Most tennis players who live in Monte Carlo do so for one reason or another. Some, like Venus and Serena Williams, live there full-time due to its tax benefits.
Others, like Novak Djokovic, use it as a training camp before big tournaments.
And still others, like Andy Murray, come to the principality specifically to play in the Monte Carlo Cup.
Tennis players live in Monte Carlo for a few reasons, the most important of which is that the city offers all sorts of amenities that are perfect for a high-level athlete.
From world-renowned tennis academies to top-notch facilities and hospitals, there is plenty here to keep players in peak condition.
The city’s tax rates are some of the lowest in the world, making it an attractive destination for professional athletes.
There are a few other reasons why some of the world’s best athletes choose to call Monaco home.
For starters, it has one of the best tennis courts in the world courts that were designed by architects Pierre.
Additionally, Monaco is an incredibly safe place to live with a little crime rate and no military presence (at least not anymore).
Do Tennis players Actually Reside in Monte Carlo?
Tennis players always seem to be on the move, whether it is chasing down a successful championship run or traveling to take part in tournaments around the world.
Not all of these athletes live in places like London, New York City, and Melbourne, Australia.
Some of the top tennis players actually reside in Monte Carlo, Monaco.
Tennis players actually reside in many different places across the globe, with different climates and landscapes.
For tax purposes, many top-level professional tennis players elect to reside in Monaco, a small principality located on the French Riviera.
The country’s favorable tax laws and relaxed work/life balance make it an attractive option for many professional athletes.
The principality’s climate and ample leisure options make it an ideal location for practicing and playing tennis year-round.
Additionally, the luxurious lifestyle enjoyed by many Monaco residents provides some additional motivation for professional athletes to relocate there.
Who do Tennis players live in Monte Carlo?
Monte Carlo is home to a large number of tennis players. In fact, it is estimated that around 1/3 of the ATP World Tour players call the principality their home.
Some of the most well-known names in tennis live in Monte Carlo, including Roger Federer, Rafael Nadal, and Maria Sharapova.
However, this doesn’t mean that all of the residents are professional athletes.
Many celebrities and wealthy businessmen also call Monte Carlo home.
This includes actors such as Leonardo DiCaprio and Tobey Maguire, as well as singers like Celine Dion and Barbra Streisand.
Aside from being a popular tourist destination for luxury lovers, Monte Carlo has also been known for its tennis facilities.
The city has several world-class tennis courts that have hosted major tournaments such as the Masters Series event held annually at the Monte Carlo Masters tournament.
How much do Tennis players save by living in Monaco?
Monaco is a small principality located on the French Riviera that is home to one of the world’s richest populations.
Tennis players are among its wealthiest residents, but why?
A big reason is that Monaco has one of the highest tax rates in the world at 45%.
As it depends on a number of factors, including the player’s individual circumstances and tennis career.
According to a study, tennis players who live in Monaco save an average of $40,000 per year on their food expenses alone.
Additionally, Monaco has some of the lowest taxes in the world, which means that tennis players there can keep more of their earnings.
This high rate makes it difficult for Monaco to maintain its lavish lifestyle, so many of its citizens work elsewhere.
However, even with the high cost of living, tennis players still manage to save quite a bit by living in Monaco.
For example, according to The Daily Telegraph, the average salary for a professional tennis player is $4 million.
This means that a player who lives in Monaco can expect to earn an annual salary of $240,000 before taxes.
In comparison, the average American worker earns only $50,000 after taxes.