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Yara Elshebiny
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With a global calendar and multi-million-dollar pay checks, where do F1 drivers choose to call home?
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While some drivers prefer to stay close to their roots, others navigate the world map like seasoned globetrotters.
READ MORE: FIA punishes F1 star for breaking SAME rule for second week running
Yet, one location shines brighter than the rest: the glittering principality of Monaco, which boasts nine drivers on its resident list.
However, this is just part of the puzzle. Almost every driver has a second or even third home in another corner of the world.
Lewis Hamilton, for example, has a global portfolio with houses in Geneva and Manhattan, whereas Daniel Ricciardo splits his time between Los Angeles and his hometown of Perth.
So, where do all 20 drivers live, and why did many of them choose Monaco? Let's find out.
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Where do F1 drivers live?
Here's a rundown of who's living where in 2024.
Driver | Team | Nationality | Residence |
---|---|---|---|
Alex Albon | Williams | Thai-British | Monaco |
Carlos Sainz | Ferrari | Spanish | Spain |
Daniel Ricciardo | Visa Cash App RB | Australian | Monaco |
Charles Leclerc | Ferrari | Monegasque | Monaco |
Esteban Ocon | Alpine | French | Switzerland |
Fernando Alonso | Aston Martin | Spanish | Spain |
George Russell | Mercedes | British | Monaco |
Kevin Magnussen | Haas | Danish | Denmark |
Lance Stroll | Aston Martin | Canadian-Belgian | Switzerland |
Lando Norris | McLaren | British-Belgian | Monaco |
Lewis Hamilton | Mercedes | British | Monaco |
Logan Sargeant | Williams | American | England |
Max Verstappen | Red Bull | Dutch-Belgian | Monaco |
Nico Hulkenberg | Haas | German | Monaco |
Oscar Piastri | McLaren | Australian | England |
Pierre Gasly | Alpine | French | Italy |
Sergio Perez | Red Bull | Mexican | Mexico |
Valtteri Bottas | Stake F1 Team | Finnish | Monaco |
Yuki Tsunoda | Visa Cash App RB | Japanese | Italy |
Zhou Guanyu | Stake F1 Team | Chinese | England |
READ MORE: F1 Driver Salaries: How much do Hamilton and co make?
Why does Monaco attract so many F1 drivers?
The answer lies in a potent co*cktail of sun, glamour, privacy and tax benefits. Monaco residents enjoy a zero-tax policy (no income tax, no wealth tax, no local tax, no property tax, and no capital gains tax), which is a significant advantage for those earning multimillion-dollar salaries.
Beyond the financial, Monaco's location in the heart of Europe makes it a logistical dream for F1 drivers. Close proximity to major racetracks across the continent minimises travel time and fatigue.
Privacy and security are also key ingredients in Monaco's allure. The strict government regulations on photography further shield celebrities from unwanted paparazzi intrusions, allowing them to enjoy a bit of normalcy amidst the whirlwind of their careers.
However, it's not all sunshine and roses in Monaco. Even with robust security measures, privacy breaches aren't unheard of. Just last year, Charles Leclerc's home address was leaked, leading to unwanted interruptions at his doorstep.
This serves as a reminder that even in havens like Monaco, complete escape from public scrutiny can be elusive.
READ MORE: F1 drivers age: How old are Lewis Hamilton, Verstappen, Norris and co
F1 driver residences FAQs
Where does Lewis Hamilton live?
Lewis Hamilton currently lives in a luxurious penthouse in Monte Carlo, Monaco, with stunning views of the Mediterranean Sea.
Where does Max Verstappen live?
Max Verstappen lives in a penthouse in Monte Carlo reportedly worth $16 million.
Where does Daniel Ricciardo live?
Daniel 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, Kevin Magnussen, and Carlos Sainz value family ties and cultural connections in their home countries.
How much does it cost for a square meter of real estate in Monaco?
Monaco consistently ranks as one of the most expensive real estate markets globally. As of 2024, the average price per square meter of apartments and lofts in Monaco is estimated to be around €55,000 (approximately $61,000), with luxury apartments reaching astronomical figures.
This high cost is partly driven by limited land availability and the Principality's reputation as a tax haven, attracting wealthy individuals from around the world.
READ MORE: F1 WAGs: Love interests of Hamilton, Verstappen and Ricciardo
Related
Lewis HamiltonDaniel RicciardoMonaco
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F1 Race Calendar 2024
- GP BAHRAIN29 Feb - 2 MarMax VerstappenGP SAUDI ARABIA7 - 9 MarMax VerstappenGP AUSTRALIA22 - 24 MarCarlos SainzGP JAPAN5 - 7 AprMax VerstappenGP CHINA19 - 21 AprMax VerstappenGP USA3 - 5 MayLando NorrisGP ITALY17 - 19 MayMax VerstappenGP MONACO24 - 26 MayCharles LeclercGP CANADA7 - 9 JunGP SPAIN21 - 23 JunGP AUSTRIA28 - 30 JunGP GREAT BRITAIN5 - 7 JulGP HUNGARY19 - 21 JulGP BELGIUM26 - 28 Jul
Complete kalender 2024
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F1 Standings
- Driver
- Constructors
Driver Standings 2024
- 01 Max VERSTAPPENRed Bull Racing16902 Charles LECLERCFerrari13803 Lando NORRISMcLaren11304 Carlos SAINZFerrari10805 Sergio PÉREZRed Bull Racing107
Full drivers
Constructor Standings 2024
- 01 Red Bull Racing Great Britain27602 Ferrari Italy25203 McLaren Great Britain18404 Mercedes Great Britain9605 Aston Martin Great Britain44
Full constructors
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Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Teams
- Aston Martin
- BWT Alpine
- Ferrari
- Haas F1 Team
- McLaren
- Mercedes
- Red Bull Racing
- Stake F1 Team
- Visa Cash App RB
- Williams
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- AWS Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips. We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi. With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
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