Mark Zuckerberg Buys $150M Miami Mansion Amid Wealth Tax Concerns, Joining Jeff Bezos in The Billionaire Bunker
Meta Platforms founder and billionaire Mark Zuckerberg and his wife, Priscilla Chan, are reportedly in the process of buying a newly built, sprawling waterfront mansion on Miami’s Indian Creek, a gated artificial island also known as the ‘billionaire bunker’ and guarded by armed police.
The neighbourhood serves as a haven for some of the world’s most powerful leaders and celebrities. According to media reports, the property is being sold by a limited liability company linked to Jersey Mike’s Subs founder Peter Cancro for between $150 million and $200 million.
The 1.84-acre parcel is located a few doors down from Amazon founder Jeff Bezos’ massive compound. Zuckerberg’s new neighbours also include Tom Brady, Carl Icahn, Norman Braman and the Beckhams. ‘We’re happy to have him,’ Norman Braman’s wife, Irman, reportedly told the Wall Street Journal.
Zuckerberg Moves Amid California Wealth Tax Concerns
A proposed California wealth tax has prompted an exodus of billionaires from the Golden State. The one-time 5% levy on California residents with a net worth exceeding $1 billion, proposed by a healthcare workers’ union in late 2025, is expected to generate $100 billion. The revenue would be used to fund public schools and food assistance programmes.
The tax would be retroactively applied to billionaires living in California as of Jan. 1, 2026. They would be taxed on stock holdings as well as business interests, while real estate holdings would be exempt, as these already incur property taxes, according to the state’s nonpartisan Legislative Analyst’s Office. Billionaires would have the option to spread payments over five years.
According to Forbes, California currently houses 246 billionaires who could be required to pay between $50 million and $13 billion in taxes if the proposal passes. Zuckerberg could face $12 billion in taxes, based on his net worth of $239 billion.
Larry Page Buys $171M of Miami Properties
Google co-founder Larry Page, who has a net worth of $269 billion, also purchased Miami properties worth $171 million ahead of the potential tax, potentially shielding his assets. He acquired a 4.5-acre property in Miami’s Coconut Grove neighbourhood in December for $101.5 million, previously owned by the late restaurateur Jonathan Lewis.
Danny Hertzberg of the Jills Zeder Group, an agent involved in the transaction, said affluent Californians are rushing to acquire properties in Florida. The Tropical Frontier Revocable Trust, with which Page is associated, also purchased another property less than a mile away for $71.9 million in January.
Billionaires continue to resist the proposed tax bill. Palantir Technologies co-founder Peter Thiel recently donated $3 million to the California Business Roundtable’s political action committee, which is actively opposing the wealth tax. Meanwhile, Anduril co-founder Palmer Luckey warned that the tax would force the wealthy to ‘sell huge chunks of our companies’ to cover the bills. ‘Now, me and my co-founders have to somehow come up with billions of dollars in cash,’ he wrote on X.
Sun Microsystems co-founder Vinod Khosla highlighted that the wealth tax could drive billionaires out of California altogether, while Pershing Square’s Bill Ackman criticised the proposal, arguing that it ‘effectively represents an expropriation of private property and has many unintended and negative consequences.’
