccer field and then all this part, it's all France. Monaco is just the other half where you see all the modern buildings on the coast and that's it. And then the port area and this part. now you really understand how small and why it's just two square kilometer those two guys they did 25 kilometers today all in the mountains like all hiking they left at 9 30 in the morning and they just arrived here on top of the mountain now at 4 30 pm and now they still have to go down to Monaco to check it out and then they will take a train back to Nice and this road to ride is so much fun and the view is just breathtaking it's called Avenue du Cap d'Aille and i just took it randomly if you're familiar with this area let me know if there are similar roads to this one or maybe even better one because i would love to come back but for now let's go back to Monaco because i still want to explain you how to get the residency and move here if you have the money but the main reason why the real estate is so expensive of course because the space is very limited but mostly because in order to become a resident of Monaco so to pay like zero taxes you need to buy a property here in the municipality or you need to rent a property here so that's mandatory in order to become a Monaco resident and also you have to deposit at least 500,000 euros on a local bank account so now you understand why you need to be kind of wealthy to move here not only you have to rent or buy here but you also have to deposit money and then of course once you get the residency here you also need to live here so you need the money to afford to live in a place like here because if you don't stay at least 180 days here you will lose the residency so you actually have to live here at least six months per year and because so many wealthy people want to move to Monaco but they don't have space so then they keep building and building and the prices they keep going up and up to the point where they have to build on the water to kind of satisfy the demand this one is the Monte Carlo Casino and for example this kind of condos which are kind of new and literally in the heart of the city they probably cost 10 million dollars and up at least probably like 50 million dollars per condo part of the Mareterra project they also made this Japanese garden in the heart of the city man this is super cool and even though Monaco is a concrete jungle I really appreciate and I really like how much effort and care they put into green spaces gardens and parks really really nice they've done a really really good job man now that I see so many super cars everywhere literally all the time even now just a Lambo past you don't have any feeling you know you take it for granted it's just normal don't get me wrong here I really really love cars so you never get tired of seeing beautiful cars but the truth is that you get desensitized when you see so many supercars and so much luxury all around. Actually this is true for everything in life, every material object in this world. You get used to it and the excitement wears off very quickly. It can be a new iPhone, a house, a car, a boat, a jet. Just as humans we start to take whatever we see or whatever we possess for granted and the dopamine in our brain is gone very quickly so when you come to places like this at the beginning you're like very shocked it was like wow it's like a playground but then very quickly you get used to it so i think this is a great reminder for all of us that no material object in this world even our biggest dream will give us the permanent satisfaction that we hope to receive by possessing those things. So I'm here at the Casino of Monte Carlo, which is the landmark of the city-state of Monte Carlo. But a very interesting fact is that the citizens of Monte Carlo, which are called Monégasque, they are banned from gambling so they cannot enter the casino and they cannot gamble money it's only for the foreigners to come here gamble and spend money and lose money. Another interesting fact is that Monaco is so small that doesn't have an airport so the closest airport is the one in Nice which is the Nice Airport Côte d'Azur and most people from Monaco just catch a helicopter from here to the airport which takes only seven minutes it's super fast and it costs around 200 euros per ride from here to the airport so that's how the locals go to the airport obviously I'm exaggerating here because not everybody goes to the airport with a helicopter let's not forget that the majority of the residents of Monaco are regular people with a regular job and a regular life and not with billions of dollars in the bank account another uniqueness of Monaco is the amount of cameras that you can find here it really looks like you are in China because there are thousands and thousands of cameras and the reason is that Monaco is one of the safest places in the world they really value the privacy and also the safety there is zero percent poverty and also no crime here so it's super safe and it has to be like this because if you have the richest people in the world living here of course they want to have safety and privacy and that's why you have cameras everywhere and they have a system where the police always can check the camera and control the entire situation of Monaco because it's not so big so it's kind of easy to check everything so there is literally no way to steal anything or to do any crime because they will catch you within the minutes alright guys from the richest place on earth I'm going to end the video here I'm pretty tired because I've been going around for two full days here in Monaco man forget about Dubai forget about Singapore forget about Macau like there is no place like Monaco really the amount of wealth that you can see here and that you can feel and experience is really the number one in the world for me to be honest this one is not really my ideal place i kind of feel awkward and uncomfortable in this kind of cities and situations even you can see how i'm dressed i really look like a homeless with a decathlon jacket decathlon shoes my jeans are kind of dirty from the road trip from spain with with the motorbike I'm walking around with the helmet so I was feeling super uncomfortable outside the casino where everybody was like super well dressed everybody looking at each other like this and try to act like rich I mean most people are rich but also a lot of people come in there just to see the luxury cars and the rich people but I also like to experience this kind of things I like to experience everything from the slum of Mumbai or Nairobi in came to the richest place on earth here in monte carlo i like to see the full spectrum of our society and of our world and despite everything i must say that monaco is a really beautiful place the architecture even just behind me this one is the the back of the casino and it looks so nice it's really you can really see some great architecture here and the city is completely developed over the ocean on the cliff on the ocean so it's just a beautiful place let me me know in the comments down below what do you think and let me know if you've ever been here i'm curious to read your opinions your comments your feedback let me know what you think about this place i'll send you a big hug and i will see you in the next video bye