Michael Schumacher won the Monaco Grand Prix 2001 at Circuit de Monaco on 27 May 2001, starting from P2 on the grid. Rubens Barrichello finished second for Ferrari, with Eddie Irvine completing the podium for Jaguar.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 2 | Michael SchumacherMSC | Ferrari | 78 | 1:47:22.561 | 10 | |
| 2 | 4 | Rubens BarrichelloBAR | Ferrari | 78 | +0.431 | 6 | |
| 3 | 6 | Eddie IrvineIRV | Jaguar | 78 | +30.698 | 4 | |
| 4 | 9 | Jacques VilleneuveVIL | BAR | 78 | +32.454 | 3 | |
| 5 | 1 | David CoulthardCOU | McLaren | 77 | +1 Lap | 2 | |
| 6 | 11 | Jean AlesiALE | Prost | 77 | +1 Lap | 1 | |
| 7 | 17 | Jenson ButtonBUT | Benetton | 77 | +1 Lap | 0 | |
| 8 | 19 | Jos VerstappenVER | Arrows | 77 | +1 Lap | 0 | |
| 9 | 20 | Enrique BernoldiBER | Arrows | 76 | +2 Laps | 0 | |
| 10 | 15 | Kimi RäikkönenRAI | Sauber | 73 | +5 Laps | 0 | |
| R | 5 | Ralf SchumacherSCH | Williams | 57 | Electrical | 0 | |
| R | 22 | Tarso MarquesMAR | Minardi | 56 | Transmission | 0 | |
| R | 18 | Fernando AlonsoALO | Minardi | 54 | Gearbox | 0 | |
| R | 13 | Heinz-Harald FrentzenFRE | Jordan | 49 | Accident | 0 | |
| R | 10 | Giancarlo FisichellaFIS | Benetton | 43 | Gearbox | 0 | |
| R | 8 | Jarno TrulliTRU | Jordan | 30 | Hydraulics | 0 | |
| R | 21 | Luciano BurtiBUR | Prost | 24 | Gearbox | 0 | |
| R | 14 | Pedro de la RosaDLR | Jaguar | 18 | Hydraulics | 0 | |
| R | 3 | Mika HäkkinenHKK | McLaren | 15 | Steering | 0 | |
| R | 12 | Olivier PanisPAN | BAR | 13 | Steering | 0 | |
| R | 7 | Juan Pablo MontoyaMON | Williams | 2 | Spun off | 0 | |
| R | 16 | Nick HeidfeldHEI | Sauber | 0 | Collision | 0 |