Playgrounds of the Rich and Famous -Monaco How the Super Rich Live-
Debra Skinner・2 minutes read
Monaco is a playground for the Rich and Famous, attracting celebrities with its luxury amenities, yacht scene, and high-end boutiques. The country's property market is one of the most expensive globally, with prices per square meter double that of London's Mayfair.
Insights
- Monaco's appeal to the Rich and Famous stems from its luxurious amenities, including opulent super yachts, high-end hotels, and exclusive boutiques, attracting celebrities like Rihanna, Beyonce, and Jay-Z.
- The ultra-rich are drawn to Monaco's real estate market, with properties ranging from 2.5 to 60 million euros, reflecting the country's status as the world's most expensive property market, surpassing even London's Mayfair prices per square meter.
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Recent questions
What makes Monaco a popular destination for the rich and famous?
Monaco's appeal to the rich and famous stems from its status as a playground for celebrities and billionaires, with attractions like luxurious casinos, opulent super yachts, and high-end boutiques. The country's zero income tax policy, world-class harbor, and hosting of prestigious events like the Grand Prix contribute to its allure. Celebrities like Bono, Rihanna, and Beyonce frequent Monaco, enjoying the lavish lifestyle and exclusive experiences it offers.
How much does it cost to rent a yacht in Monaco?
Renting a yacht in Monaco can cost approximately 200,000 Euros per week, excluding additional expenses and taxes. This high price caters to the extravagant tastes of the super-rich clientele who frequent the area, seeking luxury experiences on the Mediterranean Sea. The cost reflects the exclusive nature of Monaco as a destination for the wealthy and famous.
What are some luxury amenities offered at Monaco's Metropole Hotel?
Monaco's Metropole Hotel provides ultra-luxury amenities for A-list guests like Rihanna, Beyonce, and Jay-Z, including high-end treatments, a Givenchy Spa, and Michelin-starred restaurants. The hotel's presidential suite, designed by Jacques Garcia, offers luxury experiences for guests at a cost of around 15,000 Euros per night. These amenities cater to the upscale clientele seeking opulent accommodations in Monaco.
How does Monaco's property market compare to other global markets?
Monaco's property market is the most expensive globally, with prices per square meter doubling those of London's Mayfair. The market attracts the ultra-rich, with residential properties ranging from 2.5 to 60 million euros. Luxury real estate agent Caroline Olds highlights the popularity of areas like Fontvieille for their boat views, showcasing the desirability of Monaco's real estate among affluent buyers.
What inspired the new robe and polo shirt designs showcased at New York Fashion Week?
The new robe and polo shirt designs showcased at New York Fashion Week were inspired by making hotel bathrobes more stylish for daily wear, with a focus on Monaco's influence. Natalya was shot on a poof for the designs, reflecting a blend of luxury and comfort tailored to the upscale lifestyle of Monaco. The collection aims to capture the essence of Monaco's fashion scene and appeal to a high-end clientele.
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