Feb 11 • 21:13 UTC 🇦🇷 Argentina La Nacion (ES)

Mark Zuckerberg joins the exodus of millionaires and bids farewell to California to move to Florida

Mark Zuckerberg, the founder of Meta, is relocating from California to Florida, purchasing a luxurious waterfront property in Indian Creek as part of a trend among wealthy individuals leaving California due to proposed tax increases.

Mark Zuckerberg, the well-known founder of Meta, is making headlines as he relocates from California to Florida, purchasing a lavish oceanfront mansion in the exclusive community of Indian Creek, which is known for its affluent residents. This move coincides with significant discussions in California regarding potentially imposing higher taxes on wealthy individuals, prompting many millionaires to consider relocating in search of more favorable tax environments.

The decision reflects a broader trend among affluent Californians who are expressing concerns about the state's high cost of living and tax structure. Indian Creek, often referred to as the 'billionaire bunker,' has attracted a number of wealthy individuals looking for privacy and exclusivity. The community has become a favorable destination for those seeking to escape the challenges associated with life in California while maintaining a high standard of living in Florida.

As Zuckerberg joins this shift, it raises questions about the future of California's economy, particularly in Silicon Valley where the tech industry has flourished. The influx of high-profile figures moving out of California could have significant implications for local businesses, real estate markets, and state revenues, prompting ongoing discussions about how lawmakers might respond to the changing landscape of wealth distribution and taxation in the state.

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