A third of the people in this European country are millionaires

A third of the population of Monaco, a tiny city-state on the French Riviera, are millionaires. Of the 38,300 people who live in Monaco, 12,261 of them are millionaires, according to the 2019 Knight Frank Wealth Report. Wealthy foreigners have long seen Monaco has a tax haven for its lack of income tax. Monaco also has a zero poverty rate. Visit Business Insider’s homepage for more stories.

 

Monaco, a tiny city-state on the French

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