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Jan 24, 2021

[Answer] Which country is nicknamed the "Billionaire's Playground"?

Step 1 : Introduction to the question "Which country is nicknamed the "Billionaire's Playground"?"



...1. Singapore 2. Switzerland 3. Qatar 4. Monaco




Step 2 : Answer to the question "Which country is nicknamed the "Billionaire's Playground"?"



Monaco - Although the lavish wealth on display in the tiny country of Monaco earns it the nickname of the "Billionaires' Playground," the country may not actually be home to that many full-time billionaires residents. A 2016 Business Insider report found that only three billionaires called Monaco home at the time. Still, out of a population of only 38,300, that’s a larger percentage of billionaires than most countries. And if it’s any consolation, a whopping third of Monaco’s residents are millionaires. Why are the wealthy so keen on Monaco? Not only is it a stunning and glamorous place to live and play, but it’s also a tax haven. The city-state of just 0.78 square miles also has one of the highest costs of living on the planet and a poverty rate of zero. :


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