Five Star Vagabond

Super travel tips, all road tested by David Herd. I'm an Australian guy who moved to Thailand in 2011 & still travel the world as often as possible.

Monte Carlo haven for the rich & famous

November 3, 2013 by David Herd

Monte Carlo casino

Monte Carlo Casino

Monte Carlo haven for the rich & famous, they are squeezed into this tiny principality like sardines. In fact Monaco is the most densely populated piece of dirt on Earth.

Mind blowing wealth is everywhere.

Monte Carlo harbor

The Genoese built a fortress on the site of present day Monaco in 1215. The current ruling Grimaldi family first seized temporary control in 1297, and again in 1331, but were not able to permanently secure their holding until 1419.

An amazing city

monte carlo

Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The principality also is a banking center and has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. Monaco, however, is not a tax-free shelter; it charges nearly 20% value-added tax, collects stamp duties, and companies face a 33% tax on profits unless they can show that three-quarters of profits are generated within the principality. Monaco’s reliance on tourism and banking for its economic growth has left it vulnerable to a downturn in France and other European economies which are the principality’s main trade partners.


I could happily live aboard this awesome ship

monte carlo Lady Moura is a private luxury yacht. She was the ninth largest private yacht when she was launched in 1990, but has moved down the list in 2011 to number 24. She is owned by Saudi Arabian businessman, Nasser Al-Rashid.

Lady Moura in Monte Carlo

Lady Moura super yatch Both the hull and the superstructure are made of steel. The propulsion plant consists of two KHD-MWM diesel engines, each with a power of 5050 kW (over 6700 bhp), and controllable pitch propellers producing a speed of over 20 knots. A crafty hydraulically operated system of shell ports, doors, flaps, roofs, bath platforms, gangways and cranes provide the most possible ease of operation and comfort. Even the boats, anchors, liferafts and navigation lanterns are hidden behind covers and do not disturb the aesthetics of the yacht. Both the name and the escutcheon that can be seen at port, starboard and at Stern are carved in 24 carat gold.

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I would be happy with the gold one.

Magnificent Monte Carlo boats

We were staying in a small French village Breil Sur Roya about 45 minutes drive from Monte Carlo, a great location to explore surrounding French and Italian historic villages.

Perhaps a Mercedes as well.monte carlo

That is one beautiful motor vehicle.

Magnificent Monte Carlo

Monte Carlo Monaco

The castle dominates and overlooks the city.

 Reclaiming the Mediterranean

monte carlo

Obviously there is no more land so they are building out into the sea. I believe there is another similar project about to start, it is expected to take 10 years to complete.

My Australian friends in Monte Carlo.

monte carlo

Jodie O’Neill & Deborah Holliday from Australia’s Gold Coast.

Café de Paris Monte-Carlo

Cafe de ParisCafé de Paris Monte-Carlo is the place to watch the passing parade in Monte Carlo, right next door to the casino and rather expensive, as you would expect.

 A brief 17 second video of the harbour.

 

Thanks for visiting my Monte Carlo haven for the rich & famous photo blog.

 

 
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