I live in the small village in Switzerland where Vettel used to live, prior to moving closer to Germany. (He used to play with the local football team) It was also the home to Sergio Marcchione. Kimi is also not far away. We've seen him with his boy in the local toy shop.

Bottas actually owns a big house in the French mountains near Monaco and rents an apartment in Monaco for 9,500€/m. He revealed that in a Finnish TV show last year.

During the pandemic Lando, Charles, George and Alex played video games on Twitch pretty regularly. The interactions on the F1 games were hilarious. If you follow them even on other social media platforms they would record clips of it. I've heard Alex being interviewed recently to say that now that George has joined them and moved to Monaco, the 'Twitch quartet' as he called them will sometimes get together and hang out.

George Russell lives in Monaco too. But he’s very quiet about it… 😉

Kimi, Ralf Schumacher and Roger Federer used to live in my village in the cheapest tax area in Switzerland. Tax in Switzerland changes depending on the canton and village you live in.

Didnt George recently move to Monaco? Saw an Interview from the Monaco 2023 GP with him where he told that the move was just a few months ago.

Have been lucky enough to visit Monaco many times ! First was for the 2005 grand prix ..its also worth mentioning you can do the whole Monaco thing on a budget , The Historic racing is on a few weeks before every other year...its a great chance to se and hear F1 cars racing round the track ..The seats opposite the yachts that you see are the K1 seats ....Its a great way to enjoy F1 in monaco without the huge costs ...Stay in Nice a very easy and fantastic train ride in each day ....As Kym says its a nightmare when F1 is on ..forget taxis ..forget phone signal ..last train back to Nice is 11.30 roughly do not miss it !!

My experience of Monaco is always lots of fun but a hell of a challenge because I use a wheelchair. Honestly there are times when your wheels lose all traction on the hills and you're just a passenger hoping you don't skid into the road 😅 - fortunately some kind strangers then told us about the various elevators to help with some of the particularly inaccessible parts. I really hope to go back again next year. Fingers crossed 🤞

really appreciate the production that goes into these, great job Kym!

Fernando lives in Monaco too. His plane always back to Niza Airport, 30 min from Monaco.

Always a great video with great info and a friendly flavour...thanks so much, Rick

I'm glad you gave us an 8 second headstart.

Kym: appreciated your cameo on @Downielive 's video of the GP in Montreal!

the scammer part was indeed hilarious

Great video, i went to Monaco and Barcelona F1 races this year. I had an absolute blast. I actually stayed in the border town of Ventimiglia Italy, on the mountainside of the town and it was wondrous, and incredibly cheap for a very nice house with breathtaking views about 40 minutes drive to Monaco; where everything was orders of magnitude cheaper than France and Monaco. Not that i couldn't afford to stay closer (we stayed in a beautiful place in Nice too.), it just worked out that way as we were on a three week trip that started in Rome and ended in Barcelona, and i am glad it did. WHAT a trip. Italy is still my favorite EU nation. But Monaco and Spain were also great. France..was ok too lol.

Very nice and informative video 😍👍🏻

This is excellent! Really enjoyed the video Kym!

Fresh, original content as always Kym. G'day from Quinns Rock 👍

I already have the current full list of where drivers officially reside in the Monaco-specific video, but I might as well also put that here as a summary: Red Bull Racing: VER: Monaco, PER: Mexico (I always assumed he spends the European leg in Switzerland) Mercedes: HAM: Monaco, RUS: Monaco (he moved there later last year, speaking about that in advance during or ahead of last season's Monaco GP weekend & also mentioned during this season's driver parade that he's being able to sleep in his own bed during a Monaco GP weekend for the first time) Aston Martin: ALO: Switzerland, STR: Switzerland Ferrari: LEC: Monaco, SAI: Italy (to my knowledge, he's lived there since his Ferrari move or the 2020-21 off-season) Mclaren: NOR: Monaco, PIA: England Alpine: OCO: Switzerland, GAS: Italy Williams: ALB: Monaco (although I thought he'd returned to England based on what I read him saying somewhere), SAR: England? Haas: HUL: Monaco, MAG: Denmark Alfa Romeo-Sauber: BOT: Monaco, ZHO: England AlphaTauri: TSU: Italy, RIC: Monaco (although, as I understand, he spend quite a large portion of this year in the US before his eventual racing return)

Thanks Kym, can’t wait for this weekend! We’re going through race withdrawals, LOL!😂🏁

This is really interesting, keep it up Mr Illman !

I was stationed in Germany in 1973 and 74 for the US Army. I was able to make the Grand Prix and Nürnberg but missed the Grand Prix in Monaco by one week. It was very expensive to me then so I would hate to see what it is now.

Interesting you mentioned Jackie Stewart towards the end of the video. He was one of the first F1 drivers to go and live in Switzerland for tax reasons in the late 1960's, to avoid the UK tax rate that went as high as 98% in the mid-seventies.

I particularly enjoyed that you chose to include the scammer’s phone call in the video! 😂

This was a cool video!

“13 and half million euros! Money doesn’t go very far, in Monaco.” *Proceeds to show a graph of Lando saving 13.5 million in a single year from income taxes* I know he means for regular people who aren’t making 7+ figure annual salaries, but a one time payment for an apartment in Monaco to save potentially hundreds of millions over your lifetime seems like that initial 13.5 million goes pretty far and that’s one hell of an investment.

I completely agree with your rating of Madrid. It is such a fun city with so much to do!!

Yes glad knowing about the drivers

I´m from Madrid, glad you liked it so much. I loved Sydney when I went there :)

I thought it was 0% tax in Monaco for foreign earned income but income earned in Monaco was taxable. So if you've got an income producing company in, let's say Lancelin, and you have resident status in Monaco you don't need to declare the income or dividends from your Lancelin based company. A rich person with overseas income would be unlikely to draw a wage at all, maybe a nominal amount to satisfy some regs somewhere, preferring to take money out in the form of dividends, directors loans, return of capital, etc, whose tax treatment is very different to wages. If your company is serving coffees at the Monaco harbour then you pay company and income tax. Someone correct me if I'm wrong, I got this info from a local last time I was in Monaco. I'd also be surprised that drivers received "wages" as such from the teams. If they did the money would be taxed at source. More likely it goes through the driver's management company, the Team "expensing" the payment as a contract payment, or, if they have no manager, into the driver's operating company from which they would draw a "wage". The bulk of the driver's contract payment would probably sit in the company accounts and pay company tax, or more likely used to purchase houses, classic cars, farms in the company name as assets (the drivers paying a fee to the company for personal use of the asset). Anyone who can clarify, confirm or debunk please chime in.

Great video as per usual always great content… appreciate your time and sharing 😂 I love Monaco walking the streets with the rich and famous love to pretend I’m super rich 😂😂😂 ..

Hi Kym When I lived in UK We used to go to Le Mans 24 hrs It was part of a holiday. After the race we would drive on down to a lovely place called Frejus in the Cote d'Azur. Where we would spend some days traveling around. Drove along to Monaco a couple of times. Also around the circuit. Plus a good walk around It's an amazing place. I'm in Queensland now, so I do miss the trips in France. But I do live in a lovely place now so it compensates. I'm really pleased with my tee Stay Passionate. 👍

They only talk about Lewis living in Monaco to avoid tax but are silent about half the grid…

i've been to monaco. wonderful place. i had lunch with my wife at mirabeau. it's a beautiful place against the mountain. but switzerland is the on another level for beauty.

Bottas' pad in Finland (4:00) looks like a small place until you see the chairs on the deck. What at first looks like normal windows ... are 4m tall.

Thanks for your words about Madrid. I think is really underrated

I loved that Switzerland - negative joke!

I live in Monaco as well. But only in Monaco di Bavaria (Munich) 🙂

I live in Italy in Early 1990’s. And being a photographer I frequently wandered the Streets of Monaco shooting images, and no body said a Word!! 😉😉

Hi kym greetings from Thailand we went to monaco in the mid 80s for the grand prix we booked to stay in menton was cancelled at the last minute so ended up in Nice bit more expensive than menton stay passionate

Going to Monaco further radicalized me but I greatly enjoyed walking around the GP track and seeing all those iconic sections in person. Beau Rivage is way steeper in person than it looks on TV and video games.

Zhou doesnt live in Sheffield anymore, he was there only becoz for studying and karting. Then he went back to London for racing.

Alonso moved to Monaco in 2021 and Russell also lives in Monaco

I actually lived next to nyck de vries here in the netherlands

3:40 don't forget great weather there

That print is F I R E, Kym! F I R E !

Wow very cool you live in WA as well! Awesome.

You sitting in business class chatting to K. Mag is the biggest flex

nico rosberg also used to live in monaco as he grew up there

Loved the video kym

Madrid is amazing, my favorite city

Kym Illman: The Robin Leach of F1 🤗🏎️💨

Missed an important point about taxation in Monaco. Businesses get taxed 25% if at least a quarter of earnings come from outside of the country. And yes, sole owner businesses count. So for example, Lewis's salary as a driver wouldn't be taxed. BUT, any personal sponsorships he has with companies outside of Monaco or his ownership in sporting teams outside Monaco would be taxed. Same with Valtteri with his gin and coffee businesses. Lando with Quadrant and clothing. Daniel with Blue Coast, wine, clothing and karting businesses. You get the idea. These guys are paying taxes.

Kym you tricked me into shameful creepiness...."well i guess you here to find out where the f1drivers live, what a feckin creep" i mean you could have added that seamlessly 😂. Love your content keep it up man.

You Piano looks like Batman doing detective work 😂

don't forget about King Leonard Casley just up the road from you, the Hutt River Province had a transaction tax of 0.5%

I spent years working there for a company called Tooth Transport, we used to do high end moves for all the stars and F1 drivers. Was the Senna days etc. just normal blokes really,

I heard someone (Norris I think) say that George had just recently moved to Monaco?

The Schumachers are also in Switzerland

Monaco is a cool place .....

Nice scarf Kym! may I know which brand is that?

Piastri and Russell both live in Monaco i believe. Sainz in Italy to.

9:50 George moved to Monaco in around March. So he lives there know, but I assume he still has an apartmant in London too.

At first I thought you said Bottas has a lighthouse in Finland. I was like "But why?".

Kimi Raikonnen lives in Switzerland, too...

You missed Kimi when you mentioned ex drivers in Switzerland. He has a mansion in Baar, Zug. That's approx. 1 hr drive from Alfa Romeo's hq in Hinwil, Zürich.

Russell is living in monaco too since a year

I was born in Switzerland and still live here and for me the taxes are really high and get higher every year😅 feels like i go to work just to pay taxes🙄

Max has gotten some flack in the Dutch media recently for living in Monaco and accused of being a tax-dodger. In reality he isn't born or live in The Netherlands so not sure why he would have to pay taxes here.

Small correction/ remind Monaco has no income tax but they do have other taxes that are quite high(comparatively) obviously still worth for multi millionaires

With KMag living in Denmark it is probably safe to say he has the highest tax rate of any driver on the grid.

Fernando.paid 50 million Euros to go back to live in Spain within the last 3 or 4 years he lived in the Oxford then Switzerland then moved to Dubai. I remember reading he said he had enough money and that's why he paid a lump sum up front to move back to Spain..I'm guessing he had enough of paying tax then to go back to Switzerland. I thought I'd seen something about George Living in Monaco . Massa , Rosberg and Coulthard still live in Monaco. Rosberg even though he raced under German Flag was born and brought up in Monaco .

I am so poor that I feel like working in Monaco as personal home cleaner would be fine with me as the place itself is so beautiful.

Alonso also lives in Monaco, has done so for a number of Years now…

Does teams cover drivers travel expenses to races?

Max moved from his apartment to a penthouse at the end of last year, it’s worth at least 30 million

You said Sebastian life kn Switzerland, Kimi is still in Switzerland too

And typically, only one guy gets media reports about evading taxes, repeated by fans of drivers that also live there, strangely enough.

So, I’ve got great taste. Never knew until now 😂🌞

Am i right in thinking that the salaries the drivers get is taxed by the country they live in, but they also earn money for every race they're in depending on position they qualify/finish and this money is taxed by the country they're in? So winning in Monaco costs zero tax, but winning at Silverstone in England or Monza in Italy is taxed according to their tax bands?

Max's manager Vermeulen said, “It is factually incorrect what is written . He further explained that Max Verstappen pays taxes for the income he generates in the Netherlands, alongside other countries where he earns money. “We pay taxes on the sports performances we deliver in the Netherlands, such as the income he earned during the Dutch Grand Prix in Zandvoort,” he said. " We also pay taxes in other countries where he as a sportsman generates income. Furthermore, we have no activities in the Netherlands. Why should we have to pay tax on foreign income there? It would be strange if you paid twice, these are the international rules. One can find something moral about everything, in the end it’s just the legal and fiscal legislation and we adhere to that in all shapes and sizes,” he added.

Fernando lives in Monaco aswell actually

Hi Kym Do you then have to get a special permission document during the F1 race in Monaco? Chris

Switzerland has not one income tax rate, it has a different income tax based on the kanton you recide in. You have a peak income tax at Zug at 22% where as in Geneva its at 45%. So Ocon saves something like 14% by being in Geneva compared to peak income tax in france. If they are moving for tax reasons, why don't they move to dubai, where is also 0% income for people like ocon if its just about taxation?

Monaco is crazy 😨😨😳😳 I bet it’s a lovely place to visit

Actually won money in the casino during our trip in June..... LOL about 200 dollars US

You earned yourself a new subscriber PRECISELY for the scam lady who hung up after u whispered about her 😂😂😂😂

Last thing I've heard is that Alonso lives in Monaco.

My sister-in-law had a job in Monaco working for a yacht-hire business. The place 'stunk' of money according to her. My brother, who worked in France, proudly parked his ancient BMW 3-series in their block's underground car park in Monaco, where it was surrounded by Ferraris and other expensive but impractical cars. By the way, England does not have its own income tax system. It is the UK tax system here in the UK.

Just got to know Carlos Sainz owns a karting park. Please make a video on what are the other businesses of F1 drivers.

A lot of inconsistencies in your video Kym. Alonso lives in Monaco. He regularly posts IG stories of him working out or having a run around Monaco. Lance lives in UK as well for a while now. He revealed it in his SkySports interview few months back. George lives in Monaco now.

Zhou lives here in Sheffield

They used to live in Cabins- the new age boys not too sure about. Village closeness is what is requested by Drivers.

What you said about George not getting any peace in London (which tbh, I find odd. I've heard a number of celebrities - far more broadly famous than any sportsman, like Harrison Ford - say that Londoners couldn't care less who you are and don't stare, let alone interrupt you. Maybe it's changed since social media came along?), could be the main reason why they go to Monaco. There are plenty of tax havens throughout the world, including in the British Isles (Isle of Man and the Channel Islands). But I think that when you have a country where the original locals see so many famous people on a daily basis, and the rest of the population is eye-wateringly rich and probably famous, nobody is going to disturb you when you go out for a beer with your mates. They also mostly all choose Monaco because their friends are there. I think the tax haven thing isn't as important to them as being able to live without being pestered is.

Alonso, Bottas, and Russell live in Monaco now.

Alonso also lives in Monaco, at least in 2023

Regarding taxes.. It is not completely true. The earnings are taxes where it is earned. So earnings for the GP in Monaco, no tax, but the earnings for the Britisch GP are taxes there.

A lot of top tennis players live in Monaco also. Doubt if they spend more than a couple months there.

Now we know why Bottas has the bogan mullet.

So if there is no tax at all in Monaco, how does it sustain itself when it comes to things like roadworks, building construction, waste collection etc? Who pays for all that? That's the part I've always wondered.