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Former Starbucks CEO Howard Schultz leaves Seattle for Miami as Washington State advances millionaire tax
Howard Schultz, with a net worth over $3.5 billion, relocated his family office to Miami while the Schultz Family Foundation stays in Seattle amid a new 9.9% millionaire's tax.
- Howard Schultz, the 72-year-old billionaire and former Starbucks CEO, announced that he and his wife are relocating from Seattle to Miami after 40 years in Washington. He recently purchased a $44 million luxury penthouse in Surfside, Florida, and is moving his private family office there as well.
- The announcement coincided exactly with the Washington State House passing SB 6346, a landmark bill that establishes a 9.9% income tax on households earning over $1 million annually. The tax, which is expected to be signed by Governor Bob Ferguson, is intended to fund public education and childcare while expanding tax credits for working families.
- While critics and Republican lawmakers label the move as "capital flight" triggered by the new tax, Schultz officially framed the relocation as a "retirement phase" choice.
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Ex-Starbucks CEO flees Seattle for Florida as Dems push for millionaire tax · American Wire News
Howard Schultz, a former Starbucks chief executive, announced on Wednesday that he and his wife are relocating from Seattle to Florida after spending 45 years in Washington State. He made the announcement via LinkedIn, where he wrote about how he and his wife, Sheri, moved from New York City to Seattle decades ago to start “a new life.” “Sheri would be the breadwinner in the family, taking on a career in design,” he explained. “And I started a n…
The spokesman-Review
Financial PostStarbucks founder leaves Washington state with millionaire tax rattling the rich
Washington state lawmakers had been debating a proposed “millionaire’s tax” for 23 hours straight when Starbucks Corp. founder Howard Schultz said he was leaving the state to move to Miami.
Starbucks Founder Relocates To Florida As Washington Considers Millionaires Tax - American Liberty News
⏱ 3 minute readHoward Schultz, the billionaire founder of Starbucks, announced that he and his wife, Sheri Schultz, are leaving their longtime home in Seattle and relocating to Miami, Florida, as they enter what they describe as the “retirement phase” of their lives. In a statement shared on LinkedIn, the couple said they have been […]
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