Here’s what it’s like to attend the Monaco Yacht Show — in a country where the poverty rate is 0 — when you are not a millionaire

Here’s what it’s like to attend the Monaco Yacht Show — in a country where the poverty rate is 0 — when you are not a millionaire

Business·2019-12-31 22:43

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More than $4.3 billion worth of yachts were displayed at this year’s Monaco Yacht Show.

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Katie Warren/Business Insider

on the French Riviera.

It has a , and an estimated

Monaco has been called a playground for millionaires. I am not a millionaire.

At the 2019 an estimated 30,000 people came to see the more than displayed in the port.

Guests included yachting-industry insiders – including builders, designers, and brokers – as well as wealthy private clients looking to charter or purchase yachts.

I spent two days at the September 2019 yacht show in Monaco. It’s safe to say that my experience was very different from the experience for millionaires.

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Allow me to start out by saying this: I am not a millionaire. I am a journalist. And I live in New York City, which means overpriced drinks and food are pretty par for the course.

But I did spend one fabulously ritzy week in a country that has no poverty and where 32% of the inhabitants are millionaires: Monaco.

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