Florida is rapidly closing the gap with New York as a hub for billionaires, while California remains the dominant state for ultra-wealthy individuals, according to new data. The shift reflects changing economic and tax landscapes, with wealthy individuals increasingly relocating to states offering lower taxes and business-friendly policies. California continues to lead with the highest concentration of billionaires, but Florida’s appeal is growing as a top destination for high-net-worth residents. The findings highlight a broader trend of wealth migration and its impact on regional economies.
America’s billionaire boom: Florida gains on New York as California dominates top 10 New York Post
