As the ultra-wealthy descend on Miami’s most expensive homes, the CEOs establishing roots in the region are bringing their companies with them.
Tech billionaires including Mark Zuckerberg, Larry Page and Sergey Brin are rapidly buying up properties in Florida to avoid California’s proposed 5% wealth tax on billionaires.
As business leaders face rising costs, regulatory complexity and intensifying competition for talent, Florida’s Gold Coast has become increasingly attractive for CEOs, founders and investors seeking a pro-growth environment, long-term predictability and a strong quality of life.
Stephen Ross, the real estate developer, and Ken Griffin, the billionaire financier, are trying to attract businesses to their new base, South Florida.
Billionaires Stephen Ross and Ken Griffin both relocated — from New York City and Chicago, respectively — to Florida, convinced it’s the best state in the country to run a business.
The Florida Council of 100 says the campaign responds to specific challenges driving CEOs to seek new markets, including rising costs, regulatory hurdles and intense competition for talent.