Youtube Exercise » English Grammar Homework

B2-C1

What It's Like To Be A Billionaire In Monaco

TheRichest

1.2M views 5 years ago

Warm-up Questions

When you think of Monaco, what images come to mind (homes, cars, lifestyle)?
What do you think “being a billionaire in Monaco” might be like day to day?
Why might very wealthy people choose to live in Monaco instead of their home country?

Up Next

What is History for? The School of Life
How to Narrate Your Life Story The School of Life
Business English Conversation Practice | Listening & Speaking Skills: Supply Chain Optimization Business English Channel
The Script – Hall Of Fame (Lyrics) Aura Melodies
Where Else in the World Does a Mall Become a Giant Shelter City? Tel Aviv Israel The Holy Land, by Zahi Shaked

Start With: Word Definition

Order: Alphabetical Random

…

What It's Like To Be A Billionaire In Monaco

Why billionaires move to Monaco + yachts and wealthy residents (00:00 – 03:35)

Transcript will load here…

1. According to the video, why do many billionaires move to Monaco?

To escape high taxes in their home countries
Because Monaco has many large factories and jobs
To get government scholarships and free education
Because apartments are cheaper than in other countries

2. What is mentioned as a feature of the yacht “Hampshire II”?

A built-in submarine for underwater travel
A glass-bottom floor throughout the entire yacht
A helipad that can be converted into a soccer pitch
A basketball stadium on the top deck

3. What is described as unique about the yacht “Olivia O”?

It is powered only by solar panels
It is painted bright red to be easy to see
It is the smallest yacht in Port Hercules
It has an inverted bow that makes it look like a submarine

What It's Like To Be A Billionaire In Monaco

Monaco real estate: the Sky Penthouse and extreme prices (03:35 – 06:07)

Transcript will load here…

1. What is the price tag of the Sky Penthouse at Odeon Tower?

$15.7 billion
$387 million
$2.4 billion
$55 million

2. How many floors does the Sky Penthouse span?

Five floors
Three floors
Ten floors
Two floors

3. What does the video say about Avenue Princess Grace?

It is where Monaco’s main airport is located
It is the newest area built by land reclamation
It is the most expensive street in the world
It has the most affordable apartments in Monaco

What It's Like To Be A Billionaire In Monaco

Entertainment, inequality, and Monaco’s economic reality (06:07 – 08:38)

Transcript will load here…

1. What does the video say about Monaco residents and gambling at Casino de Monte Carlo?

Residents get free gambling credits every month
Gambling is off limits, and residents can’t enter the gaming rooms
Residents can gamble only on weekends
Residents are encouraged to gamble to support the economy

2. About how much does docking a superyacht at Port Hercules cost per day?

$1,200
$120,000
$120
$12,000

3. Since when has Monaco not levied a personal income tax (according to the video)?

Since 1869
Since 1945
Since 2025
Since 1999

What It's Like To Be A Billionaire In Monaco

Transcript will load here…

1. Which combination best explains Monaco’s extremely high housing prices in the video?

Limited space and an influx of billionaires
High crime rates and high insurance costs
Low demand and many empty apartments
Strict building safety rules and low tourism

2. What overall picture does the video give of Monaco’s population?

Many residents live below the poverty line
A very large share of residents are wealthy, including many millionaires
Most residents are middle-class workers
Most residents are students and retirees

3. What is one major reason Monaco attracts very rich newcomers, according to the video?

It has no personal income tax for residents
It pays people to buy yachts
It offers citizenship automatically to all visitors
It bans luxury shops and expensive hotels

Discussion Questions

Discuss the ideas from this video

What It's Like To Be A Billionaire In Monaco

Do you think it should be acceptable for people to move countries mainly to lower their taxes? Why or why not?
Which luxury features described in the video (yachts, penthouses, services) seem most surprising to you, and why?
How might a city change when many billionaires move in (housing, local culture, jobs, public spaces)?
If you could design a fair tax system for a small country like Monaco, what would you prioritize?