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Zuckerberg Buys in Bezos’ Florida Zip Code Amid California Wealth Tax Fight
Zuckerberg joins other tech billionaires relocating to South Florida amid California’s proposed 5% wealth tax targeting billionaires with net worth over $1 billion.
- Meta CEO Mark Zuckerberg reportedly purchased a luxury estate worth $150-$200 million in a South Florida zip code where Amazon's Jeff Bezos also owns property, amid California's proposed 5% billionaire tax.
- The billionaire tax proposal, which would apply retroactively to January 1, 2026, is seen as a factor driving some high-net-worth individuals to leave California for states like Florida.
- Venture capitalist Chamath Palihapitiya stated that Zuckerberg's move to Florida has caused California's total taxable wealth from billionaires to plummet to under $1 trillion from over $2 trillion a few weeks ago.
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Several notable figures in the famous Californian valley move to escape the possibility of setting up a tax in the state.
·Paris, France
Read Full ArticleMeta CEO Mark Zuckerberg Buys 'Billionaire Bunker' Estate As California Tax Shift Looms - Meta Platforms (NASDAQ:META)
Meta CEO Mark Zuckerberg and wife Priscilla Chan are relocating to a $150M–$200M Miami mansion amid California's proposed billionaire tax. Importance Rank: 1
·New York, United States
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Total News Sources49
Leaning Left10Leaning Right15Center10Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
Factuality
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