Florida’s wealthiest residents have some new neighbors. An influx of the ultra-rich has boosted Florida to third place for popularity among billionaires in the Forbes 400 list.
Nine new billionaires from the Forbes 400 are calling Florida home this year, raising the state’s roster of the ultra-wealthy to 40. That’s also seven more billionaires on the list than Texas’s 33, the lowest number the state has seen since 2000, according to Forbes.
And as one might expect, many of Florida’s richest made their billions from real estate. By The Real Deal’s count, 19 of those billionaires in the state list their primary source of wealth from properties, financial markets or money management. Although he’s not on the Forbes 400, Starwood Capital founder Barry Sternlicht recently said he and several other executives were also switching addresses to Florida during the CNBC Institutional Investor Delivering Alpha Conference.
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