Voting With Their Feet: Ex-Starbucks CEO Howard Schultz Latest Billionaire To Flee to Florida As Washington ‘Millionaires Tax’ Poised To Become Law

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Former Starbucks CEO Howard Schultz is ditching his longtime residence in Seattle for Florida, just as Washington Democrats are nearing the finish line on a proposed "millionaires tax." Schultz, who served as board director of the coffee chain until 2023, said in a statement on social media that he and his wife are moving to Miami as part of the "retirement phase" of their lives. Schultz, who has lived in Seattle for more than four decades, purchased a $44 million penthouse in Surfside, Fla.,

Howard Schultz is the latest billionaire to ditch the West Coast for Miami https://www.businessinsider.com - 11.03.2026 18:02

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Howard Schultz is the latest billionaire to ditch the West Coast for Miami https://www.businessinsider.com - 11.03.2026 18:02