The entry point for Monaco's richest is more than 200 times greater than the $57,000 needed to join the 1% in the Philippines.

If you want to join Monaco's richest 1 percent, you'll need an eight-figure fortune. It takes $12.4 million to make the cut in the tiny Mediterranean principality, according to research from Knight Frank, where billionaire residents such as UK industrialist Jim Ratcliffe and Walgreens Boots Alliance chairman Stefano Pessina typically don't face income or capital gains taxes.

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