Orlando Sentinel’s Central Florida 100: MIGRATION CONTINUES

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Billionaire Carl Icahn

Apparently Mr. Trump is not alone. Billionaire Carl Icahn, at 83 years old, declared he was moving his company to Miami next year, saying “one day I was at my home in Florida and thought, ‘why the hell am I staying in New York?’” Icahn’s departure is symptomatic: New York, Connecticut and New Jersey have lost billions in state revenue to the migration of billionaires to Florida. The combination of a healthy economic environment, lower wages, no income tax, reasonable government regulation, and warmer – if a wee bit humid – weather, cinched the decision for Barry Sternlicht, Paul Tudor Jones, David Tepper, Leon Cooperman, and alas, Mr. Trump.

Originally posted for the Orlando Sentinel’s Central Florida 100.

Image source: www.wsj.com


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