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Chronicles

The story behind the story

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Sources: Mark Zuckerberg plans to buy a Miami mansion, likely for up to $200M, joining other tech billionaires in Florida as California proposes a 5% wealth tax

Local real-estate agents say the newly completed mansion on Miami's Indian Creek will likely fetch between $150 million and $200 million

Wall Street Journal

Discussion

  • @martin_casado @martin_casado on x
    The amount of tax revenue @RoKhanna and his ilk have cost average California is unprecedented. Less for education. Less for medical care. Less for infrastructures. Perhaps the single most disastrous policy move in the history of Silicon Valley.
  • @chamath Chamath Palihapitiya on x
    With Zuck's move to Florida, California's total taxable wealth from billionaires has plummeted to well under $1T from over $2T just a few weeks ago. The loss of this tax revenue was totally avoidable but is now forever. All because Gavin Newsom stood motionless as this stupidly
  • @tunguz Bojan Tunguz on x
    Florida is where the future of technology is headed.
  • @meghanbobrowsky Meghan Bobrowsky on x
    Norman Braman's wife said Zuckerberg told them he planned to move to a new Miami mansion by April, per WSJ story [image]
  • @markessien Mark Essien on x
    All the billionaires are moving south. The chance of the 2031 extreme cold in the north happening is quite high. All of you migrating to Canada and the UK - you have less than 5 years before you need to migrate to the south.
  • @pitdesi Sheel Mohnot on x
    Wealth tax is truly the dumbest thing for California. Although we have crazy politicians, in this case almost no elected officials even support it, yet it could still end up on the ballot. Direct democracy is bad, actually!
  • @analyticacamil1 @analyticacamil1 on x
    They must've heard that California's strengthening laws against pedophilia [image]
  • @brezina Matt Brezina on x
    Goodbye to California's top taxpayers! Unions control California state politics and could very well bankrupt the state with this proposed billionaire tax Public sector unions have also shut down all San Francisco public schools starting today. Winning!
  • @yossigestetner Yossi Gestetner on x
    Guys, like Zuck, who helped make Cali a One State Blue Regime should live with the consequences of their actions instead of moving to red states where they will AT BEST behave like Democrats from 12 years ago.
  • @balajis Balaji on x
    By the way, it's obvious that the 2026 billionaire wealth seizure will be followed by a millionaire wealth seizure. Why? Because the same California Democrats who are trying to expropriate 200 “billionaires” proposed a wealth tax on 30,000 millionaires back in 2020. That [image]
  • @balajis Balaji on x
    Zuck out Page out Brin out Thiel out Elon out The most successful tech founders of all time have now exited the failed state of California. You shouldn't move there for tech. And if you are there, you should leave. The future is the decentralized Internet.
  • @jon_hartley_ Jon Hartley on x
    Mark Zuckerberg buying Miami home following California wealth tax proposal
  • @wsj @wsj on x
    Exclusive: Billionaire Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, are purchasing a newly completed waterfront mansion on Miami's Indian Creek, becoming the latest California billionaires to buy a home in South Florida. https://www.wsj.com/...
  • @chefgruel Chef Andrew Gruel on x
    He created the beast from which he is fleeing.
  • @pitdesi Sheel Mohnot on x
    @benduchek I don't think he's moving now but is getting lined up in case he has to. In any case, this tax (even though it hasn't been enacted) has pushed a LOT of people to rethink California. and... i have discussed policy. see if you agree https://x.com/...
  • @francissuarez Francis X. Suarez on x
    So you're saying there's a chance...lol. @MarkZuckss welcome to the neighborhood. Another one bites the dust...
  • @ashleyrindsberg Ashley Rindsberg on x
    CA has pulled off what must be the biggest self-own in US economic history. While @garrytan and many others worked to re-fire the Bay Area innovation forge, the Party embarked on an ideological purge of the world's greatest innovators. It's an inverse marvel, an historic
  • @ricburton Richard Burton on x
    Kids in Creators in Students in Engineers in Designers in California is worth fighting for. Don't let the tax bills of a few post-economic ballers change your plans. Balaji happily extracted what he needed from California and then scurried away like the rest of his ilk.
  • @gbousis George D. Bousis on x
    Welcome @finkd !!!
  • r/economy r on reddit
    Mark Zuckerberg Is the Latest California Billionaire to Buy a Florida Home - The Wall Street Journal.
  • r/bayarea r on reddit
    Mark Zuckerberg Is the Latest California Billionaire to Buy a Florida Home for up to $200M
  • @elonmusk Elon Musk on x
    @beffjezos Many
  • @beffjezos @beffjezos on x
    Many founders in private have moved out of California as their primary place to live and operate, myself included
  • NewsMax.com Newsmax Wires on x
    Zuckerberg Joins Billionaire Rush to Florida With Indian Creek Mansion Deal