Where Do F1 Drivers Live and Why Many Choose Monaco?
With their globe-trotting schedules and multi-million-dollar salaries, F1 drivers have the freedom to live almost anywhere. While some stay close to their roots, many opt for different homes around the world. Among them, Monaco stands out as a top choice, with its luxurious lifestyle and stunning Mediterranean scenery attracting nine drivers from the current grid.
Even though Monaco is a popular base, most drivers maintain secondary homes in other countries. For example, Lewis Hamilton has properties in Geneva and Manhattan, while Daniel Ricciardo divides his time between Los Angeles and Perth.
Where Do F1 Drivers Live in 2024?
Here’s a breakdown of where the 2024 F1 drivers call home:
| Driver | Team | Nationality | Residence |
|---|---|---|---|
| Lewis Hamilton | Mercedes | British | Monaco |
| George Russell | Mercedes | British | Monaco |
| Max Verstappen | Red Bull | Dutch-Belgian | Monaco |
| Sergio Perez | Red Bull | Mexican | Mexico |
| Charles Leclerc | Ferrari | Monegasque | Monaco |
| Carlos Sainz | Ferrari | Spanish | Spain |
| Lando Norris | McLaren | British-Belgian | Monaco |
| Oscar Piastri | McLaren | Australian | England |
| Fernando Alonso | Aston Martin | Spanish | Spain |
| Lance Stroll | Aston Martin | Canadian-Belgian | Switzerland |
| Daniel Ricciardo | Visa Cash App RB | Australian | Monaco |
| Yuki Tsunoda | Visa Cash App RB | Japanese | Italy |
| Pierre Gasly | Alpine | French | Italy |
| Esteban Ocon | Alpine | French | Switzerland |
| Valtteri Bottas | Stake F1 Team | Finnish | Monaco |
| Zhou Guanyu | Stake F1 Team | Chinese | England |
| Alexander Albon | Williams | Thai-British | Monaco |
| Logan Sargeant | Williams | American | England |
| Kevin Magnussen | Haas | Danish | Denmark |
| Nico Hulkenberg | Haas | German | Monaco |
Why Do F1 Drivers Choose Monaco?
Monaco’s allure can be attributed to its combination of glamour, sunshine, and tax benefits. The principality offers residents a favorable tax regime with no income, wealth, or capital gains taxes—an appealing prospect for high-earning F1 drivers.
Monaco’s central location in Europe also makes it a convenient hub for traveling to races across the continent, minimizing both travel time and fatigue. Moreover, the principality provides privacy and security, with strict laws on photography that help protect residents from unwanted media attention.
Despite these advantages, Monaco isn’t without challenges. Even with tight security, privacy breaches can happen. In 2023, Charles Leclerc’s home address was leaked, leading to disturbances at his residence.
F1 Driver Residences: FAQs
Where does Lewis Hamilton live?
Lewis Hamilton resides in a luxurious penthouse in Monte Carlo, Monaco, overlooking the Mediterranean Sea.
Where does Max Verstappen live?
Max Verstappen also calls Monte Carlo home, living in a penthouse valued at $16 million.
Where does Daniel Ricciardo live?
Ricciardo lives in a one-bedroom apartment in Monaco, estimated to be worth $2 million.
Do all drivers live in Monaco?
No, not all drivers live in Monaco. Some, like Fernando Alonso and Carlos Sainz, prefer to stay in their home countries, valuing family connections and cultural roots.
How much does real estate cost in Monaco?
Monaco is one of the priciest real estate markets in the world. In 2024, the average price per square meter is around €55,000 ($61,000), with luxury properties commanding even higher prices. The combination of limited land and the region’s tax advantages contribute to these high costs.
Source: https://www.gpfans.com/en/f1-news/1012101/where-do-f1-drivers-live-monaco-lewis-hamilton-max-verstappen-daniel-ricciardo/
