Billionaire Meta CEO Mark Zuckerberg is purchasing a new waterfront mansion in Miami’s Indian Creek, estimated between $150 million and $200 million. Speculation surrounds the move, with fellow billionaires like Bill Ackman citing California’s proposed billionaire tax as a driving force behind the relocation to Florida.

Zuckerberg’s move is part of a larger trend, with Google co-founders Sergey Brin and Larry Page also shifting business operations out of California. PayPal co-founder Peter Thiel recently opened a new office in Miami. The wealthy are looking to avoid high taxes and take advantage of Florida’s tax benefits.

Debates about fair taxation for the ultra-rich continue, as billionaires accumulate wealth through assets that are taxed at lower rates than regular income. Real estate investments remain popular due to generous tax treatment, including deductions for expenses and depreciation. Platforms like Arrived offer opportunities to invest in real estate with as little as $100.

Lightstone DIRECT provides accredited investors access to institutional-quality real estate with a minimum investment of $100,000. With strong historical performance and alignment of interests, Lightstone invests at least 20% of its own capital in every deal. Investors can benefit from the firm’s expertise and track record in the real estate market.

Investors can consider diversifying their portfolios through self-directed retirement accounts, which allow for a broader range of alternative asset investments compared to traditional IRAs. IRA Financial offers a platform and mobile app for managing investments, with over $5 billion in retirement assets under custody. Clients can grow their retirement fund with alternative assets like real estate and cryptocurrency.

Read more at Yahoo Finance: Bill Ackman reacts to Mark Zuckerberg’s $150M mansion purchase in Florida. Make this smart move now like the super rich