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The Business Journals Select a City * National * Albany * Albuquerque * Atlanta * Austin * Baltimore * Birmingham * Boston * Buffalo * Charlotte * Chicago * Cincinnati * Cleveland * Columbus * Dallas * Dayton * Denver * Greensboro/Winston-Salem * Honolulu * Houston * Jacksonville * Kansas City * Los Angeles * Louisville * Memphis * Miami/Fort Lauderdale * Milwaukee * Minneapolis/St. Paul * Nashville * New York * Orlando * Philadelphia * Phoenix * Pittsburgh * Portland * Providence * Raleigh/Durham * Sacramento * San Antonio * San Francisco * Seattle * Silicon Valley * St. Louis * Tampa Bay * Washington, D.C. * Wichita Sign In * Sign In Existing Members * Become a Member It’s FREE! South FloridaBusiness Journal ACCESS ALL ARTICLES SUBSCRIBE NOW * Latest News * Lists & Leads * Commercial Real Estate * Banking * Technology * Residential Real Estate * Food & Lifestyle * Miami Inno * Events * 40 Under 40 * Best Places to Work * Influential Business Women * Nominations For the exclusive use of From the South Florida Business Journal: https://www.bizjournals.com/southflorida/news/2023/11/03/jeff-bezos-moves-seattle-miami.html SUBSCRIBER CONTENT: * Residential Real Estate JEFF BEZOS MOVE TO MIAMI FROM SEATTLE HAS BIG BUSINESS, ECONOMIC IMPLICATIONS FOR SOUTH FLORIDA * Email * Share * Share * Tweet * Unlock URL * | * Print * Order Reprints expand Jeff Bezos, founder and former CEO of Amazon.com. Anthony Bolante | PSBJ By Eman Elshahawy – Digital Producer/Reporter, South Florida Business Journal Nov 3, 2023 Preview this article 1 min The billionaire founder of Amazon.com, Inc. confirmed he will no longer be based out of the Emerald City just a week after he purchased additional real estate in Indian Creek Village. THIS ARTICLE IS FOR SUBSCRIBERS ONLY Continue Reading With Your Subscription Access 4 weeks of business news and insights Subscribe for only $4 Subscribe Already have a paid subscription? Sign in Billionaire entrepreneur and Amazon.com founder Jeff Bezos revealed he will make the cross-country move from Seattle to Miami, making the business mogul the wealthiest new resident of the Sunshine State. Bezos, the third-richest man in the world according to Forbes, confirmed in an Instagram post on Nov. 2 that he plans on leaving the Emerald City for the Magic City to be closer to his family and Cape Canaveral space exploration venture Blue Origin LLC. > Trending: Billionaire Stephen Ross launches sales of West Palm Beach condo, > prices run up to $72M (Photos) CREATE YOUR FREE ACCOUNT BECOME A MEMBER Join the South Florida Business Journal to unlock even more insights! Email Address * Password *Show Zip Code * Join Now Sign-in | Premium Memberships By submitting your information you are agreeing to our Privacy Policy and User Agreement . "My parents have always been my biggest supporters. They recently moved back to Miami, the place we lived when I was younger (Miami Palmetto High class of ’82 — GO Panthers!) I want to be close to my parents, and Lauren and I love Miami. Also, Blue Origin’s operations are increasingly shifting to Cape Canaveral. For all that, I’m planning to return to Miami, leaving the Pacific Northwest," Bezos' caption read. The Amazon founder with a whopping $114 billion net worth according to Forbes made the announcement just a week after his trust purchased an Indian Creek mansion for $79 million. The home is next to the mansion at 11 Indian Creek Island Road that he bought for $68 million in July. The Bezos family purchased several neighboring mansions in Coral Gables in 2022. During his 29 years in Seattle, Bezos helped transform the region's tech industry and revitalized the downtown area with Amazon being the city’s largest private employer. In his Instagram post, the serial entrepreneur shared a video from 1994 of himself in his Seattle garage, where he founded Amazon. He stepped down as CEO of the company in 2021. > Read more: Billionaire Peter Thiel's Founders Fund behind $22 million funding > for Miami startup South Florida has seen an influx of high-net worth and ultra high-net worth individuals migrating to the area; a trend which ignited during the pandemic and has been sustained by the appeal of Florida's pro-business incentives and no state income tax. Last year, billionaire hedge fund founder Ken Griffin of Citadel moved his company headquarters to Miami and acquired multiple properties in Miami-Dade and Palm Beach counties. The increased concentration of wealth could have impacts on home values, as housing demand grows in correlation with the wealthy population, and so does the marginal propensity of consumption in the region. That additional spending benefits local businesses and the economy, but is also what contributes to higher prices for things like food, gas and rent. > Read more: What happened to Elon Musk's Boring Company tunnels pitched for > South Florida? And while average wages and the year-over-year rate of growth have increased in Florida, the state and local average still sit below the national level and annual wage growth still lags behind the 7.8% year-over-year inflation rate growth in the Miami-Fort Lauderdale-West Palm Beach metro area. -------------------------------------------------------------------------------- Sign up here for the Business Journal’s free morning and afternoon daily newsletters to receive the latest business news impacting South Florida. For more business intelligence, follow us on LinkedIn, Facebook, X (formerly known as Twitter) and Instagram. Corporate Philanthropy in South Florida Cash contributions, S. Fla. RankPrior RankCompany / Prior (*Not ranked in year prior) / URL 1 1 JM Family Enterprises 2 2 Related Group 3 3 JPMorgan Chase View this list RELATED CONTENT * 35 SOUTH FLORIDA BILLIONAIRES MAKE FORBES 400 RICHEST PEOPLE IN U.S. Related: 35 South Florida billionaires make Forbes 400 richest people in U.S. * FIRM LED BY BILLIONAIRE KEN GRIFFIN BUYS ISLAND OFFICE FOR $83M Related: Firm led by billionaire Ken Griffin buys island office for $83M * HOW THIS E-COMMERCE SELLER COMPETES IN AN AMAZON WORLD Related: How this e-commerce seller competes in an Amazon world * DEVELOPER LED BY BILLIONAIRE PLANS HIGH-RISE BROWARD HOTEL (PHOTOS) Related: Developer led by billionaire plans high-rise Broward hotel (Photos) * WATERFRONT MANSION SOLD TO 'REAL HOUSEWIVES' STAR FOR $22M (PHOTOS) Related: Waterfront mansion sold to 'Real Housewives' star for $22M (Photos) RECOMMENDED Health Care Cano Health files bankruptcy to restructure its debt Commercial Real Estate Newly amended Live Local Act bill heads to state Senate for a vote Residential Real Estate Exclusive: A look at what’s led to South Miami-Dade’s housing boom MORE FOR YOU More More For You SEAFOOD CHAIN SHUTS DOWN ALL SOUTH FLORIDA LOCATIONS - SOUTH FLORIDA BUSINESS JOURNAL Seafood chain shuts down all South Florida locations - South Florida Business Journal MACY’S SELLS FORT LAUDERDALE STORE TO LOCAL NONPROFIT FOUNDATION FOR $10 MILLION - SOUTH FLORIDA BUSINESS JOURNAL Macy’s sells Fort Lauderdale store to local nonprofit foundation for $10 million - South Florida Business Journal CANO HEALTH FILES BANKRUPTCY TO RESTRUCTURE ITS DEBT - SOUTH FLORIDA BUSINESS JOURNAL Cano Health files bankruptcy to restructure its debt - South Florida Business Journal NEWLY AMENDED LIVE LOCAL ACT BILL HEADS TO STATE SENATE FOR A VOTE - SOUTH FLORIDA BUSINESS JOURNAL Newly amended Live Local Act bill heads to state Senate for a vote - South Florida Business Journal EXCLUSIVE: A LOOK AT WHAT’S LED TO SOUTH MIAMI-DADE’S HOUSING BOOM - SOUTH FLORIDA BUSINESS JOURNAL Exclusive: A look at what’s led to South Miami-Dade’s housing boom - South Florida Business Journal HOSPITALITY TRACKER: HISTORIC SUNNY ISLES BEACH RESORT TO UNDERGO $42M RENOVATION AND REBRAND; SPIRIT, JETBLUE TO APPEAL COURT RULING ON MERGER - SOUTH FLORIDA BUSINESS JOURNAL Hospitality Tracker: Historic Sunny Isles Beach resort to undergo $42M renovation and rebrand; Spirit, JetBlue to appeal court ruling on merger - South Florida Business Journal LATEST LISTINGS More Latest Listings Cool Spaces 9 Sponsored UPGRADE & UPLIFT YOUR OFFICE SPACE WITH UPLIFT DESK. 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