{"id":2580185,"date":"2026-03-16T08:14:02","date_gmt":"2026-03-16T12:14:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/billionaire-business-leader-leaves-seattle-for-florida-amid-outrageous-wealth-tax-push\/"},"modified":"2026-03-16T08:15:54","modified_gmt":"2026-03-16T12:15:54","slug":"billionaire-business-leader-leaves-seattle-for-florida-amid-outrageous-wealth-tax-push","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/billionaire-business-leader-leaves-seattle-for-florida-amid-outrageous-wealth-tax-push\/","title":{"rendered":"Billionaire Business Leader Leaves Seattle for Florida Amid Outrageous Wealth Tax Push"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbillionaire-business-leader-leaves-seattle-for-florida-amid-outrageous-wealth-tax-push%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2580185&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Howard Schultz, the longtime Starbucks CEO, has moved his family from Seattle to Miami for retirement. In a LinkedIn post, he said they were starting a new chapter in the Sunshine State adn staying connected to their East Coast family, while expressing affection for Seattle and gratitude for the memories there. the move coincides with a renewed push in Washington state for a millionaire tax that could affect earnings above $1 million, though Schultz did not mention the policy in his announcement; CBS News noted the tax-and-spend mindset behind such proposals.Forbes estimates schultz\u2019s net worth at about $3.5 billion and notes that he and his wife recently purchased a $44 million penthouse near Miami. The report also highlights broader tax trends on the West Coast, including California\u2019s proposed one<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/florida-poaches-yet-another-juggernaut-california-business-as-economic-red-shift-continues\/\" title=\"Florida Poaches Yet Another Juggernaut California Business as Economic Red Shift Continues\">-time wealth tax<\/a>, which has prompted some high earners to relocate.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>Howard Schultz, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/there-will-be-a-crisis-4-business-leaders-sounding-the-alarm-over-inflation\/\" title=\"\u2018There Will Be A Crisis\u2019: 4 Business Leaders Sounding The Alarm Over Inflation\">longtime chief executive<\/a> of Starbucks, said that he moved his family to Miami &mdash; an announcement that comes amid a new wealth tax push in Washington state.<\/p>\n<p>Schultz said that he and his wife had lived in Seattle for the past 44 years, but that they recently relocated to the Sunshine State for a fresh start in retirement.<\/p>\n<p>&ldquo;We have moved to Miami for our next adventure together,&rdquo; Schultz wrote on <a href=\"https:\/\/www.linkedin.com\/posts\/howardschultz_forty-four-years-ago-sheri-and-i-made-the-activity-7437280836049133569-5gBy\/\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a>. &ldquo;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.&rdquo;<\/p>\n<p>The business magnate discussed his love of Seattle and the development of the city over the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/activist-investors-are-seizing-companies-to-push-social-justice-measures\/\" title=\"\u2018Activist Investors\u2019 Are Seizing Companies To Push Social Justice Measures\">past half-century<\/a>.<\/p>\n<p>&ldquo;We will be forever grateful for the memories made in Seattle and the relationships built along the way,&rdquo; he continued. &ldquo;To the family, friends and partners who made Seattle our home for so many years, thank you.&rdquo;<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"anyclipvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadAnyclip() { \t\t\t\t\t\tconst container=document.getElementById(\"anyclipvideo\"); \t\t\t\t\t\tif (!container) return;  \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=\"https:\/\/player.anyclip.com\/anyclip-widget\/lre-widget\/prod\/v1\/src\/lre.js\"; \t\t\t\t\t\tscript.setAttribute(\"pubname\", \"westernjournalcom\"); \t\t\t\t\t\tscript.setAttribute(\"widgetname\", \"001w000001jULVcAAO_M12924\");  \t\t\t\t\t\t\/\/ append inside the container so player shows in correct spot \t\t\t\t\t\tcontainer.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadAnyclip(); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #anyclipvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#anyclipvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>But while Schultz loved the city and state he previously called home, the feeling may not have been mutual.<\/p>\n<p>As noted by <a href=\"https:\/\/www.cbsnews.com\/news\/howard-schultz-starbucks-ceo-leaving-seattle-washington-millionaire-tax\/\" target=\"_blank\" rel=\"noopener\">CBS News<\/a>, Washington state lawmakers are considering a millionaire tax that could nab 10 percent of personal earnings from anyone bringing in over $1 million.<\/p>\n<p>Schultz did not mention the policy in his announcement.<\/p>\n<p>But as CBS News observed, he may have alluded to the tax-and-spend mindset by expressing hope that Washington &ldquo;will remain a place for business and entrepreneurship to thrive, creating essential opportunity for those in Seattle and the surrounding areas.&rdquo;<\/p>\n<p>Schultz has a net worth of $3.5 billion, according to <a href=\"https:\/\/www.forbes.com\/sites\/maryroeloffs\/2026\/03\/11\/starbucks-billionaire-howard-schultz-paid-44-million-for-florida-penthouse\/\" target=\"_blank\" rel=\"noopener\">Forbes<\/a>.<\/p>\n<p>He led Starbucks from 1986 to 2000, from 2008 to 2017, and again as interim chief executive from 2022 to 2023.<\/p>\n<p>He also co-owned the Seattle Supersonics between 2001 and 2006.<\/p>\n<p>Forbes reported that Schultz and his wife, Sheri, bought a $44 million penthouse 15 miles north of Miami.<\/p>\n<p>It&rsquo;s a 5,<a href=\"https:\/\/amzn.to\/3YuVZYV\" >500-square-foot property complete<\/a> with five bedrooms, a rooftop terrace, and an oceanfront cabana.<\/p>\n<p>CBS News noted that Washington is not the only West Coast state to consider a massive tax on their wealthiest citizens.<\/p>\n<p>California lawmakers proposed an initiative that would impose a one-time 5 percent tax on the net worth of the 255 billionaires in the state.<\/p>\n<p>Some have since left California as the trajectory toward higher taxes on the wealthy continues.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ]; 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( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s a paraphrase of the material you provided:<\/p>\n<p>Howard Schultz, the longtime Starbucks CEO, said he and his family have moved from Seattle to Miami for retirement and a fresh start. After living in Seattle for 44 years, they relocated to Florida to enjoy the Sunshine State and its appeal for their children and grandchildren. In a LinkedIn post, Schultz thanked Seattle for the memories and relationships built there, and said the move is about their next adventure together.<\/p>\n<p>The announcement comes as Washington lawmakers discuss a new wealth tax that could take about 10 percent of personal earnings above $1 million. Schultz did not mention the policy in his message, but some observers suggested his remarks hinted at a desire for Washington to remain a place where business and entrepreneurship can thrive and create opportunities in Seattle and nearby areas.<\/p>\n<p>Schultz\u2019s net worth is estimated at about $3.5 billion. He led Starbucks from 1986 to 2000, again from 2008 to 2017, and served as interim CEO from 2022 to 2023. He also co-owned the Seattle Supersonics from 2001 to 2006.<\/p>\n<p>Forbes noted that Schultz and his wife, Sheri, purchased a $44 million penthouse about 15 miles north of Miami. The 5,500-square-foot residence includes five bedrooms, a rooftop terrace, and an oceanfront cabana.<\/p>\n<p>The coverage also mentioned that California lawmakers proposed a one-time 5 percent tax on the net worth of the state\u2019s 255 billionaires, a proposal that has prompted some wealthy residents to move elsewhere as higher taxes on the wealthy continue to be debated<\/p>\n","protected":false},"author":1,"featured_media":2580186,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/03\/Michael-Featured-Image-802.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[5684,5113,7035,73050],"class_list":["post-2580185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-billionaire","tag-florida","tag-seattle","tag-wealth-tax-2"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/03\/Michael-Featured-Image-802.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2580185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2580185"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2580185\/revisions"}],"predecessor-version":[{"id":2580192,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2580185\/revisions\/2580192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2580186"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2580185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2580185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2580185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}