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Feb 10
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LONG
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Robert Frank
Wealth Editor, CNBC
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Zuckerberg bought a $150M home in Florida. Meta has a growing office in Miami. Robert Frank confirms other billionaires (Page, Brin) are moving family offices, private companies, and children to Florida schools. This is the "Cluster Effect." When the CEO moves, the C-suite, family offices, and philanthropic arms follow. This creates a structural tailwind for Florida's high-end real estate market and local economy, regardless of whether the specific CA tax passes. Long Florida-exposed assets (e.g., St. Joe Company or Miami-centric developers) as wealth migration accelerates. Florida real estate market saturation or climate-related insurance risks. |
CNBC
Tech titans leave California after new wealth...
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