The Faena Penthouse
is for a 1000 feet tall skyscraper that will cost about $1 billion to build. When finished, it will include a helipad, marina and restaurants, with Griffin hoping to attract top tenants to the office space.
Another business titan, Barry Sternlicht of Starwood Capital moved his headquarters years ahead of Griffin. Sternlicht built a brand-new office tower across from his flagship 1 Hotel in South Beach. It is near the W South Beach hotel that Sternlicht also launched. Kayak founder, Steve Hafner bought a 7-bedroom condo for $40 mil here.
But the newest talk of the town, is the $68 million mansion that Amazon founder and third richest man in the world with a net worth of $163 billion, Jeff Bezos bought this summer on Indian Creek Island. This island is affectionately called Florida’s ‘Billionaire Bunker.’ Jeff and his ‘bride to be’ will be neighbors with the likes of Tom Brady, Ivanka Trump and Jared Kushner, Carl Icahn and Julio Iglesias. For Bezos, this new buy is an addition to his already impressive real estate portfolio valued over $350 million.
Jeff Bezos real estate war chest includes a $165 million mansion in Beverly Hills, a $78 million estate in Hawaii, the largest home in Washington D.C. and his 5.3-acre property in Medina, Washington, a 30,000-acre ranch in Texas and a Fifth Avenue apartment in NYC worth nearly $100 million.
The 59-year-old Bezos new home in Miami marks a homecoming
for him since he graduated from Miami Palmetto Senior High School.
Of America’s 775 billionaires, Florida is home to 92 of them, making it a billionaire hotspot. Maybe the fact that Florida is an income tax-free state may have something to do with it. And
then of course, the year-round warm sunny weather and lifestyle put icing on the cake. At the end of the day, many uber-wealthy from all walks of life seem to be attracted to the Magic City of Miami. So far, Miami has 12 billionaires and counting.