Many F1 drivers reside in Monaco for luxury and tax benefits

Sixteen of the twenty-two Formula 1 drivers currently live in Monaco, including Max Verstappen and Lewis Hamilton. The favorable tax climate, safety, and proximity to key European races are significant factors in their choice. Notable residents include Charles Leclerc and Lando Norris. While many drivers have settled in Monaco recently, some, like Kimi Antonelli and Esteban Ocon, reside elsewhere for various reasons, including tax implications tied to their nationalities. Monaco continues to attract an elite base of wealthy residents among the F1 community.

• 6:01 AMYahoo Sports — What attracts Verstappen and Hamilton to Monaco: and which drivers it repels