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Why do many F1 drivers live in Monaco?
short by Pravel Jain / on Tuesday, 23 December, 2025
Many F1 drivers, including Lewis Hamilton, Max Verstappen and Charles Leclerc, live or own homes in Monaco primarily due to major tax benefits, such as zero income and wealth tax (excluding French nationals). Monaco's strict photography laws also offer privacy, shielding celebrities from intrusive paparazzi. Other reasons could be its central European location, safety and luxury lifestyle.
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