Monaco Grand Prix - Fame

Fame

The Monaco Grand Prix is widely considered to be one of the most important and prestigious automobile races in the world alongside the Indianapolis 500-Mile Race and the 24 Hours of Le Mans. These three races are considered to form a Triple Crown of the three most famous motor races in the world. Graham Hill is the only driver to have completed the Triple Crown, by winning all three races. The practice session for Monaco overlaps with that for the Indianapolis 500, and the races themselves sometimes clash. As the two races take place on opposite sides of the Atlantic Ocean and form part of different championships, it is difficult for one driver to compete effectively in both during his career. Juan Pablo Montoya, who won the Monaco Grand Prix in 2003 and the Indianapolis 500 in 2000, is the only driver still racing in 2012 who has won two of the three races and thus is the closest to completing the Triple Crown.

In awarding its first Gold medal for motor sport to Prince Rainier III, the Fédération Internationale de l'Automobile (FIA) characterised the Monaco Grand Prix as contributing "an exceptional location of glamour and prestige" to motor sport. It has been run under the patronage of three generations of Monaco's royal family: Louis II, Rainier III and Albert II, all of whom have taken a close interest in the race. A large part of the principality's income comes from tourists attracted by the warm climate and the famous casino, but it is also a tax haven and is home to many millionaires, including several Formula One drivers.

Monaco has produced only three native Formula One drivers, Louis Chiron, André Testut and Olivier Beretta, but its tax status has made it home to many drivers over the years, including Gilles Villeneuve and Ayrton Senna. Of the 2006 Formula One contenders, several have property in the principality, including Jenson Button and David Coulthard, who was part owner of a hotel there. Because of the small size of the town and the location of the circuit, drivers whose races end early can usually get back to their apartments in minutes. Ayrton Senna famously retired to his apartment after crashing out of the lead of the 1988 race.

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