Mark Zuckerberg Relocates to Florida’s ‘Billionaire Bunker’ in Response to California Wealth Tax
Auger founder and CEO Dave Clark joins ‘Mornings with Maria’ to discuss President Donald Trump’s push to reshore U.S. supply chains and his deal with Meta’s Reality Labs to use Auger’s operating system.
Page, Brin, Ellison, Thiel, Sacks — and now, Zuckerberg.
Meta CEO Mark Zuckerberg is the latest California billionaire making waves in Florida, having recently acquired a stunning waterfront mansion in Miami’s exclusive “Billionaire Bunker.” This move comes as Golden State lawmakers propose a 5% tax on the ultra-wealthy, prompting many high-profile individuals to reconsider their residency.
Zuckerberg and his wife, Priscilla Chan, are reportedly purchasing a newly constructed mansion on Indian Creek, one of the most affluent neighborhoods in the area. While the deal has yet to be officially confirmed, sources close to the transaction informed The Wall Street Journal that Zuckerberg plans to move in by April, indicating a permanent relocation rather than just a vacation retreat.
“People like Zuckerberg plan three moves ahead. That billionaire tax chatter has a lot of Palo Alto owners doing real math. If you’re staring at a potential 5% hit tied to net worth, Florida becomes a business decision. And Indian Creek is the clearest signal you’re serious, because it’s built for privacy and control,” said Troy Dean Home CEO Troy Ippolito in a statement to Fox News Digital.
PETER THIEL DONATES $3M TO GROUP FIGHTING PROPOSED CALIFORNIA BILLIONAIRE TAX
“This is a loud signal that South Florida is a primary market now. When someone at Zuckerberg’s level buys here, it changes buyer psychology overnight,” Ippolito continued. “If that tax actually moves forward, you’ll see the impact first at the very top, because there’s so little true trophy inventory.”
Priscilla Chan and Mark Zuckerberg at the WSJ. Magazine 2025 Innovator Awards held at The Museum of Modern Art on October 29, 2025, in New York, New York. (Getty Images)
The nearly 2-acre property is estimated to be worth between $150 million and $200 million, based on comparable sales. The reported seller is a limited liability company linked to Peter Cancro, the founder of Jersey Mike’s Subs.
Cancro made headlines in 2024 when he sold a majority stake in Jersey Mike’s to Blackstone for $8 billion, including debt. His off-market sale to Zuckerberg is a common strategy among ultra-wealthy buyers seeking discretion.
Aerial views of the estate reveal its prime location across Biscayne Bay, featuring a private dock, wraparound terraces, lush landscaping, a waterfront pool, and charming blue shutters, among other luxurious amenities. This acquisition adds to Zuckerberg’s already impressive real estate portfolio, which includes properties in Lake Tahoe, Palo Alto, and Kauai.
“It’s one entrance, tightly controlled, and only about 41 homes. You’re minutes from Miami, but it feels isolated. If you’re a global name, and you want a truly private backyard, this is as close as it gets,” Ippolito explained.
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Meta has not yet responded to Fox News Digital’s request for confirmation or comment regarding the acquisition.
Some of Zuckerberg’s new neighbors on Indian Creek include notable figures such as Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump, Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski, and Edward Lampert.
Zuckerberg’s move aligns with a trend among other California billionaires who have recently established residency in South Florida, largely in response to the proposed California wealth tax.
Although the initiative has not yet gathered the necessary 875,000 signatures to qualify for the November ballot, the proposal — supported by the Service Employees International Union–United Healthcare Workers West — would impose a one-time 5% tax on the net worth of California residents with assets exceeding $1 billion.
The Corcoran Group agent Julian Johnston exclusively speaks to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed wealth tax.
The tax would be due in 2027, with taxpayers allowed to spread payments over five years, incurring additional costs, according to the California Legislative Analyst’s Office.
If voters approve the measure, anyone who was a California resident on January 1, 2026, would be liable for the tax, as outlined in the proposal.
Many South Florida real estate agents have reported to Fox News Digital that since the beginning of the year, there has been a surge of interest from California buyers, reflected in increased calls and website traffic for brokers.
“There are several other very prominent founders, tech giants, and venture capitalists who have also relocated here,” said luxury real estate broker Julian Johnston of The Corcoran Group. “Miami has changed significantly over the last decade. It’s culturally more interesting… They expressed satisfaction with their move and are eager to see how things unfold in the coming years.”
FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed wealth tax on ‘The Bottom Line.’
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“One client mentioned, ‘You know, this could be like a $5 billion tax for me,’” he recalled. “So they’re moving because of that.”
“Florida feels predictable. You have a clearer tax picture, fewer hurdles, and a much easier day-to-day,” Ippolito added. “Many buyers feel that California treats them like a target, while Florida welcomes them as part of the community.”
Auger founder and CEO Dave Clark joins ‘Mornings with Maria’ to discuss President Donald Trump’s push to reshore U.S. supply chains and his deal with Meta’s Reality Labs to use Auger’s operating system.
Page, Brin, Ellison, Thiel, Sacks — and now, Zuckerberg.
Meta CEO Mark Zuckerberg is the latest California billionaire making waves in Florida, having recently acquired a stunning waterfront mansion in Miami’s exclusive “Billionaire Bunker.” This move comes as Golden State lawmakers propose a 5% tax on the ultra-wealthy, prompting many high-profile individuals to reconsider their residency.
Zuckerberg and his wife, Priscilla Chan, are reportedly purchasing a newly constructed mansion on Indian Creek, one of the most affluent neighborhoods in the area. While the deal has yet to be officially confirmed, sources close to the transaction informed The Wall Street Journal that Zuckerberg plans to move in by April, indicating a permanent relocation rather than just a vacation retreat.
“People like Zuckerberg plan three moves ahead. That billionaire tax chatter has a lot of Palo Alto owners doing real math. If you’re staring at a potential 5% hit tied to net worth, Florida becomes a business decision. And Indian Creek is the clearest signal you’re serious, because it’s built for privacy and control,” said Troy Dean Home CEO Troy Ippolito in a statement to Fox News Digital.
PETER THIEL DONATES $3M TO GROUP FIGHTING PROPOSED CALIFORNIA BILLIONAIRE TAX
“This is a loud signal that South Florida is a primary market now. When someone at Zuckerberg’s level buys here, it changes buyer psychology overnight,” Ippolito continued. “If that tax actually moves forward, you’ll see the impact first at the very top, because there’s so little true trophy inventory.”
Priscilla Chan and Mark Zuckerberg at the WSJ. Magazine 2025 Innovator Awards held at The Museum of Modern Art on October 29, 2025, in New York, New York. (Getty Images)
The nearly 2-acre property is estimated to be worth between $150 million and $200 million, based on comparable sales. The reported seller is a limited liability company linked to Peter Cancro, the founder of Jersey Mike’s Subs.
Cancro made headlines in 2024 when he sold a majority stake in Jersey Mike’s to Blackstone for $8 billion, including debt. His off-market sale to Zuckerberg is a common strategy among ultra-wealthy buyers seeking discretion.
Aerial views of the estate reveal its prime location across Biscayne Bay, featuring a private dock, wraparound terraces, lush landscaping, a waterfront pool, and charming blue shutters, among other luxurious amenities. This acquisition adds to Zuckerberg’s already impressive real estate portfolio, which includes properties in Lake Tahoe, Palo Alto, and Kauai.
“It’s one entrance, tightly controlled, and only about 41 homes. You’re minutes from Miami, but it feels isolated. If you’re a global name, and you want a truly private backyard, this is as close as it gets,” Ippolito explained.
‘Making Money’ host Charles Payne analyzes Meta and reveals whether a year-end market rally is still on the table on ‘Varney & Co.’
Meta has not yet responded to Fox News Digital’s request for confirmation or comment regarding the acquisition.
Some of Zuckerberg’s new neighbors on Indian Creek include notable figures such as Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump, Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski, and Edward Lampert.
Zuckerberg’s move aligns with a trend among other California billionaires who have recently established residency in South Florida, largely in response to the proposed California wealth tax.
Although the initiative has not yet gathered the necessary 875,000 signatures to qualify for the November ballot, the proposal — supported by the Service Employees International Union–United Healthcare Workers West — would impose a one-time 5% tax on the net worth of California residents with assets exceeding $1 billion.
The Corcoran Group agent Julian Johnston exclusively speaks to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed wealth tax.
The tax would be due in 2027, with taxpayers allowed to spread payments over five years, incurring additional costs, according to the California Legislative Analyst’s Office.
If voters approve the measure, anyone who was a California resident on January 1, 2026, would be liable for the tax, as outlined in the proposal.
Many South Florida real estate agents have reported to Fox News Digital that since the beginning of the year, there has been a surge of interest from California buyers, reflected in increased calls and website traffic for brokers.
“There are several other very prominent founders, tech giants, and venture capitalists who have also relocated here,” said luxury real estate broker Julian Johnston of The Corcoran Group. “Miami has changed significantly over the last decade. It’s culturally more interesting… They expressed satisfaction with their move and are eager to see how things unfold in the coming years.”
FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed wealth tax on ‘The Bottom Line.’
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“One client mentioned, ‘You know, this could be like a $5 billion tax for me,’” he recalled. “So they’re moving because of that.”
“Florida feels predictable. You have a clearer tax picture, fewer hurdles, and a much easier day-to-day,” Ippolito added. “Many buyers feel that California treats them like a target, while Florida welcomes them as part of the community.”
