16. Monaco Is Also A Shelter For The Rich
To live in Monaco at all, you have to have loads of dollars. This tiny country in Europe has a population of only 40,000 people, making its population compared to a Midwestern city in the United States. Nevertheless, one-third of those people are millionaires, and the country has been nicknamed “the billionaires’ playground.”
Monaco’s people are not necessarily wealthy, however. The government has created tax-friendly policies that encourage millionaires to move there. With the country itself functioning as a giant tax haven, its beaches are lined with yachts, and home values have an average value in the tens of millions.