Located on the French Riviera, Monaco is home to the largest number of millionaires and billionaires in the world.
It is also the world’s second smallest country, with only two square kilometres in total land area.
Known for its gambling and luxury goods and services industry, Monaco is a favourite playground of the rich and famous, the former drawn by its climate and the beauty of its setting and the latter by its advantageous tax regime.
In 2014, it was noted that about 30 per cent of the population was made up of millionaires, more than in Zurich or Geneva. The country is a major banking centre that closely guards the privacy of its clients.
Bordered by France on three sides and on one side by the Mediterranean Sea, the residents of Monaco are mostly French-speaking.
With a population of over 38,000, Monaco is the world’s most densely populated sovereign state. The most popular annual event is the Formula 1 race, with tracks passing through the city streets.