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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Starbucks Billionaire Howard Schultz Leaves Seattle for Florida the Same Day Democrats Pass Income Tax Bill

Howard Schultz, the billionaire architect of the Starbucks empire, has officially ditched his 40-year Seattle residence for the tax-free sanctuary of Miami, joining a seismic migration of America's ultra-wealthy fleeing new state-level levies.

The 72-year-old business icon confirmed his relocation on 10 March 2026, the same day Washington state lawmakers advanced a landmark 9.9% 'Millionaire Tax' bill. By moving to Florida, Schultz joins a growing 'Billionaire Bunker' in the Sunshine State, following tech titans Jeff Bezos, Mark Zuckerberg, and Google co-founders Larry Page and Sergey Brin. These moves come as California and Washington push aggressive tax reforms that critics warn are driving the nation's primary wealth-creators into a high-speed exit.

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