Bloomberg Businessweek

MONACO’S AMAZING RACE

Ninety years after the first running of the city-state’s Grand Prix, it still reigns supreme on the Formula One calendar
Racing legend Niki Lauda takes a turn at the Grand Prix in 1985

The first place I ever hitchhiked was Monte Carlo. I’d never considered it before, but I found myself sun-cooked and far removed from my lodging—a whitewashed condo somewhere far above the sapphire Mediterranean—with no way to get there.

Sauntering along a narrow footpath near Quai des Etats-Unis in 2016, winding away from Monaco’s gleaming seaside boutiques, I was exhausted but in high spirits. The day had been a cacophony of money, power, and adrenaline I was unlikely to experience anywhere else.

Each year in May, 200,000 of the human beings with the world’s most outward-facing wealth engorge a city the size of New York’s Central Park. They’re here to imbibe Formula One’s dizzying Monaco Grand Prix—this year the sixth race in the sport’s 21-stop global tour and always its most glamorous. “Winning the Monaco Grand Prix is the highlight of any racing driver’s career,” Nico Rosberg, who

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek4 min read
Putting Climate on the Balance Sheet
Behind the scenes at some of the world’s biggest banks, small teams of employees are busy trying to calculate what might prove to be one of the most important numbers any financial institution will ever disclose: how much the assets on their balance
Bloomberg Businessweek3 min readPolitics
The Trump Administration’s Internal Peace Plan
In firing John Bolton as national security adviser, the president handed Secretary of State Mike Pompeo a victory
Bloomberg Businessweek7 min readPolitics
A Trade War of Unintended Consequences
The growing animosity between the U.S. and China is resulting in a world that will benefit neither