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Zuckerberg Buys $200M Miami Estate Amid California Tax Exodus

2/11/2026

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Summary

Story summary

Mark Zuckerberg purchased a Miami estate on Indian Creek for between $150 million and $200 million, per Wall Street Journal.
Property was sold by a company linked to Jersey Mike’s founder Peter Cancro.
Zuckerberg plans to move in by April.
Purchase reflects a trend of billionaires leaving California due to one-time 5% billionaire tax to fund healthcare.
California Governor Gavin Newsom criticized the proposed tax as poorly drafted and harmful.

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Story summary

Mark Zuckerberg purchased a Miami estate on Indian Creek for between $150 million and $200 million, per Wall Street Journal.
Property was sold by a company linked to Jersey Mike’s founder Peter Cancro.
Zuckerberg plans to move in by April.
Purchase reflects a trend of billionaires leaving California due to one-time 5% billionaire tax to fund healthcare.
California Governor Gavin Newsom criticized the proposed tax as poorly drafted and harmful.