Why Lewis Hamilton Lives in Monaco Despite Owning Homes Worldwide
Lewis Hamilton may own luxury homes across the globe, but there's one address that stands above the rest — Monaco. The seven-time F1 world champion has long been based in the glittering principality, and the reason is as strategic as it is glamorous.
Monaco, nestled on the French Riviera, spans just over two square kilometers. It has the shortest coastline of any country in the world and is so narrow that parts of it are barely 350 meters wide. Yet for the ultra-wealthy — and especially F1 drivers — it's one of the most desirable places to live.
Hamilton, who reportedly earns around $60 Million annually, including bonuses, enjoys Monaco's most well-known benefit: zero personal income tax. Unlike drivers based in England, France, or other Western nations where tax rates can soar above 40%, Monaco allows its residents to keep nearly all of their earnings.
That advantage alone has drawn a long list of F1 stars to its shores — past and present — including Max Verstappen, Charles Leclerc, and Lando Norris.
While Hamilton doesn't live in Monaco full-time — F1 drivers spend much of the year traveling — he maintains a multi-million dollar property there. And despite owning other homes in places like London, New York, and Colorado, his Monaco base remains a financial and logistical hub for his career.
There's another quirk to living in Monaco: homeowners can't legally rent their properties on platforms like Airbnb. The government restricts short-term rentals to preserve exclusivity and local character.
That's why fans hoping to stay in Monaco for the Grand Prix often find themselves booking across the border in Beausoleil, France — sometimes just a few hundred meters away.
For Hamilton, Monaco offers more than just tax perks. It's private, secure, close to the F1 paddock, and filled with fellow athletes and entrepreneurs who value discretion. In a sport where margins matter, living in Monaco is just another smart move in a champion's playbook.This story was originally reported by Athlon Sports on Aug 7, 2025, where it first appeared.
Solve the daily Crossword
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
Former Premier League winner dreams of playing for Real Madrid
Former Inter Milan, AC Milan, and Manchester City striker Mario Balotelli has revealed that, despite his long career across Europe, one dream still remains unfulfilled – playing for Real Madrid. In an interview with La Gazzetta dello Sport, the 34-year-old was asked if there was anything left on his football bucket list. His answer was simple and direct: 'Playing for Real Madrid.' Balotelli, who joined Serie A club Genoa on a free transfer in 2024, only made six appearances during the 2024/25 season. Currently without a club, the Italian forward is open about his ambitions and the fact that he still holds the dream of wearing the famous white shirt of Los Blancos. For Real Madrid fans, it is a reminder of the club's unmatched pull in world football – able to capture the imagination of top players even after their prime. Connection with Barcelona Interestingly, Balotelli also has a brief past with Barcelona. At just 15, he had a trial with the Blaugrana before ultimately signing for Inter Milan. He recalls that period fondly, especially the talented group he played alongside. Mario Balotelli dreams of playing for Real Madrid. (Photo by) 'I had a dream there, during that time I spent in Barcelona before going to Inter,' he said. 'That team was wonderful, with the Dos Santos brothers (Giovanni and Jonathan), Thiago Alcantara, Bojan … We played with freedom. 'They only taught us technique: control and quick passing, no tactics. It was a joy to go out onto the field, that team was incredible, we won 15-0.' While Balotelli's memories of Barcelona are positive, his heart now seems fixed on Real Madrid. The Italian's words highlight how the prestige and history of Los Blancos continue to inspire even those who have experienced the magic of other big clubs. For now, judging by the look of things, Balotelli's dream if playing for Real Madrid will remain unfulfilled considering the current state of affairs.
Yahoo
a minute ago
- Yahoo
M&S restores click and collect 15 weeks after systems hacked
STORY: British retailer Marks & Spencer has resumed taking click and collect orders for clothing after a nearly four-month hiatus following a cyber hack and data theft. In April, the 141-year-old company stopped taking online orders through its website and app for home deliveries and collection from stores. That was three days after disclosing it was managing a "cyber incident". It gradually resumed taking online orders for delivery from June 10th. But click and collect services had remained suspended. M&S's website said on Monday that click and collect had resumed for fashion, home and beauty products. The company did not respond immediately to a request for comment. Shares in M&S were up 1% in early trading on Monday, paring 2025 losses to 11%. In May, M&S forecast the hacking of its systems would cost it about $404 million in lost operating profit for the financial year. Though it hopes to halve the impact through insurance and cost control. In July, UK police arrested four people as part of their investigation into the hack and other attacks on the Co-op and Harrods. Related Videos Netanyahu Details New War Plans to Send Troops into Gaza City and Camps Orellana-Hyder: Tricky to Retain Talent in Mid East CoreWeave, Circle, Cisco: Earnings to watch this week Trump Urges China to Massively Step Up Soybean Purchases Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a minute ago
- Yahoo
Everything Tudor and Cambiaso said after Dortmund 1-2 Juventus victory
Juventus head coach Igor Tudor admits that it is difficult to properly analyse pre-season friendlies, but is pleased by the attitude that he saw from his players during their 2-1 victory over Bundesliga giants Borussia Dortmund on Sunday. A brace from Italy international Andrea Cambiaso handed victory to the Bianconeri, who impressed with their performance at Signal Iduna Park. Everything Tudor and Cambiaso said after Dortmund 1-2 Juventus Juventus have had a quick turnaround between the FIFA Club World Cup that took place earlier this summer, and the start of the 2025-26 Serie A season, and Tudor admits that his players are still lacking in some fitness-related elements of the game. DORTMUND, GERMANY – AUGUST 10: Andrea Cambiaso of Juventus celebrates scoring his team's second goal with teammate Joao Mario during the pre-season friendly match between Borussia Dortmund and Juventus FC at Signal Iduna Park on August 10, 2025 in Dortmund, Germany. (Photo by) However, he is pleased by the attitude he saw from his squad, which he feels is the most important thing at this stage of the season. 'It's hard to analyse friendlies, there's still some freshness and speed in the legs missing. But the boys did well,' Tudor said after full-time on Sunday. 'It was a good session for us, and a serious match. Now we'll work on playing time, focus on Wednesday and Atalanta, and then we'll get started. There's not a lot of time left and we need to start thinking about Serie A. 'The important thing today was that nobody got injured, so that's good. Winning doesn't matter much, it's important to show the right attitude, to be in the right condition and prepare as best we can for the important games.' Tudor was joined in the Juventus press room by double goalscorer Cambiaso, who said: 'We played a serious game, and we're happy because we've had a great week here in Germany. We trained really well and we ended it with a good game. 'My objective is to be more decisive in the opponents' area. Playing a bit higher up, I can be more incisive [like today]. I'm starting my third year with Juventus and I'm very proud, I want to be important for the team and for my teammates. DORTMUND, GERMANY – AUGUST 10: Andrea Cambiaso of Juventus celebrates scoring his team's second goal with teammate Kenan Yildiz during the pre-season friendly match between Borussia Dortmund and Juventus FC at Signal Iduna Park on August 10, 2025 in Dortmund, Germany. (Photo by) 'As a group we have to focus in every training session, every game, and to always give everything. The coach is working us a lot and, from that point of view, we're working well. He wants us to understand that every competition is important, because we're Juventus and we always have to give our all, in every game. 'I'm happy to see [Gleison] Bremer finding fitness again and I'm sure he'll give us a huge hand.' Juventus will next be in action against Atalanta in their next pre-season friendly, before taking on Parma in their first Serie A match of the 2025-26 campaign.
