
Billionaires Flee California for Florida Over Proposed Tax
A proposed 5% wealth tax in California is driving a massive migration of tech billionaires to Florida, sparking a luxury real estate boom and an economic debate.
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A proposed 5% wealth tax in California is driving a massive migration of tech billionaires to Florida, sparking a luxury real estate boom and an economic debate.

Google co-founder Larry Page is leading a new wave of tech billionaires moving to Miami, spending over $180M and driving a surge in luxury real estate.

Tech billionaires are flocking to South Florida, buying multiple adjacent properties to build massive private estates and driving luxury real estate prices to new heights.

A waterfront mansion in Manalapan, Florida, owned by billionaire Randal J. Kirk, has had its price cut by $44 million, now listed for $90 million.

Billionaire real estate tycoon Donald Bren has publicly disavowed his son, David Bren, who faces lawsuits alleging a $2 million scam involving a fake luxury car club.