Zuckerberg is leaving Silicon Valley for the same reason as Google co-founders

Mark Zuckerberg and his woman Priscilla Chan are buying a waterfront mansion connected Indian Creek, a man-made land successful Miami's Biscayne Bay that's often called Billionaires Bunker. The property, a recently completed property being sold by Jersey Mike's Subs laminitis Peter Cancro, is expected to fetch betwixt $150 cardinal and $200 million, The Wall Street Journal reported.According to WSJ, the mates is purchasing the astir 2-acre spot from a constricted liability institution tied to Cancro, who built the mansion from scratch aft acquiring the lot. A neighbour connected Indian Creek, Irma Braman, told the work that Zuckerberg plans to determination successful by April. It's unclear whether the woody has closed.

Zuckerberg joins a increasing database of California billionaires heading southbound to Florida

The Meta CEO's acquisition makes him the latest—and arguably the biggest—name successful a question of Silicon Valley billionaires putting down roots successful South Florida. Google co-founders Larry Page and Sergey Brin person some made purchases successful the Miami country successful caller weeks. Page picked up aggregate properties successful Coconut Grove for astir $188 million, portion Brin is reportedly successful talks for a $50 cardinal location connected Biscayne Bay.

Venture capitalist Peter Thiel opened a Miami bureau for his concern steadfast connected New Year's Eve, making his Florida determination official.The communal thread? California's projected Billionaire Tax Act—a ballot measurement backed by a healthcare workers' national that calls for a one-time 5% taxation connected the nett worthy of anyone worthy implicit $1 billion. If it qualifies for the November ballot and passes, it would retroactively use to anyone who was a California nonmigratory arsenic of January 1, 2026.

For Zuckerberg, whose nett worthy sits astatine astir $240 cardinal according to Bloomberg's Billionaires Index, that's a imaginable taxation measure northbound of $10 billion.

California gave billionaires a year's announcement to leave—and galore took the hint

The irony isn't mislaid connected anyone. California's Legislative Analyst's Office had projected the taxation would rise tens of billions. But that estimation assumed billionaires would enactment put. They didn't. In the 10 days earlier Christmas alone, entities connected to Sergey Brin terminated oregon moved 15 California LLCs retired of the state, The New York Times reported.

More than 45 LLCs associated with Larry Page filed akin paperwork.

David Sacks, the tech capitalist and White House AI adviser, opened an bureau for his task superior steadfast successful Austin, Texas.Not everyone's running, though. Nvidia CEO Jensen Huang publically said helium was "perfectly fine" with the tax. "We chose to unrecorded successful Silicon Valley and immoderate taxes they would similar to apply, truthful beryllium it," helium told Bloomberg Television.

Indian Creek: the backstage land wherever a $150M mansion is the introduction ticket

As for Zuckerberg's caller neighbourhood, Indian Creek is astir arsenic exclusive arsenic it gets. The gated land has its ain constabulary force, a azygous guarded span for access, and 24/7 marine patrols. Residents see Jeff Bezos, Ivanka Trump and Jared Kushner, Carl Icahn, and Tom Brady. Another astir completed location connected the land is presently listed for $200 million.Zuckerberg already owns homes successful Palo Alto, adjacent Lake Tahoe, successful Hawaii, and successful Washington, D.C. A Meta spokesperson declined to remark connected the Florida purchase. Whether the determination signals a alteration successful superior residence oregon is simply different summation to his existent property portfolio remains to beryllium seen—but fixed the taxation math, the reply seems reasonably obvious.