Zurich, Thursday: Departing Ferrari F1 driver Kimi Raikkonen has announced that he is to build himself a new house in Switzerland, after being paid millions of dollars by Ferrari for the privilege of not driving for them next season.

Loaded: F1 driver-cum-architect Kimi Raikkonen
Loaded: F1 driver-cum-architect Kimi Raikkonen

Given that Raikkonen is also set to earn a comparably huge sum driving for McLaren in 2010, the Finn revealed today that his house was to be built entirely out of Swiss coinage, in order to account for some of the wealth he has accumulated and would otherwise be unable to spend.

“An application for planning permission has been submitted to Kimi’s local canton,” one of Raikkonen’s spokesmen commented earlier. “He has decided that rather than building a massive, showy palace like Michael Schumacher did, it will be better for him to flaunt his earnings by literally living inside them.”

Plans for the house have not been publicly released, though it is expected to be a modest four-bedroom affair on the outskirts of Zurich. Besides the unusual building material, the only concession to Raikkonen’s wealth will be an outdoor swimming pool filled with banknotes, in which the 2007 F1 champion can roll around and laugh stereotypically about how incredibly rich he is.

However, banking expert Hubert Grabba of British investment bank Grabba Bonuss & Leggitt insisted that building in Switzerland may not be the wisest course of action for Raikkonen: “The Swiss franc is actually a very thin coin, which means that he’ll need quite a lot of them to build a decent-sized house. The British pound, for example, would be a better bet as comparatively fewer coins would be needed, though this would probably be cancelled out by the superior value of the pound. Actually, Kimi’s best bet would be to up sticks to Monaco and live tax-free while building his house out of euros, which are slightly thicker and better value.”