Asking Monaco Millionaires How To Make $1,000,000

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1 in 3 person that lives in Monaco is a millionaire… that sounded crazy to me so I decided to fly there and interview the locals to figure out: 1) how they got rich and 2) what it’s like to live in the world’s wealthiest country.

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I mean my client C probably adds up to about 2 billion but you You’ never know there’s no income tax do you going hat tax we’re doing a documentary for young people about what it’s like in mono fake people only trust people from Monaco I’ve never seen so many insane cars in

Such a small place 70,000 a year just to keep the boat in the slip how much is the FR 850 850,000 so we were just detained by the police all the footage was almost deleted in Monaco it’s probably this is Monaco One of three people here are millionaires so in this video I’m going to be talking to locals about how did they get so rich and what it’s like to live here we’re doing a documentary about what it’s like to live in Monaco you have a great look we have a

Documentary for YouTube we have a a popular okay how’s it to live here how is it to yes sir I would D okay thank you sir he rejected me in the British accent he’s like sir you good friends we’re doing a documentary for young people about what it’s like in

Monaco fake people only don’t trust people from Monaco don’t trust the people of Monaco now there’s conspiracy we’re going to find out people were keeping pretty tight lipped about what goes on here in Monaco and I was starting to get a lot more suspicious but for now I enlisted my Wild Card

Jeremy the producer of the channel who also happens to speak French to see if he could use his vava Voom to find out the juicy secrets of the rich living in Monaco entrepreneur what what did you do before you retired what were you Doing oh he was the Monaco Ambassador in Vatican wow 16 years Jeremy’s French charm and presence seem to be working the locals started to warm up to us on our way to go and talk to more locals we were taken aback by how many luxury cars were just

Casually driving on the road what do you do for a living cool car cool car can’t hurt Lambo another Bentley this is a Bugatti Veron 1.4 million I’ve never seen so many insane cars in such a small place it’s 2 and a half km it’s basically just a few miles

Even though there were supercars at every corner I turned I wanted to see some of the more exclusive cars Monaco had to offer what kind of car is it it’s AAR it’s very particular version that’s why it’s so expensive is it most people that live in Monaco that buy these or is

It like yes yes how much is the Ferrari 850 850,000 yes it’s brand new and uh soft Market while we were in the dealership checking out these cool cars we also ran into someone who was looking at potentially buying that $850,000 Ferrari so we asked him a few questions

What what do you do in Monaco what do you do for work state how much is it for real estate if I wanted to buy a place to become a resident here on the beach 100,000 wow wow wow and then what’s it like to own a Ferrari I’ve never owned a

Ferrari what what’s it you have one yeah what’s that like I have a okay and Daytona a dream to have a and is it as good as the dream yeah if it is also your dream to own a Ferrari or Be Your Own Boss the best way possible to do

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To get started head over to monthly 1kc to sign up and get going after checking out the cars I just had to find out what the people of Monaco were doing differently to afford these crazy cars and a life of luxury do you live in Monaco we’re doing a a documentary about

What it’s like to live here and you have great style so I wanted yeah mon attracts clearly rich people because it is a tax holiday there’s no income tax there’s no inheritance tax so to transfer wealth to a new generation is quite helpful yeah just need to work um

So it’s bit a different world what kind of work so I’m I’m a bar manager you’re a bar manager do you deal with a lot of like these rich clientele people of course every day I mean my clientele probably adds up to about 2 billion but you you’d never know really you’d never

Know at all my idea at first was to uh come over here and I I want to buy my own bar but I I haven’t got my thoughts in it so I was trying to find a solent investor working working in Monaco that’s a smart move so you came out here

To find someone with the money yeah well that’s where it is what’s it like to live here in Monaco it’s great it’s great it’s a holiday every day well what kind of stuff do you do because it’s so it’s amazing to be here yeah it’s amazing I am actually Secretary General

To an association with the prince the president so I I do some uh yes I support the government let’s say of Monica how did you get that job that’s crazy uh many years ago it’s like 11 years that I’m living here so first I was just a

Member of this Association and then I I stepped up and I organize events for them would you recommend people getting into events as a as a career or like what what careers or think would you would you recommend for them no because events it’s a casual category you have

Uh the artistic side you have the marketing you have the organization of course you have the the financial aspect so and it’s fun and you work on projects and you don’t get bored because every time it’s different what kind of stuff do you do in Monaco I was starting to

Work in this beautiful places was one of the fine dining best fine dining restaurant in the world this place yes this one it’s called the L with the chef in 1992 the best restaurant in the world from the CR CR Arrow trib all the guys and there was his guys is the

Famous Che now he the manager all the many restaurant around the world the few the best restaurant here in Asam in monac well it’s you you run restaurants working in theity how is that how do that work working in mon is a beautiful there many of course rich people that come here but

They are very nice people because they want to enjoy they want to relax they want to be safe want to enjoy life like normal people yeah so it’s the right place to be on our way to talk to more people I was Blown Away by the cost of

The real estate here in Monaco check out some of these house prices 4.3 million for a two-bedroom apartment 15 million for 5 bedrooms so with all this wealth floating around I was curious to find out what people did for fun here what brought you here work I work for Tax Consultants International Tax

Consultants what do people do for fun in monac like what do you like doing for for fun there’s the yach club which is uh great by you need to be a member mhip yeah that one how much is the membership has the well I think around uh 30,000 uh

Need to be introduced by a member so it’s not uh money is not enough yach do sound like fun we went to see if we could speak to a Yacht broker and get a mini tour of his million dooll yacht so you said this is 2 and A5 million right

Now or how much is it selling for all right so$ 2 half million but it’s 4 million brand new how much do harboring cost here 70k a year Jeremy he was saying it’s 70,000 a year just to keep the boat in the slip to charg it for a

Week how much is this one this will go for 7,000 a day let’s stay here what what type of clientele you mostly sell these two one of these the owners of this particular not this boat but the same model is a Formula One driver so there are some young buyers out there

What’s the standard commission for like selling a boat between 5 and 10% so it’s kind of like real estate like 6% or something like that after spending more time on the yach we try to get a few more interviews from the locals in Monaco it seemed to be going well what

Advice do you have for your kids or for people starting in their careers work very hard really focus and determination passion without passion you don’t do too much but then we were stopped by a guard who told us it was forbidden to film in Monaco and called

The police on us we had to stop filming because we were detained but I left my mic on for our own safety and so that you could hear what they said when they approached us we have to do this this okay because in in in Monaco it’s all right so we

Were just attain by the police all the footage was almost deleted they swarmed us for filming this kind of video talking to people about what it’s like to be here how do you make a lot of money Germany speaks French they were not aware of that jery what were they

Saying and like what actually went down in Monaco they have their own rules right and so they kept they kept saying that you’re not allowed to film people right and I think I think their fear is that we misrepresent the country he was pushing he was like oh we have to delete

All their footage and stuff like bring let’s bring them to the police office like scare them a little bit is that what he said yeah pretty much he said let’s take them to the office no he was like let’s take him to the office and then the younger guy was like

We can’t really do that right and he was like let’s let’s go let’s he was like pushing they asked for IDs they asked for our parents’ names which is kind of strange uh and I guess you need authorization to even film in public here in Monaco but definitely a first

And kind of like intimidating and scary to think like the flights the hotel all the day the planning and then everything would have just been deleted so I am grateful that uh they didn’t delete everything that we did today if you like this video check out this video right up

Here where we talk to Y owners about how they got rich what they do for living advice for people like you and me make sure you subscribe to the channel if you’re not already Uncle Noah loves you and I’ll see you out there PE