Along the C .te d’Azur, there is a state, which is considered the most densely populated in the world. The approximately 38,000 inhabitants are grouped in just 1.95 square kilometers, while the length of the border barely exceeds 4 kilometers.
However, this state, which is smaller than New York’s Central Park, has the highest proportion of millionaires per capita, with 1 in 3 having assets worth at least € 1 million.
The reason for the rich and luxurious Principality of Monacowhich is bathed by the Mediterranean Sea and is surrounded -from north, east and west- by France.
This tiny state, which only joined the United Nations in 1993, is home to some of the richest people on the planet. After all, this is a country without a lot of taxes. Up to a minimum, we could say.
Every year, the port hosts the largest exhibition of yachts and luxury yachts in the world, while on its streets is held the famous Formula 1 Grand Prix.
Although not part of the Eurozone or the European Union, Monaco uses the euro as its main currency.
Most of the inhabitants are French, while only 20% are considered to be Monegasque, as the locals are called. There are also many Italians who prefer to stay in the C .te d’Azur country due to very low taxes and banking secrecy.
In terms of GDP per capita, this amounts to $ 190,000, when the average global GDP per capita barely exceeds $ 10,000.
Moneyreview.gr
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