<p>Monaco holds one of the oldest races on the Formula One automobile racing circuit. The Monaco Grand Prix, held there annually, was first organized by Antony Noghes, a well-to-do cigarette manufacturer and a resident of Monte Carlo, under the auspices of Prince Louis II through the establishing of the Automobile Club de Monaco of which Noghes was the founding president. Grand Prix motor racing came to Monaco in 1929 when the first Grand Prix of Monaco automobile race was held. The inaugural race was won by William Grover-Williams driving a Bugatti painted in what would become the famous British racing green color. As a street race held on the Circuit de Monaco, which consists of the actual city streets of Monte Carlo and La Condamine, the race has many elevation shifts, tight corners, and a narrow course that make it perhaps the most demanding and the most dangerous track still in use in Formula One racing.</p>
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