{"id":1525,"date":"2026-02-10T11:14:19","date_gmt":"2026-02-10T11:14:19","guid":{"rendered":"https:\/\/d.sheep-mine.ts.net\/?p=1525"},"modified":"2026-02-10T11:14:19","modified_gmt":"2026-02-10T11:14:19","slug":"128154870-cms","status":"publish","type":"post","link":"https:\/\/d.sheep-mine.ts.net\/?p=1525","title":{"rendered":"After keeping mum on \u2018Billionaire Tax\u2019 that has Google co-founders leave California, Mark Zuckerberg too may be moving from the place that has been his home for 10-plus years – The Times of India"},"content":{"rendered":"


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Mark Zuckerberg and Priscilla Chan are reportedly buying a $150-$200 million mansion on Miami’s exclusive Indian Creek island. This move, alongside other Silicon Valley billionaires like Larry Page and Sergey Brin, comes amid California’s proposed Billionaire Tax Act. The potential tax could cost Zuckerberg over $10 billion, prompting many wealthy individuals to seek residency elsewhere.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

Mark Zuckerberg<\/a> and his wife Priscilla Chan are buying a waterfront mansion on Indian Creek, a man-made island in Miami’s Biscayne Bay that’s often called Billionaires Bunker. The property, a newly completed estate being sold by Jersey Mike’s Subs founder Peter Cancro, is expected to fetch between $150 million and $200 million, The Wall Street Journal reported.According to WSJ, the couple is purchasing the nearly 2-acre property from a limited liability company tied to Cancro, who built the mansion from scratch after acquiring the lot. A neighbour on Indian Creek, Irma Braman, told the publication that Zuckerberg plans to move in by April. It’s unclear whether the deal has closed.<\/p>\n

Zuckerberg joins a growing list of California billionaires heading south to Florida<\/b><\/h2>\n<\/p>\n

The Meta CEO’s purchase makes him the latest\u2014and arguably the biggest\u2014name in a wave of Silicon Valley billionaires putting down roots in South Florida. Google co-founders Larry Page and Sergey Brin<\/a> have both made purchases in the Miami area in recent weeks. Page picked up multiple properties in Coconut Grove for roughly $188 million, while Brin is reportedly in talks for a $50 million home on Biscayne Bay. Venture capitalist Peter Thiel opened a Miami office for his investment firm on New Year’s Eve, making his Florida move official.The common thread? California’s proposed Billionaire Tax Act\u2014a ballot measure backed by a healthcare workers’ union that calls for a one-time 5% tax on the net worth of anyone worth over $1 billion. If it qualifies for the November ballot and passes, it would retroactively apply to anyone who was a California resident as of January 1, 2026. For Zuckerberg, whose net worth sits at around $240 billion according to Bloomberg’s Billionaires Index, that’s a potential tax bill north of $10 billion.<\/p>\n

California gave billionaires a year’s notice to leave\u2014and many took the hint<\/b><\/h2>\n<\/p>\n

The irony isn’t lost on anyone. California’s Legislative Analyst’s Office had projected the tax would raise tens of billions. But that estimate assumed billionaires would stay put. They didn’t. In the 10 days before Christmas alone, entities connected to Sergey Brin terminated or moved 15 California LLCs out of the state, The New York Times reported. More than 45 LLCs associated with Larry Page filed similar paperwork. David Sacks, the tech investor and White House AI adviser, opened an office for his venture capital firm in Austin, Texas.Not everyone’s running, though. Nvidia CEO Jensen Huang publicly said he was “perfectly fine” with the tax. “We chose to live in Silicon Valley and whatever taxes they would like to apply, so be it,” he told Bloomberg Television.<\/p>\n

Indian Creek: the private island where a $150M mansion is the entry ticket<\/b><\/h2>\n<\/p>\n

As for Zuckerberg’s new neighbourhood, Indian Creek is about as exclusive as it gets. The gated island has its own police force, a single guarded bridge for access, and 24\/7 marine patrols. Residents include Jeff Bezos, Ivanka Trump and Jared Kushner, Carl Icahn, and Tom Brady. Another nearly completed home on the island is currently listed for $200 million.Zuckerberg already owns homes in Palo Alto, near Lake Tahoe, in Hawaii, and in Washington, D.C. A Meta spokesperson declined to comment on the Florida purchase. Whether the move signals a change in primary residence or is simply another addition to his real estate portfolio remains to be seen\u2014but given the tax math, the answer seems fairly obvious.<\/div>\n\n

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Mark Zuckerberg and Priscilla Chan are reportedly buying a $150-$200 million mansion on Miami’s exclusive…<\/p>\n","protected":false},"author":1,"featured_media":1526,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4572,4575,4573,4570,4571,4576,4579,4578,4574,4577],"class_list":["post-1525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-billionaires-bunker-miami","tag-california-tax-laws","tag-florida-billionaire-tax","tag-indian-creek-mansion","tag-mark-zuckerberg-relocation","tag-meta","tag-meta-ceo","tag-sergey-brin","tag-silicon-valley-billionaires","tag-zuckerberg"],"_links":{"self":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/posts\/1525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1525"}],"version-history":[{"count":0,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/posts\/1525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/media\/1526"}],"wp:attachment":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}