The roar, the riches, the race —  the Monaco Grand Prix preview
Ninety years after it was first run, the race still reigns supreme on the F1 calendar By HANNAH ELLIOTT / Pic By BLOOMBERG 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 (F1) 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 won in 2013, 2014 and 2015, told Sky Sports. The 2.094-mile (3.4km) Circuit de Monaco course winds directly up and down the narrow switchbacks carved by the city streets, making it impossible for even pedestrians to traverse any main arteries. Surrounded by cars and excess that day three years ago, I’d chuckled at the irony: I needed a lift. The Institution The 3.4km Circuit de Monaco course winds directly up and down the narrow switchbacks carved by the city streets (Pic: Bloomberg) The first Monaco Grand Prix was held in 1929, and it’s been running every year, uninterrupted, since 1955. It’s the jewel in the crown of the F1 circuit, the famous open-cockpit racing series for teams such as Aston Martin Red Bull, Ferrari and Mercedes-Benz. If you want to reach driving immortality, you must triumph here: Brazilian god Ayrton Senna won six times, Michael Schumacher won five. F1’s current star, Lewis Hamilton — the 12th-highest-paid athlete in the world — has won twice. Fresh off victories in China and Barcelona, the 34-year-old Brit is poised to do it again, which would be convenient, since he also lives here. He’ll have his work cut out for him. With 78 laps, 161.73 miles in total, Monaco’s grand circuit is the most dangerous and technically demanding in an F1 calendar, which includes a night race through the crammed thoroughfares of Singapore. The drivers piloting these 1,000hp rocket ships must abruptly shift speeds here, going from 185mph (298kph) to just 30mph as they combat the gravitational force of up to five Gs on tight curves. “To achieve anything,” 1961 Grand Prix winner Stirling Moss famously said, “you must be prepared to dabble on the boundary of disaster.” The average driver changes gears 3,666 times during the 90-minute race, and there are often inferno-inducing crashes — particularly coming out of the course’s tunnel. Australian Daniel Ricciardo holds the record for the fastest single lap ever run, covering its expanse in 1:10.81 last year. When asked how he felt after placing second in 2016, he replied: “Like I’ve been run over by an 18-wheel truck.” The Scene Kings and princes watched Ricciardo’s feat, along with shipping scions and their tanned associates. Then, there are the modern-day royals: Drake and Elton John, Rihanna and Gigi Hadid. The latter come wearing diamonds and watches priced like Porsches to hobnob with peers in paddock clubs and pit lounges; they perform at after-parties at established hot spots Buddha-Bar and Jimmy’z, or at swank pop-ups such as the party thrown by New York’s 1 Oak. The Monaco F1 soiree circuit starts early in the week, as Symphony (owned by LVMH chairman Bernard Arnault), Musashi (owned by Larry Ellison) and other superyachts pull into the bay fresh from Mykonos and Ibiza. Mornings start late, with a midday brunch, some swimming and shopping, and a late-afternoon rest back in your stateroom before dressing for sunset cocktails. In the cool of the evening, dinner will be at Odyssey, the exclusive Joël Robuchon restaurant designed by the late Karl Lagerfeld, or Omer, Alain Ducasse’s chic new spot in the Hôtel de Paris Monte-Carlo. After dinner, there may be dancing until dawn — it helps if you have friends who work at the clubs; entry at 1 Oak for a mere mortal costs US$10,000 (RM41,800), and that’s before you start drinking. If you’re not crashing on a friend’s yacht, you’ll want to look to the grand Hotel Metropole Monte-Carlo, which houses Odyssey, or the vast Fairmont Monte Carlo, perched on the water’s edge. (Book early; rates can swell past US$8,000, more than 10 times the price of a room in low season.) Villas can also be rented in the hills around the city. The Money Hamilton — the 12th-highest-paid athlete in the world — has won twice Like Hamilton, many current and former F1 drivers own homes here. Looking up from the oceanside promenade, you see slopes jammed thick with villas hidden by bushy palms and discrete retaining walls, like mini feudal castles. It’s difficult to resist a tax haven placed in the centre of Europe’s most stunning coast; the lack of capital-gains and income taxes and low inheritance taxes has contributed to an estimated US$1 trillion sitting untaxed in the principality’s bank accounts. In fact, the Monaco Grand Prix has such élan that it’s the only F1 locale in the world that doesn’t pay anything near the roughly US$30 million standard fee for the privilege of hosting. Where other cities lobby and then ante up to have billionaires descend on them, Monaco just sits back and puts out the vibe. The race’s promoting committee, the Automobile Club de Monaco, gets to keep all revenue generated throughout the weekend as well. The budget to produce the Grand Prix — which requires 50 engineers to erect 20 miles of temporary safety barriers and 1,100 tonnes’ worth of grandstands — is about €36 mil [...]