A new wealth report reveals massive local migration to Florida, with 6 of the top billionaires residing directly in Miami.
The ultra-wealthy aren’t just moving to the Sunshine State, with the vast majority choosing South Florida. Driven by favorable tax laws, growing luxury real estate offerings, and a booming financial ecosystem, the concentration of extreme wealth in Miami and South Florida has reached historic heights.
According to a fresh data compilation by Stacker utilizing Forbes wealth tracking, tech tycoon Jeff Bezos, who recently relocated to Miami’s ultra-exclusive “Billionaire Bunker” on Indian Creek Island, leads the list as Florida’s wealthiest resident, boasting an astronomical net worth of $277.4 billion.
South Florida dominates the ranking, with billionaires concentrated in Miami, Palm Beach, Naples, Boca Raton and other exclusive waterfront communities.
Here’s the countdown of Florida’s 20 richest billionaires for 2025:
#20. Igor Olenicoff
• Net worth: $8 billion
• Source of wealth: Real estate
• Industry: Real estate
• Residence: Lighthouse Point
Olenicoff built one of the nation’s largest commercial real estate portfolios.
#19. Paul Tudor Jones II
• Net worth: $8.1 billion
• Source of wealth: Hedge funds
• Industry: Finance & investments
• Residence: Palm Beach
Jones founded Tudor Investment Corp. and became famous for predicting the 1987 stock market crash.
#18. Stephen Bisciotti
• Net worth: $8.4 billion
• Source of wealth: Staffing services, Baltimore Ravens
• Industry: Sports
• Residence: Hobe Sound
Bisciotti is majority owner of the Baltimore Ravens.
#17. Jeff Greene
• Net worth: $9 billion
• Source of wealth: Real estate, investments
• Industry: Real estate
• Residence: Palm Beach
Greene gained national attention after profiting from the U.S. housing market collapse.
#16. Elisabeth DeLuca and family
• Net worth: $9 billion
• Source of wealth: Subway
• Industry: Food & beverage
• Residence: Pompano Beach
The DeLuca family fortune comes from Subway, one of the world’s largest fast-food chains.
#15. Todd Boehly
• Net worth: $9.3 billion
• Source of wealth: Finance
• Industry: Finance & investments
• Residence: Miami
Boehly is part owner of the Los Angeles Dodgers and Chelsea FC.
#14. Terrence Pegula
• Net worth: $9.3 billion
• Source of wealth: Natural gas
• Industry: Energy
• Residence: Boca Raton
Pegula owns the Buffalo Bills and Buffalo Sabres.
#13. Micky Arison
• Net worth: $9.6 billion
• Source of wealth: Carnival Cruises
• Industry: Services
• Residence: Bal Harbour
Arison helped build Carnival Corp. into the world’s largest cruise company. He also owns the Miami Heat NBA franchise.
#12. Josh Harris
• Net worth: $10.9 billion
• Source of wealth: Private equity
• Industry: Finance & investments
• Residence: Miami
Harris co-founded Apollo Global Management and owns stakes in several professional sports franchises.
#11. Robert Duggan
• Net worth: $12.8 billion
• Source of wealth: Pharmaceuticals
• Industry: Healthcare
• Residence: Miami
Duggan built his fortune through pharmaceutical and biotechnology ventures.
#10. Orlando Bravo
• Net worth: $12.8 billion
• Source of wealth: Private equity
• Industry: Finance & investments
• Residence: Miami Beach
Bravo is founder of private equity giant Thoma Bravo.
#9. Jude Reyes
• Net worth: $13.1 billion
• Source of wealth: Food distribution
• Industry: Food & beverage
• Residence: Palm Beach
#8. J. Christopher Reyes
• Net worth: $13.1 billion
• Source of wealth: Food distribution
• Industry: Food & beverage
• Residence: Hobe Sound
The Reyes brothers built one of the nation’s largest food and beverage distribution companies.
#7. Shahid Khan
• Net worth: $15 billion
• Source of wealth: Auto parts, sports teams
• Industry: Automotive
• Residence: Naples
Khan owns the Jacksonville Jaguars and English soccer club Fulham FC.
#6. Stephen Ross
• Net worth: $17 billion
• Source of wealth: Real estate
• Industry: Real estate
• Residence: Palm Beach
Ross is chairman of Related Companies and owner of the Miami Dolphins, Hard Rock Stadium and the FI Miami Grand Prix.
#5. David Tepper
• Net worth: $23.7 billion
• Source of wealth: Hedge funds
• Industry: Finance & investments
• Residence: Palm Beach
Tepper founded Appaloosa Management and owns the NFL’s Carolina Panthers.
#4. Ken Griffin
• Net worth: $49.8 billion
• Source of wealth: Hedge funds
• Industry: Finance & investments
• Residence: Miami
Griffin founded Citadel and helped fuel Miami’s emergence as a major financial hub by relocating the company’s headquarters to Miami.
#3. Thomas Peterffy
• Net worth: $86.5 billion
• Source of wealth: Discount brokerage
• Industry: Finance & investments
• Residence: Palm Beach
Peterffy founded Interactive Brokers and pioneered electronic trading technology.
#2. Larry Ellison
• Net worth: $198 billion
• Source of wealth: Oracle
• Industry: Technology
• Residence: Manalapan
Ellison co-founded Oracle and remains one of the world’s most influential technology billionaires.
#1. Jeff Bezos
• Net worth: $250.1 billion
• Source of wealth: Amazon
• Industry: Technology
• Residence: Miami
Bezos founded Amazon in 1994 and transformed it into one of the world’s largest companies. His recent move to Indian Creek Island further cemented South Florida’s reputation as a destination for billionaires and tech executives.
Florida’s billionaire boom reflects the state’s growing influence in technology, finance, sports ownership and luxury real estate. South Florida in particular has emerged as one of the world’s leading hubs for wealth migration in recent years.
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