Idiot
There is no single comprehensive official tally of billionaire relocations (as residency changes can be nuanced, involve multiple homes, or partial moves), but public reports, Forbes/Hurun tracking, and news coverage document a notable trend of high-profile billionaires shifting from California, New York, and Washington to lower-tax red states—primarily Florida and Texas, with some to Tennessee and others.
This aligns with broader millionaire migration (e.g., ~103,000 millionaires left California and ~61,000 left New York since 2018, with Florida and Texas as top destinations). Billionaires are fewer in number but represent outsized wealth and tax impact.
Prominent Examples (Recent Years, ~2020–2026)
From California (major source, driven by high taxes, proposed wealth taxes, regulations, and costs):
• Elon Musk (Tesla/SpaceX): California to Texas (~2020).
• Larry Page & Sergey Brin (Google/Alphabet): California to Florida (properties purchased, moves ahead of tax proposals).
• Mark Zuckerberg (Meta): California ties to Florida (major property purchases in Miami area).
• Jeff Bezos (Amazon): Partial/related moves involving Florida (though originally Washington ties noted).
• Peter Thiel (PayPal/Palantir): California to Florida (offices and residency).
• Travis Kalanick (Uber): California to Texas (Austin, 2026).
• Larry Ellison (Oracle): California ties to Florida.
• Others: David Sacks, Joe Lonsdale, and reports of additional tech/finance figures. Estimates suggest at least 5–10+ high-profile departures tied to recent tax pressures.
From New York:
• Multiple departures to Florida: Carl Icahn, Daniel Och, Josh Harris, Ken Griffin (Citadel, from Chicago but NY ties), and others. New York lost ~10 billionaires in a 4-year span (pre-2023 data), with several to Florida.
From Washington:
• Jeff Bezos: Washington (Seattle) to Florida/Miami (2023–2024).
• Howard Schultz (Starbucks): Washington to Florida (recent, amid tax changes).
To Red States Overall:
• Florida: Primary magnet (Miami/“Billionaire Bunker” area). Gained dozens in broader ultra-wealthy counts; from ~6 billionaires in 2001 to ~117–119 by 2025. Many from CA/NY/WA.
• Texas: Strong for tech (Austin/Dallas); Musk, Kalanick, and business expansions.
• Tennessee (e.g., Nashville): Fewer billionaire headlines but part of Sun Belt gains.
What a fucking idiot you are.
Texas, Florida, and Tennessee (all red-leaning, business-friendly states with no or low income taxes) have been major destinations for corporate headquarters (HQ) relocations and expansions, especially from high-tax, high-regulation “blue” states like California, New York, Illinois, New Jersey, and Massachusetts.
Exact comprehensive counts are not tracked in one official database (as moves include full HQs, partial relocations, expansions, and smaller firms), but reports from CBRE, fDi Markets, state economic development offices, and others provide strong directional data focused on announced HQ moves.
Key Aggregated Statistics (Primarily HQ Relocations, ~2018–2025)
• Overall Trend: CBRE tracked 725 corporate HQ relocations across the U.S. from 2018–2025. A large share flowed to Sun Belt/red states from blue-state metros (e.g., San Francisco Bay Area net loss of ~163 HQs, Los Angeles area significant losses). Many originated from California (often ~25%+ of tracked moves).
• Texas: Dominant leader.
• ~200–300+ major/HQ relocations since ~2020 (Texas Governor’s Office data lists hundreds cumulatively through 2024, with ~230 in some CBRE-aligned counts for 2018–2025). Dallas-Fort Worth: 111, Austin: 88, Houston: 31.
• Many from California (often over half in peak periods, e.g., 100+ documented in various trackers). Other blue states (NY, IL, etc.) also significant sources.
• Broader firm/establishment net gains: Thousands over longer periods (e.g., net +7,232 firms 2010–2019, adding ~103k jobs).
• Florida: Strong second place.
• ~13% of U.S. relocations since 2019 per fDi Markets (of ~680 tracked). Miami and other areas attracted moves from CA, NY, MA, etc. (e.g., 6+ to Miami in one recent year).
• Net gains in Fortune 500 HQs and high-profile moves (e.g., Citadel, Goldman Sachs offices, tech/finance firms). Significant from blue coastal states.
• Tennessee (esp. Nashville): Notable gainer.
• Ranked among top cities (e.g., 35 HQs in one CBRE period; tied for high in annual rankings with 6 in 2025). Third-highest in some fDi relocation counts since 2019.
• Examples: AllianceBernstein (NY), Oracle expansion, Mitsubishi (CA), CKE Restaurants (CA), and others from blue states.
Combined Impact: These three states captured a substantial majority of notable domestic HQ shifts from blue states in recent years, often cited as 50–80%+ of tracked Sun Belt inflows. High-earner and corporate migration aligns with lower taxes, regulatio
LOL.
You don’t know shit.
Enjoy.
Texas has attracted hundreds of corporate headquarters (HQ) relocations and business expansions, with a significant portion coming from “blue” (Democrat-leaning) states like California, New York, Illinois, New Jersey, Massachusetts, and others.
Exact totals vary by source, definition (full HQ moves vs. expansions, offices, or partial relocations), and time period, as not all moves are publicly announced or tracked uniformly. Data focuses primarily on announced corporate HQ relocations rather than every small business.
Key Statistics (Primarily HQ Relocations)
• CBRE Report (2018–2025): 725 total U.S. HQ relocations tracked. Texas metros were major winners:
• Dallas-Fort Worth: 111 HQ relocations (top in the U.S.).
• Austin: 88.
• Houston: 31.
• Combined Texas hubs captured a large share of the 725, many from high-cost blue-state metros like San Francisco Bay Area (net loss of 163 HQs), Los Angeles, New York, and Chicago.
• Texas Governor’s Office / Economic Development Data (2015–2024): Hundreds of HQ relocations listed, with ~314 companies moving HQs to Texas by some counts through 2024. Many originated from California (e.g., ~156 in one analysis, over half in certain periods). Examples include Chevron (CA), Tesla/SpaceX (CA), Oracle (CA, later partial moves), HP Enterprise, and others from NY, IL, NJ, etc.
• Since ~2020: Around 200+ major companies have moved or expanded significantly to Texas, with peaks in 2021 (record year, dozens from CA alone). In 2024, 24 more announced moves.
• Broader Business Moves (Establishments/Firms): From 2010–2019, Texas saw a net gain of thousands of firms/establishments (over 25,000 in-migrations), many from California, adding ~100k+ jobs. Post-pandemic trends accelerated this.
California is the largest single source — often accounting for half or more of notable moves to Texas in recent years — followed by other blue states. Reasons frequently cited: lower taxes (no state income tax in TX), business-friendly regulations, lower costs, talent access, and quality of life.
@AlexMullikin@dhe3g LOL.
You clearly don’t get.
California, Washington, New York are bleeding millionaires and Billionaires. A couple hundred thousand tax payers in each state pay the bills.
But just keep your head firmly planted. I’m enjoying the meltdown Snowflake.
@AlexMullikin@dhe3g LOL.
It doesn’t take “millions” leaving.
The bills are paid by a handful of individuals at the top.
And they are exiting your Blue Utopias as fast as they can.
@WhyHateWhite We had chimp outs in the ER waiting room all the time. Tell them bad news and they fall to the floor screaming, start throwing chairs assault the staff.