Why Tech Billionaires Are Fleeing Seattle for Florida’s Tax Havens

Miami, Friday, 19 June 2026.
Valve’s Gabe Newell just spent $70.8 million on a Florida waterfront estate—complete with a private ocean tunnel—joining a growing exodus of tech leaders leaving Seattle. With billionaires like Jeff Bezos and Howard Schultz already relocated, the trend signals a potential reshaping of the U.S. tech landscape by 2027, as states like Florida offer zero income tax and business-friendly policies. Is this the end of West Coast dominance?