Four days of Monacology unites kids and the environment

Monacology organizers

More than three dozen volunteers joined Monacology founders Didier Rubiolo and Kate Powers of Stars’n’Bars and Olivier Arnoult of MC Advisory at a press conference at the Grimaldi Forum on Tuesday to outline their programme for four days of environmental “consciousness raising”.

This year is the Association’s 13th anniversary and participants have chosen to focus on the United Nations’ Sustainable Development Goals … a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.

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From June 6 to 9, Monaco schoolchildren will visit dozens of workshops, exhibits, film projections and interactive games addressing many of the 17 global goals, including climate change, water supply, clean energy, ocean protection and responsible consumption.

According to Kate, Monacology’s EcoVillage, which will be set up at Quai Antoine 1er, is “100 percent green” and the activities are manned by volunteers from government, non-profit associations and the private sector.

“It’s the Monaco community at its best”, she said. This year’s exhibits will also include a solar-powered boat built by local students and a solar-powered ambulance.

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Article first published May 30, 2017.

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Slight slippage in Monaco’s millionaire density

monaco propertyMonaco remains the top spot worldwide for the density of millionaires, but there has been a small slippage in recent years, according to the latest figures from Verdict, a business news and analytical organisation.

While it has been known for some time that just under a third of people – 30.6 percent – living in Monaco have a net worth of more than $1 million excluding the value of their principle residence. This year records a fall of 0.5 percentage points compared to 12 months earlier.

European cities dominate the global millionaire density rankings, with Geneva, Zurich and Zug in second, third and fourth position, followed by London, where one person in 29 is a millionaire. Two former British colonial city-state outposts with liberal economies represent Asia – Hong Kong, in sixth place, and Singapore in seventh. Frankfurt is ranked eighth and New York ninth, ahead of Paris in tenth position.

Tellingly, the gap between Monaco and the three Swiss cities remains very wide, with Geneva having a millionaire density of six percent. The French capital, at the bottom end of the top ten, records just two percent.

Verdict’s editor commented: “It is heartening to see London’s density of millionaires all but unaffected by last year’s Brexit vote suggesting people are waiting to see how negotiations between the UK and the European Union play out over the next couple of years.”

Article first published May 28, 2017.

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