Monte Carlo is considered to be the city of the rich, which is no surprise when you consider that citizens of Monaco are exempt from tax and so there are more than a few billionaires residing in Monte Carlo. It is the wealthiest and most famous quarter in the Principality of Monaco and the second smallest independent state in the world, after the Vatican. Monte Carlo in Monaco may be most famous for its casinos, but it also offers lush tropical gardens, the well known Formula One Monte Carlo Grand Prix, and the Monte Carlo Opera. It attracts the rich, film stars, pop stars, sporting celebrities, royalty, television personalities and many more of the rich and famous. A tourist visiting Monte Carlo will have countless opportunities to mix and mingle with many of the rich jet set as easy as can be. One will find rubbing shoulders with these celebrities wherever they go. For one week in every year Monte Carlo is completely closed for cars, this is because the streets of Monte Carlo are used as a race track for the Formula One Grand Prix. And this is really quite a spectacular event, which draws even more rich jet setters to Monte Carlo. Carlo is a most unique place, which is full of beauty, spectacle, wonderment and sheer pleasure and enjoyment. Charlie Chaplin once entered a Charlie Chaplin look-alike contest in Monte Carlo and came in third; that's a story.