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More than half of all Formula 1 drivers live within one square mile of each other in Monaco: • Lewis Hamilton • Max Verstappen • Charles Leclerc • Lando Norris • Oscar Piastri • George Russell • Niko Hulkenberg • Liam Lawson • Oliver Bearman • Alex Albon • Carlos Sainz Charles Leclerc was born in Monaco, but the rest of these drivers moved there for three primary reasons. Location: The Nice airport in France is only 15 miles from Monaco, or a 7-minute helicopter ride. This is especially important for Formula 1 drivers because they travel over 75,000 miles each year. Privacy: There are 12,000 millionaires living in Monaco — 1/3 of the entire population — so F1 drivers don't have to deal with as many crazy fans. Plus, with the government requiring written permission for all professional photography, there are fewer paparazzi. But while a convenient location and privacy are great, the real reason F1 drivers move to Monaco is taxes. Monaco has no income tax, no wealth tax, no local tax, no property tax, no estate tax, and no capital gains tax. And of course, it doesn't hurt that Monaco's weather is incredible and the views are equally spectacular. P.S. I recently broke down the most interesting (and secretive) details behind Formula 1's Monaco Grand Prix. We cover the $200 million yacht wars, the Ritz-Carlton's floating hotel, why Monaco citizens must deposit €500,000 in a local bank account, and how the entire track is put together and dismantled in just six weeks. Read the full breakdown: t.co/Stk9sRHsyy