Meta CEO Mark Zuckerberg reportedly purchased a waterfront mansion in Miami’s Indian Creek. He plans to make the property his primary residence.
The relocation coincides with a proposed retroactive 5% wealth tax on California billionaires. Speculation suggests the move is a strategic financial decision.
Zuckerberg follows Amazon founder Jeff Bezos in moving to Florida. Florida maintains no state income tax.
The shift highlights a wealth exodus from California. State officials express concern over the impact on the tax base and tech leadership concentration.