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Auger founder and CEO Dave Clark joins “Mornings with Maria” to discuss President Donald Trump’s push to rewire US supply chains and his deal with Meta’s Reality Labs to use Auger’s operating system.
Page, Brin, Ellison, Thiel, Sacks and now Zuckerberg.
Meta CEO Mark Zuckerberg is the latest California billionaire to head to Florida, snapping up a huge waterfront mansion in Miami’s exclusive “Millionaire’s Bunker” as Golden State lawmakers push a proposed 5 percent tax on the ultra-rich.
Zuckerberg and his wife, Priscilla Chan, are buying a newly built mansion in Indian Creek, one of the most expensive enclaves in the area. The deal has not been confirmed as closed, sources with knowledge of the transaction told The Wall Street Journal, but neighbors said Zuckerberg plans to move in in April, indicating a move rather than a vacation home.
“People like Zuckerberg plan three moves ahead. This multi-billion dollar tax talk is making a lot of Palo Alto homeowners do real math. If you’re looking at a possible 5% hit tied to net worth, Florida becomes a business decision. And Indian Creek is the clearest signal that you’re serious, because it’s built for privacy and control,” said Troy Dean Home, CEO of Fox News Digital Ippoaction in Troy.
PETER THIEL DONATES $3M TO CALIFORNIA’S MILLIONAIRE TAX PROPOSAL
“This is a strong signal that South Florida is a primary market now. When someone at Zuckerberg’s level buys here, it changes the psychology of the buyer overnight,” he continued. “If this tax really goes forward, you’re going to see the impact first at the top, because there’s very little trophy inventory.”
Priscilla Chan and Mark Zuckerberg in the WSJ. Magazine 2025 Innovator Awards held at the Museum of Modern Art on October 29, 2025 in New York, New York. (Getty Images)
The nearly 2-acre property is estimated to be worth $150 million to $200 million, based on comparable sales, and the reported seller is a limited liability company tied to Jersey Mike’s Subs founder Peter Cancro.
Cancro cashed in big in 2024 when it sold a majority stake in Jersey Mike’s to Blackstone for $8 billion, including debt. Her home sale to Zuckerberg was off-market, a common move for ultra-wealthy buyers seeking privacy.
Aerial views of the property show it sits on Biscayne Bay and features a private dock, wraparound decks, lush landscaping, an oceanfront pool, charming blue shutters and other elaborate amenities. The estate joins Zuckerberg’s already extensive real estate portfolio in places like Lake Tahoe and Palo Alto in California and Kauai, Hawaii.
“It’s gated, tightly controlled, and there’s only about 41 houses. You’re minutes from Miami, but it feels secluded. If you’re a global name and you want a really private backyard, this is as close as you can get,” Ippolito said.
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Meta did not immediately respond to Fox News Digital’s request for confirmation or comment.
Some of Zuckerberg’s new neighbors at Indian Creek include Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Zuckerberg’s move comes after other prominent California billionaires have taken up residency in South Florida in response to a proposed California estate tax.
Although the initiative Not yet receiving the 875,000 signatures needed to qualify for the November ballot, the proposal, backed by the Service Employees International Union–United Healthcare Workers West, would impose a flat 5 percent tax on the net worth of California residents with more than $1 billion in assets.
Corcoran Group agent Julian Johnston talks exclusively to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed estate tax.
The tax would be due in 2027, and taxpayers could spread the payments over five years, with additional costs, according to the California Legislative Analyst’s Office.
If voters approve the measure, anyone who was a California resident on Jan. 1, 2026, would have to pay the tax, according to the language of the proposal.
Many South Florida Realtors they told Fox News Digital that since the new year, a new wave of buyer interest has come from California, with an increase in calls and broker website traffic.
“There are quite a few other very large founders and also tech giants and also venture capital firms whose heads I’ve moved here as well,” luxury real estate broker Julian Johnston of The Corcoran Group previously said. “It was always a stopover, a night, an event, but Miami has changed a lot in the last 10 years. It’s culturally more interesting. … They said they were very happy to move here and see what happens in the next few years.”
FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed estate tax on “The Bottom Line.”
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“One client said, ‘You know, this could be like a $5 billion tax for me,'” he recalled. “So they’re moving for that.”
“Florida feels predictable. You have a clearer fiscal picture, fewer obstacles and a much easier day-to-day life,” said Ippolito. “A lot of buyers feel like California treats them like a target. Florida treats them like they’re here.”
