Billionaire Howard Schultz ditches the West Coast for Miami:
The former Starbucks CEO announced the move on the same day Washington's House passed a ...
businessinsider.com/billionaire-howard-schultz-leaves-seattle-moves-to-miami-florida-2026-3
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Howard Schultz Relocates from Seattle to MiamiAfter 44 years in Seattle, the former Starbucks CEO moves amid a new 9.9% millionaire tax proposal in Washington.
Key FactsMar 11, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: businessinsider.com
Summary created with AI assistance · Source: businessinsider.com
- Howard Schultz, former Starbucks CEO, is moving from Seattle to Miami after living there for 44 years.
- The relocation coincided with Washington state's House passing a 9.9% tax on households earning over $1 million.
- While his family foundation stays in Seattle, Schultz’s family office will be based in Miami.
- The influx of wealthy individuals like Schultz is driving up Miami’s luxury real estate market.
We are enjoying the sunshine of South Florida and its allure to our kids on the East Coast as they raise families of their own,— Howard Schultz, former Starbucks CEO, in a LinkedIn post announcing his move from Seattle to Miami.
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levy on the total value of personal assets, including owner-occupied housing; cash, bank deposits, money funds, and savings in insurance and pension plans
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