MONACO PARADISE ON EARTH: SEE THE INSANE OPULENCE OF MONACO

Nearly a third of Monaco's 38,000 inhabitants are millionaires, according to a new survey. Seriously. One third.

And the number of these wealthy elites keep rising; their ranks are up six per cent compared to two years ago. 

But these numbers only tell part of the story.

               

Yachts are big business in the sun-kissed, mini country on France's Mediterranean coast.




Here, tennis star Rafael Nadal arrives at the Monaco Yacht Club before he sails a boat on April 14, 2014.



Many tourists come to Monaco to simply gaze and take photos of the supercars that roar through the city's streets.



It's where the rich and famous make their home, including tennis star Novak Djokovic.



                             .............and Formula One driver Lewis Hamilton.




Many are attracted by the fact that the city-state scrapped income taxes in 1869, and other tax rates for companies and individuals are incredibly low.

One of the prime examples of the result opulence in its real estate is the Sky Penthouse in the Tour Odeon Tower, seen here.

With a rooftop pool, and it would be remiss to mention the massive water slide, overlooking the Mediterranean, the penthouse is worth an estimated US$400 million, making it one of the most expensive luxury homes in the world.