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Billionaires Flee High-Tax States | Orlando News
Description
Billionaires are fleeing California, Washington, and Illinois for Florida—driven less by sunshine and more by tax avoidance. With new high-income taxes looming in coastal states, the Sunshine State’s zero income and capital gains tax is proving irresistible. Big names like Bezos, Zuckerberg, Ellison, Page, and Griffin are snapping up prime real estate and relocating businesses to Miami, Palm Beach, and beyond, turning Florida into a tax-efficient wealth hub as fortunes consolidate south.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.clickorlando.com/news/florida/2026/09/15/report-billionaires-have-been-flocking-to-these-spots-in-florida-here-could-be-why/
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