Howard Schultz is the latest billionaire to ditch the West Coast for Miami

Howard Schultz, the former Starbucks CEO, has moved to Florida after 40 years in Washington, becoming the latest billionaire to ditch the West Coast for Miami, a trend that includes other Big Tech executives following the passage of a 'millionaire tax' in Washington.

11 Mar, 15:45 — 11 Mar, 21:48

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Why this matters

The relocation of high-profile business figures like Howard Schultz from states with higher taxes to those with lower taxes, like Florida, highlights ongoing debates about wealth distribution, state tax policies, and their impact on economic migration. This trend can influence state revenues, local economies, and political landscapes.

Key entitiesHoward Schultz Starbucks Miami Seattle Florida

The Story

What 3 sources agree on, dispute, and miss

What sources agree on

Howard Schultz, former Starbucks CEO, is moving from Seattle to Miami
Schultz is the latest billionaire to relocate to Florida

Key claims1 agreed · 2 unverified

✓

Howard Schultz is moving from Seattle to Miami

agreed·marketwatchTimes of IndiaBusiness Insider

Schultz's move follows 40 years in Washington

unverified·Times of India

A 'millionaire tax' in Washington is a reason for Schultz's move

unverified·Times of India

Coverage gaps

The 'millionaire tax' in Washington as a reason for Schultz's move

ReportedTimes of India

MissingmarketwatchBusiness Insider

A list of other billionaire business leaders who have moved to Florida

Reportedmarketwatch

MissingTimes of IndiaBusiness Insider

The Story

Analyzing sources…

Source Diversity

High (51/100)

3 sources25/33

Spectrum spread— 3/5 buckets covered17/33

Far L

Left1

Left (1)

Business Insider

Center1

Center (1)

marketwatch

Right1

Right (1)

Times of India

Far R

Geographic diversity— 2 regions9/34

US2India1

Political spectrum

LeftCenterRight

business-insider

marketwatch

times-india

Outlet rating This story

SourceOutletiGeneral editorial lean of the outletStoryiHow they covered this specific storyToneFactuality

Business Insidercenter-leftcenter-leftneutralMostly FactualReports factual move without deeper analysis

marketwatchcentercenteranalyticalMostly FactualFocuses on trend of business leaders moving

Coverage leans: balanced

The coverage is largely factual, reporting on a business leader's relocation, with one outlet suggesting a tax-related motivation.

Sources

Showing 3 of 3 sources

marketwatchMostly Factual26d ago

As Starbucks’ Howard Schultz heads to Miami, here’s a list of other billionaire business leaders moving to Florida

A few Big Tech execs have also headed to the Sunshine State in recent months

By Weston Blasi

Read full article →

Business InsiderMostly Factual26d ago