Located on the French Riviera, Monaco is the second smallest country with the most people living in it, in the world. It is home to more millionaires and billionaires than anywhere else in the world. It is very expensive to live in Monaco, where you pay around $65,600 per square metre.
Monaco has it’s own monarchy, which it is ruled by Albert II, the Sovereign Prince of Monaco. He is the son of Prince Rainier III and Grace Kelly. He married former South African Olympic swimmer Carlene Wittstock last year.
Prince Albert is one of the wealthiest royals in the world and his assets are valued at over $1bn.
The centre of Monaco is about 16km from Italy and just 13km from Nice, France. The main language of Monaco is French, but Monegasque, Italian and English are widely spoken due to the mix of nationalities living in Monaco.



Monaco’s main income comes from tourism. Monaco has become a playground for the rich and famous, with the warm climate, great scenery and of course the casinos. Interestingly Monaco’s own citizens are not allowed to gamble in the casino. In more recent years Monaco has become a banking centre and has diversified into non-polluting industries such as cosmetics.


Monaco is currently playing host to the 22nd Monaco Yacht Show. A selection of 100 super yachts and mega yachts will parade around Port Hercule. This is a unique opportunity to see some of these yachts, 40 of them will be on show for the very first time. It is primarily a trade show for brokers; it does attract yacht fanatics, those who can afford them and those who can’t!
Monaco has been host to the Grand Prix since 1955. It is considered as the most prestigious races in the world. It takes 6 weeks to put the circuit put and three weeks to take it down. Only two drivers have ever crashed into the harbor, Alberto Ascari (1955) and Paul Hawkins (1965). Formula one is not the only motor sport that Monaco hosts. The Monte Carlo Rally has been help since 1911 and is organized by the Automobile Club de Monaco. It is regarded as one of the toughest events in the World Rally Championship.
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