What It's Like To Be A Billionaire In Monaco
Ойын-сауық
Only the richest people in the world can afford to move to Monaco. Billionaires in other countries are homegrown, but Monaco’s richest people come from abroad. Here’s a look at what it’s like to be a billionaire in Monaco. Monaco’s richest resident is Sir James Ratcliffe. At the time of producing this video, Ratcliffe had a net worth of $15.7 billion, which makes him the richest person in Monaco. He reportedly left the UK and moved to Monaco to cut his tax bill. Real estate prices in Monaco are astronomical, but there’s one apartment that is far more expensive than the rest. The Sky Penthouse at Odeon Tower has a price tag of $387 million. Only the richest of the rich can afford to live at Odeon Tower. The Sky penthouse spans five floors and features five luxurious bedrooms and a private cinema. Each floor of the penthouse has its own kitchen, the residents of the Sky penthouse have access to a whole team of butlers, maids, chauffeurs, and chefs. The sky penthouse even has a waterslide and infinity pool. Monaco is so rich that income inequality in the country is practically non-existent. The only income inequality that exists is between millionaires and billionaires. In fact, one-third of the people living in Monaco are millionaires, and not a single resident lives below the poverty line. Because nearly everyone living in Monaco is incredibly wealthy, the government doesn’t even bother to track poverty rates. Keep watching to find out more about Monaco’s wealthiest citizens.
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Written by: Max Power
Narrated by: Adam Newmark
Edited by: Gonzalo Lugo
For copyright matters please contact us at: legal@valnetinc.com
CHAPTERS:
0:31 Monaco’s billionaires
3:36 Excess in Monaco
7:20 Economic Utopia
Пікірлер: 454
You can't win the war of financial peace, if you don't live on less than you make, so you can give money back and have money to invest. Save less and invest more to attain a financial peace
@kendrickmason2577
2 жыл бұрын
You are right my friend, how many millionaires do you know who got rich from living above their means ? This is why I am diversifying and investing more in cryptocurrencies and it has paid off.
@joesphcu8975
2 жыл бұрын
Bitcoin is the future of the digital world, investing in Bitcoin has made me financially stable. It is a pity that many people who are going through intense difficulties have ignored bitcoin, when bitcoin can improve their financial situation.
@rodri5511
2 жыл бұрын
I have lost so much on trading, please I need a professional to handle my portfolio?
@kendrickmason2577
2 жыл бұрын
@@rodri5511 I have earned a lot from bitcoin trading which has been my main source of income.
@kendrickmason2577
2 жыл бұрын
@@rodri5511 I faced a lot of inexperience and struggled with a series of recurring losses during my rookie days trying to profit from trading. I win almost three times thanks to the help of Christopher George
Imagine being a billionaire and still feeling poor among the citizens of the country
@lexkanyima2195
2 жыл бұрын
Be smart
@flexzyftw3195
2 жыл бұрын
Yaa just live in india peoples like you are celebrity 😂😂
@ktkilntime1586
2 жыл бұрын
Actually, the citizens of Monaco typically are not even millionaires. There are a lot of residents, but very few citizens, and the government actually subsidizes their apartments because rent is so expensive
@dethtour
Жыл бұрын
@@ktkilntime1586 true. 1/3 are worth over 1.5million. The rest are either what you consider lower upper class or middle upper class. You can live there making 100,000 a year but you're going to live in a studio apartment for a very very long time unless you have a spouse that makes the same.
@zetathecreator9285
Жыл бұрын
@@flexzyftw3195 India just getting tourists makes people a celebrity
As a USA citizen living in Monaco, I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not. my reserve of $450k is still laying waste to inflation and I don't know what to do at this point.. I need solid data on market trajectory..
@romiverajr
Жыл бұрын
I'll suggest you find a mentor or someone with experience guide you especially in this recession.
@krisgrigo
Жыл бұрын
@Mark Lofgren I just started few months back, my grandson helps me but I'm going for long term, I'm still trying to figure it out honestly.. Which advisor do you work with?
@monicavazquez280
Жыл бұрын
@Mark Lofgren I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her.
@krisgrigo
Жыл бұрын
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume
@mxultra8995
Жыл бұрын
You can take a mutual fund etf like spx and invest 10 percent right off the bat. Everytime the etf hits a resistance or support you can just invest another 10 percent. You can play around like that for years gradually making it more complex to suit your novice to pro style. You can also look into A.I. if you want to shift through the financials or with help choosing the right etf or stock for you along with proper support and resistance setup as well as escape plans.
If you think money can’t buy happiness, you don’t have enough money.
@lesleybrown1583
2 жыл бұрын
its an illusion of happiness truly-------
@-BigIi-
11 ай бұрын
It makes many things in life much much easier if you have lots of it. This is undeniable. My heart will still yearn for spiritual things, and I couldn't ignore what life truly is as a whole.
Well this made me feel a whole new level of broke😂😅
@jacquelynchan9483
2 жыл бұрын
@Crux 89 and when exactly is the world gonna end
@charleyjr.iriarte7428
2 жыл бұрын
@@jacquelynchan9483 just don´t envy these rich people. They are not that happy.
@jacquelynchan9483
2 жыл бұрын
@@charleyjr.iriarte7428 I don't envy them at all however how would you know they aren't happy, have they told you that, are you one of them, even if you are it's not like you can speak for them all
@charleyjr.iriarte7428
2 жыл бұрын
@@jacquelynchan9483 hahaha! Not being rigid, but they have no breaks from competition. I am not saying that they are an unhappy people. Their excitement means nothing. Look at the things that they are buying😄😆 If God allows us to go further, their yacht shows would become the poor standards of the near future. They are happy but not satisfied with their current ambitions. They will never feel satisfied because success is an obsession as well as an addiction. It is glorious joy in an abundant universe. Dreams are not a problem, but time is limited.
@samhdz5347
2 жыл бұрын
😂😂😂
Sad story sad, I work in Monaco but I'm by any means a millionaire. Actually it kinda sucks because everyone thinks you are rich while, in fact, you'r not. But it's kinda cool to have a salad for lunch in front of the yachts of the rich ones.
@ronaldt1932
2 жыл бұрын
Who's fault is that ??
@christophersonawane
2 жыл бұрын
What do you do for work in Monaco? If u don't mind me asking
@excellasmimix3168
2 жыл бұрын
😅😅🤣🤣🤣
@RandysDirtyBurger
2 жыл бұрын
@@ronaldt1932 you’re dumber than life is large. Did you know that?
@ronaldt1932
2 жыл бұрын
@@RandysDirtyBurger Ohh found one of those woke idiots who thinks rich people owe them something. Lazy fucker
I feel wealthy just listening to this!
Thank you for sharing , humbling been to Monaco in 2017 part of my European escapade with Trafalgar tours, Monaco you Beauty and Cheers to all B 🙌🥂
I love eating top Ramen watching these videos 🍽😂
I never thought Monaco is such rich, awesome video
Always good video
Monaco really is special and nicer than I had expected because It is so dense. Sure it is cramped and dense but you can feel a special aura when you are there. I found it interesting that Monaco is just 3 acres larger than the Magic Kingdom at Disney World, but living in Monaco you actually have the entire Riviera as your playground with Monaco being like a gated community you come and go from.
Monaco looks like one grand resort! Looks beautiful. A job well done to the royal family for the success of their tiny but very significant nation.
I’ve been waiting for this
@KONTHEDON4
2 жыл бұрын
Me too!
Awesome video
And I am thinking of starting a real estate company in Monaco !🙂🙂🙂
WOW STORY ... THANKS FOR INFORMATION ...
I love your content
Awesome vid!!
Wow wow wow! breathtaking place 😳😳😳😳😍😍😍😍. Silver Screens Everywhere and nice vid here🙌🙌
they can easily fit as James Bond villains 😁
Damn interesting , thx
Monoco ❤️❤️🥰 my forever 💞 love for this country will never stop ❤️
I wish all people a year filled with close relationships, platonic and romantic love.
Wow Esau is really living it up
This video made me look like a fly on the face of the Earth
CREATING ANOTHER SOURCE OF INCOME IN THESE DIFFICULT TIME IS THE BEST THING TO DO. NOT ONLY DOES IT GUARANTEE RETURNS, IT ALSO HELPS YOU PLAN AND SAVE FOR THE FUTURE EXPENSES. IT CAN BE QUITE DIFFICULT TO MAKE AN INVESTMENT WITHOUT sound KNOWLEDGE OR GUIDANCE , WHICH is WHY IS ADVISABLE TO WORK WITH AN INVESTMENT ADVISOR
A billionaire in Monaco is like being a millionaire everywhere else!
@cbr1thou
2 жыл бұрын
Monacur
my neighbour lives in monaco and i’m so jealous, it’s my favourite country
@Mojacaine
2 жыл бұрын
I think you meant city. Unless you speak of France entirely, which is a great country.
@CREv0P
2 жыл бұрын
@@Mojacaine Think again
@Graphics_Card
Жыл бұрын
@@Mojacaine Monaco isn’t part of France. What are you on? Lmao
@Mojacaine
Жыл бұрын
@@CREv0P lol word, that's pretty random that Monaco just decided to be independent
Amazing city 🏙️ Monaco 🇲🇨❤️❤️❤️
Thank you for the update, TheRichest..!! It seems fortunate people are everywhere.. I wonder what they did in their past lives.. 🤣
@pritpala
2 жыл бұрын
Finally! (Even though you most likely meant it as a joke), Someone has finally unintentionally mentioned Karma.
Thanks for this video @TheRichest
Cool vid
Am only a dreamer, thank you for the gift of life 🤗
Waiting for what it looks like to be a billionaire in Spain and Luxembourg
My dad is one of James (Jim) Ratcliffes Pilots. Its crazy some of the stories ive heard just to cut a tax bill or save a penny. Not to flex but i got to take a short 20 min trip on one of his jets (its nice)
It is awesome to go to Monaco for vacation
@cuddlemuffin.9545
2 жыл бұрын
Its not as great as you think
Would be cool to see a documentary about those whom work the average jobs in monaco and and how do they live
I’ll be living Monaco soon
@cbr1thou
2 жыл бұрын
500000 liquid huh, monacur
Who on earth would want to live in a tasteless, $387,000,000, 35,000sq ft flat in a high rise block? As bad as tacky Dubai. I can think of better ways to spend a third of a billion dollars.
@mheannethony
2 жыл бұрын
People who dont have the chance to and want to actually
@KOVROL
2 жыл бұрын
people who has another 1.000.000.000.000.000.000.000 dollars on his accounts....money is always relative.
Amazinh
I imagine its like being able to order food any time all the time
Monaco is Awesome Super great
Because of the economic crisis and the rate of unemployment, now is the best time to invest and make money 💯.
@mateopedro3253
2 жыл бұрын
✳️ James Williams signals are great but earning with malker is rather steady and slow paced. I personally prefer a more dramatic and constant curve. For this, I rate him a 7 out of 10 ❎💭💭💭💭💭💭💭 ➊➐⓿➐➋⓿➐➏➎➑➋%%%**
And that apartment is very perfection ☺️ if one day I am successful I will buy that 😉
@mheannethony
2 жыл бұрын
@Love begets Love bye
@nealbekheetsaliyb2854
2 жыл бұрын
The apartment has many faults. For example the vanity in the bathroom has square corners, perfect for cracking a billionaires' head open. Considering most billionaires are aged you would want to make sure everything is rounded or padded for when they slip or faint,
@DiabloNemes
2 жыл бұрын
And I am waiting for Ambanis to leave India so I can buy Antilia
@touchofgrey5372
Жыл бұрын
@@nealbekheetsaliyb2854 I thought I was the only one. It is way overhyped! She says the designers of the apartment paid close attention to details. 😂 Somehow, they missed the basics.
As a resident of Monaco I have to say this isn’t entirely accurate. In particular, the point regarding going to the casinos as a resident, as an international resident you are more than encouraged to go! The native Monegasque population are banned from the casinos / gambling. Big difference
@castle_novelist
2 жыл бұрын
Ban? Why are the locals ban?
@xixi1x34
2 жыл бұрын
Yea why they are banned?
@peterwong5993
2 жыл бұрын
Because in general gambler lose money to casino. Its a good thing for casino to earn money from visitor but nothing good will come out of local citizens losing all their money, it create social problem that Monaco government need to deal with.
@xixi1x34
2 жыл бұрын
@@peterwong5993 oh thx
@cbr1thou
2 жыл бұрын
Monacur
Powerful
Time to see all the motivation speaker bots flood in
I myself am working hard to get myself and my loved ones out of poverty and become its first millionaire and possibly billionaire
@terrencemugabe419
2 жыл бұрын
Good luck with that Keep pushing till you make it
@touchofgrey5372
Жыл бұрын
Hate to tell you this, but you'll never get out of poverty by working! At best, you'll be comfortable!
@Alexindiegamedev
Жыл бұрын
@@touchofgrey5372 I know thats why im working towards creating my own studio rather than work for someone else rest of my life
@gamerman9426
Жыл бұрын
@@Alexindiegamedev hows the progress
@Alexindiegamedev
Жыл бұрын
@@gamerman9426 goin slow cause working by myself had a team but they quit to go back to normal work cause they did not like all the hard work that went into making a game
I am ready to move there…!!
6:20 Citizens arent allowed in the Casino. Not residents.
Once i was there i see many yachts in the harbour i ask the guide why so many yachts? She told me they bought couse prestige when they go out to the sea they realise that the sea needs art and patience and therefore a very few can manage the yachts so the most people have permanently the yachts tide in harbour...
UPDATE: The Odeon has since dropped the price of their $387 Million Tower by $ 32 Million. So now you can get the place for the bargain price of $355 Million.: ). Apparently the new expansion is almost all sold out. Only 3 places as of 6 months ago were still available and it won't be finished 'til 2025 !
Next destination
OMG realy I like it
Interesting.
An 80 meter super yacht docking at Monaco costs 50,000 euros a day. 1,200 dollars won’t even dock a dinghy in high season…
@andersgullberg
2 жыл бұрын
Source to costs?
3:32 Yachts and Supercars. ME: "WTF, that's not a supercar."
Quite nice I would imagine🤔
Being a Billionaire is something..But being happy and having a good woman that loves you is something else...
@angelovalavanis2314
2 жыл бұрын
But having the billions along with all you stated is a great bonus!
@svan4748
Жыл бұрын
Envy
poverty line in Monaco is just about 17 millions... :P
Monaco, BIG CITY!
Nice place 😮
I aspire to be Monaco's first homeless beggar.
@PauloBerni699
Жыл бұрын
I was removed five times for begging on the streets of Monaco over the course of a year. I was still able to save enough money to pay cash for a four bedroom home in nice suburb of Austin Texas. I'm starting a "How To" blog about my experiences, which will be called the "Prince (who kept having me arrested) & The Pauper".
Remember, time is your greatest leverage as a human. Your time dictates the money you make.
@Mojacaine
2 жыл бұрын
Obviously, some people are born to tragic circumstances. But I speak on those able to learn and travel freely!
1200dollars a day to park a 80m in Monaco during the grand prix ? No way 😅 it's much more x 100
My dream life 🌈🎈
You mean a football pitch where we kick the ball with our feet!!
First video KZread suggests me in 2022 😂😂😂😁
Beautiful
@kidsfuntime5365
2 жыл бұрын
@Love begets Love whats up
That’s where I’m headed
I literally have 26€ rn, that’s it 😂
if your poor and this makes u feel bad ,just remember the richest person in the world sleeps in his factory on a couch .
@balwinderkumar7271
2 жыл бұрын
This is naïve thinking, Learn the difference between choice and need, Elon Musk sleeps by his choice and only infrequently and possibly to show off, He can buy any 7 star hotel he wants. Poor sleep on couch because they have too. Though being happy is entirely different and one can be happy be much much less than a billion. Well money might not buy happiness, being poor does bring hardships, suffering and lack of choices.
Hey there it was fun
Nothing but problems every day trying to keep track of it,and have it remain yours !!!!
Votes out of Brexit then leaves lol....you cant have Ratcliffe without the Rat
Do a video for trinidad and tobago billionaires
I think I might move there
🔹🔹 good 🔹🔹
Porto montengro is next!
I would love to live in Monaco ! My dream town 😍
@litalmk3
Жыл бұрын
If you can imagine it- you can get it!
Money might not buy happiness but it can rent it
Now come make a video with me about being a billionarie in Dubai 😎
@0:32 That 275 GTB Ferrari alone is worth more than $3 million!
I own property there. And work as a truck driver in America. Go figure
🙂 It's going to be beautiful Still
I hate my life cuz I realized that I won't be able to experience most of what life has to offer.
Ahh Monaco, "... a sunny place for shady people." W. Somerset Maugham
And here I thought $200k for a parking space in Canada was expensive 😂
I wonder what the queen thought about homie skipping out on taxes lol
Ratcliff looks like Hefner!
If you say money can’t buy happiness, wake up call you never had enough of it
@daithilacha1
2 жыл бұрын
Money can not buy you happiness, but at least you can be miserable in comfort !!
The revolution is nigh. Down with the billionaires! 🎉
Monaco residents are allowed to gamble in the casinos! It's Monaco nationals who aren't allowed. Not the same thing...
God will bless me to be a billionaire, he knows I will help so many
@touchofgrey5372
Жыл бұрын
With that attitude, your wish may just come true!
It’s not what you have it’s what you leave behind
I guess the cleaners, wait staff etc are all millionaires too...
@Gabiethemighty
2 жыл бұрын
Sadly most if not all of them of them live on the French side near the Monaco/French border and cross everyday to get to work. Even the old shop owners couldn't keep up and had to dip to france.
@TsLeng
2 жыл бұрын
@@Gabiethemighty yea I am aware. Videos like these are just crass. Yes of course Monaco is a wealthy place, but it only works because people want to avoid taxes... And can utilise low cost labour from outside.
Am I the new Prince of Monaco?.. I will accept the title if it is bestowed upon ME - Buttzy
I thought this video would make me feel poor but I. Happy not 😂 lol I'm happy and thanks God that I was born in a family that can afford anything that I can dream off
ZMM on the ASX. 99% down. Lifetime investment opportunity?