BREAKING:Zuckerberg Joins Billionaire Shift to Florida as California Considers 5% Wealth Tax.

As California debates a controversial proposal to impose a 5% tax on billionaires, Meta CEO Mark Zuckerberg has reportedly become the latest ultra-wealthy executive to plant roots in Florida, purchasing a lavish waterfront estate in one of Miami’s most exclusive enclaves.

The move highlights a growing trend among Silicon Valley elites reevaluating where they live—and pay taxes.

According to multiple reports, Zuckerberg and his wife, Priscilla Chan, are acquiring a luxury property on Indian Creek Island, a secluded, gated community near Miami often dubbed the “Billionaire Bunker.”

The estate, situated on nearly two acres, is estimated to be worth between $150 million and $200 million and features waterfront access, a private dock, and high-end amenities designed for privacy and security.

Zuckerberg’s purchase places him among a growing list of billionaires shifting attention toward South Florida.

The migration comes as California weighs a proposed wealth tax targeting residents with fortunes exceeding $1 billion—a policy that has sparked fierce debate over its potential economic impact.

Supporters of the tax argue it could generate massive funding for public services such as healthcare, education, and food assistance, while critics warn it may push wealthy individuals—and their investments—out of the state.

Florida, by contrast, offers no state income tax, making it particularly attractive to high-net-worth individuals seeking financial advantages.

The Sunshine State has increasingly drawn business magnates and tech leaders, fueling a surge in luxury real estate demand across Miami’s most exclusive neighborhoods.

Zuckerberg’s move reflects a broader shift in how policy debates can influence where wealth and capital settle.

As the battle over California’s billionaire tax continues, the flow of ultra-rich residents toward low-tax states like Florida may reshape both regions’ economic and real-estate landscapes in the years ahead.