Mark Zuckerberg, founding father of Meta Platforms, reportedly has plans to purchase property in Miami’s lux Indian Creek neighbourhooda man-made island in southern Florida’s Biscayne Bay often known as ‘Billionaires Bunker’, Bloomberg reported, citing a supply.
The billionaire tech founder and spouse Priscilla Chan will reportedly be part of a roster of ultra-wealthy names who’ve moved to Florida — a zero income-tax state — over the previous few years.
The unique Indian Creek enclave additionally homes amongst different massive names, Amazon founder Jeff Bezos, NFL celebrity Tom Bradybusinessman and Donald Trump’s son-in-law Jared Kushner and Ivanka Trump, and Wall Avenue investor Carl Icahn.
A spokesperson for Meta decline to reply, the report added. The information of Mark Zuckerberg shopping for property in Florida was first damaged by The Wall Avenue Journal.
Mark Zuckerberg’s properties: The place does he have property?
Based on the Bloomberg report, citing information from the publication’s Billionaires Index, Mark Zuckerberg is value $240 billion, and owns two homes in California — one within the posh Palo Alto neighbourhoodand one within the in style vacationer spot of Lake Tahoe. He additionally owns homes in Washington DC and the island of Hawaii.
Notably, a transfer to Indian Creek would place Zuckerberg near United States President Donald Trump’s Mar-a-Lago membership in Palm Seashore, located 70 miles north of Miami. The billionaire has grown near Trump throughout his second time period within the White Home and has visited the property a number of instances, the report added.
Amongst Florida’s most unique enclaves, with tight safety limiting entry to residents and invited company. Indian Creek is a man-made barrier island, accessible solely through a single, closely guarded bridge. The prosperous neighbourhood boasts 40 heaps, its personal 18-hole golf course, and has its personal police pressure.
In December 2024, the New York Submit reported that an unidentified vendor was demanding $200 million for an empty waterfront lot adjoining to Jeff Bezos’ property.
Billionaires fleeing to Florida for no-tax standing?
The report mentioned it was unclear if the Florida property buy would imply change in everlasting residence or just an addition to the billionaire’s actual property portfolio. Notably, nevertheless, the report comes whilst California, which has been the first residence of many Silicon Valley billionairesis debating a one-time wealth tax on unrealized positive aspects.
Amongst those who have vocally opposed the so-called “billionaire tax” embrace David Sacks and Peter Thiel — who’ve each additionally left California.
The report additional famous that south Florida has seen an inflow of ultra-wealthy tech executives from California over the current weeks. Google’s co-founders Sergey Brin and Larry Web page have each purchased properties in Miami — a $50 million house on Biscayne Bay; and three properties within the Coconut Grove neighborhood for mixed $190 million, respectively, it mentioned.
California has proposed a one-time 5% tax on these with greater than $1 billion in internet value to cowl funding shortfalls for well being care, schooling and meals help. Nonetheless, the union-backed poll measure is but to assemble sufficient signatures to qualify for the November poll.
(With inputs from Bloomberg)