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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.
71 Articles
71 Articles
Five is the number that is driving a group of extra-rich refugees from California, with the new tax on multi-millionaire fortunes. A META grant will be the next to buy a house in Miami.
Several notable figures in the famous Californian valley move to escape the possibility of setting up a tax in the state.
Meta's Mark Zuckerberg will flee to Florida to escape Dems' California's 'billionaire tax' shakedown · American Wire News
Meta CEO Mark Zuckerberg is the latest billionaire fleeing California to escape from a Democrat-backed punitive tax, which would put the screws to the Golden State’s richest residents, fleeing to the safety of Florida The Facebook founder and his wife, Priscilla Chan, are reportedly purchasing a new mansion on Indian Creek in Miami, a part of the South Florida city’s exclusive “Billionaire Bunker” where his new neighbors will include Jeff Bezos,…
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