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Monaco, is a sovereign city-state, country, and microstate on the French Riviera in Western Europe. France borders the country on three sides while the other side borders the Mediterranean Sea. Monaco is about 9.3 mi from the state border with Italy. Monaco has an area of 0.780 sq mi, it is the second-smallest country in the world. it is the most densely-populated sovereign state in the world. The highest point in the country is a narrow pathway named Chemin des Révoires on the slopes of Mont Agel, in the Les Révoires Ward, which is 528 feet above sea level. Monaco's most populous Quartier is Monte Carlo and the most populous Ward is Larvotto/Bas Moulins. Monaco is known to be the most expensive and the wealthiest place on Earth, due to its tax laws. In 2014, it was noted that about 30% of the population was made up of millionaires.