Find out which F1 Drivers Live in Monaco. Monaco is a small city-state on the Mediterranean coast, famous for its glamorous lifestyle, luxury casinos, and the annual Monaco Grand Prix.
It is also home to many Formula One drivers, past and present, who enjoy its tax benefits, climate, and proximity to other racing venues. But what exactly makes Monaco so appealing to these high-speed heroes? And who are the F1 stars who have chosen to live in the Principality?
In this article, we will explore the reasons why F1 drivers live in Monaco, and reveal some of the names and stories behind their decisions.
Here are some of the reasons why F1 drivers choose to live in Monaco.
F1 Drivers Monaco – Monaco Has Tax Advantages
Monaco does not impose income tax, capital gains tax, or wealth tax on its residents, making it an attractive destination for high earners like F1 drivers.
They can save millions of euros by living in Monaco instead of paying taxes in their home countries or other jurisdictions.
F1 Drivers Monaco – Monaco Has A Great Climate And Lifestyle
Aside from being known as the racing destination, the principality of Monaco is also a great place to live.
Monaco has a mild and sunny climate all year round, with an average temperature of 16°C. It also offers a variety of leisure activities, such as yachting, golfing, skiing, and gambling.
F1 drivers can enjoy the glamorous and relaxed lifestyle of Monaco, as well as its cultural and social events.
F1 Drivers Monaco – Monaco Has Good Proximity And Convenience For F1 Drivers
Monaco hosts one of the most prestigious races in the Formula 1 calendar, the Monaco Grand Prix. Living in Monaco allows drivers to be closer to the circuit, reducing commute times and making it more convenient for them to participate in the race and other related events.
Monaco is close to many other European countries and racing circuits, making it easy for F1 drivers to travel to and from their races.
They can also use the Monaco heliport or the nearby Nice airport to fly to other destinations.
Monaco also has excellent infrastructure and security, ensuring a comfortable and safe living environment for F1 drivers.
F1 Drivers Monaco – Monaco Has Community And Prestige
Monaco has a large community of F1 drivers and other celebrities, who often socialize and support each other. F1 drivers can also benefit from the prestige and reputation of living in Monaco, which enhances their image and brand value.
F1 Drivers Monaco – It Has Networking opportunities
Monaco attracts a wealthy and influential international community.
Living in Monaco enables F1 drivers to connect with.
- Team Owners
- Other Professionals In The Motorsport Industry
- High-Net-Worth Individuals Who Attend Events And Gatherings In The Principality.
This can be beneficial for their careers and personal networks.
F1 Drivers Monaco – Training facilities and infrastructure
Monaco provides excellent training facilities and infrastructure for F1 drivers.
The proximity to the Mediterranean Sea offers opportunities for water-based training, and the region has various sports facilities, gyms, and specialized training centers catering to the needs of professional athletes.
Which F1 Drivers Live In Monaco
Some of the F1 drivers who have lived or currently live in Monaco are:
F1 Drivers Monaco – Sergio Perez
Sergio Perez, the Red Bull driver, lives in the Principality, and last season he won his first Monaco Grand Prix.
F1 Drivers Monaco – Valtteri Bottas
Valtteri Bottas the Finnish driver, who currently races for Alfa Romeo, lives in Port Hercule.
Valtteri is an avid cyclist, he like many others in the Principality such as Mark Webber, make the most of the mountainous local roads and can be seen cycling on the Haute, Moyenne or Basse Corniche, which leads you all the way to Nice.
Bottas also competed in the maiden edition of the Beking event in 2021.
F1 Drivers Monaco – Alex Albon Lives In Monaco
Alex Albon, the Williams driver, who has British and Thai nationality, lives very close to the paddock during the time of the Monaco Grand Prix.
He splits his time between the team headquarter in the UK and Monaco.
Albon stated financial reasons as a motive, joking with his teammate that he wants “to keep his money”.
F1 Drivers Monaco – Nyck De Vries Lives In Monaco
The Dutch driver Nyck De Vries races with Alpha Tauri in 2023.
He likes the communal element of living in Monaco. “I think it is a very sporty community. It is very international and welcoming.
F1 Drivers Monaco – Lewis Hamilton Lives In Monaco
Lewis Hamilton The seven-time world champion and Mercedes driver moved to Monaco in 2012 from Switzerland.
He is one of the highest-paid athletes in the world and saves millions of euros by living in Monaco. He also likes the privacy and freedom that Monaco offers, as well as its nightlife and restaurants.
Nico Hülkenberg Lives In Monaco
Nico Hülkenberg lives in Monaca for the beauty of the local area. Another reason is his reported pre-race ritual.
Hulkenberg likes to sleep at home the night before a race, and living in the Monaco allows him to do that on the eve of the Monaco Grand Prix.
Charles Leclerc Lives In Monaco
Charles Leclerc, the lead driver was born and raised in Monaco, and still lives there with his family. He considers Monaco his home and loves its atmosphere and history.
Lando Norris Lives In Monaco
Lando Norris, the McLaren driver revealed his move to the Principality in December 2021, citing financial reasons as well as following the crowd. He is entering his fifth season in Formula 1.
George Russell Lives In Monaco (This is not confirmed)
George Russell, Mercedes driver has moved to Monaco. He wanted stability for himself by having everything at home so he can give it absolutely everything I’ve got on the racing.
Daniel Ricciardo Lives In Monaco
Daniel Ricciardo moved to Monaco in 2013 from Australia.
He is known for his cheerful and outgoing personality and enjoys the convenience and diversity of Monaco. He also likes the natural beauty and views of Monaco, and often goes cycling or hiking around the area.
Nico Rosberg Lives In Monaco
The 2016 world champion and former Mercedes driver was born in Germany but grew up in Monaco.
He retired from F1 in 2016 and still lives in Monaco with his wife and children. He is involved in various environmental and social projects in Monaco, such as promoting electric mobility and supporting education initiatives.
Max Verstappen Lives In Monaco
Two times world champion and Red Bull driver Max Verstappen, has been living in Monaco since October 2015, and currently resides in Fontvieille.
Ayrton Senna Lived In Monaco
The legendary Brazilian driver lived in Monaco from 1984 until his death in 1994. He won the Monaco Grand Prix six times, more than any other driver. He loved the challenge and thrill of racing in Monaco, as well as its elegance and charm.
There is no requirement for F1 drivers to live in Monaco. The principality offers many financial, lifestyle and logistic benefits to F1 drivers that presents a compelling case.
New drivers or those who have recently moved to the sport may also choose to relocate to Monaco for these reasons. Ultimately, it’s up to the individual driver to decide where they want to live and train.