How many billionaires live in Miami Florida?
Miami has become one of the world’s leading havens for the ultra-rich almost overnight. Its sunny weather, tax breaks, luxury homes and cultural buzz have drawn billionaires from around the world. But just how many billionaires will call Miami, Florida, home in 2025? This story takes a look at the billionaire population of Miami today, profiles some of it most standout members and how they influence life and the economy in the city.
Miami’s Billionaire Count in 2025
Early 2025 reports indicate that Miami and adjacent to Miami-Dade County have around 15 billionaires. That number would put Miami in the same company as global cities like Dubai and Frankfurt when it comes to residents who are billionaires. The billionaire population of the city has surged in recent years, driven by relocations from high-tax states and international migration.
Miami’s attraction to billionaires is reflected in terms of rank on lists of global wealth. Miami is listed by Forbes and Henley & Partners as one of the most sought-after cities worldwide by ultra-high-net-worth individuals, and an increasing number of billionaires have made the decision to make Miami their principal place of residence24.
Billionaires Soon to Call Miami Home
Miami’s billionaires feature tech titans, financial aces and titans of sports and entertainment. Here are five of the darling rich billionaires who call Miami home in 202517:
Jeff Bezos: After he stepped down as Amazon’s chief executive May 24, the company founder and executive chairman moved to Miami. He is the third richest person in the world, with a net worth of about $215 billion, and has made large real estate purchases on Miami’s exclusive Indian Creek Island.
Ken Griffin: The founder and CEO of Citadel LLC, one of the world's biggest hedge funds, has a net worth of $42.3 billion. He decamped to Miami in 2022, where his hedge fund is based and where his arrival has raised the profile of the city’s financial industry.
Josh Harris: The co-founder of Apollo Global Management is worth $9.9 billion. He has ownership stakes in numerous sports franchises and is a major investor in Miami’s real estate and tech sectors.
Orlando Bravo: Private equity chief of Thoma Bravo, his net worth is 9.8 billion. He is the first Puerto Rican-born billionaire, and big in software acquisitions.
Micky Arison: Arison, who serves as the chairman of Carnival Corporation and is the owner of the Miami Heat, has a net worth of approximately $8.7 billion. He played a key role in Miami’s cruise industry and sports culture.
Not only do these billionaires feed into Miami’s wealth, they have shaped its cultural and philanthropic scene.
Why Are So Many Billionaires Flocking to Miami?
A few factors account for Miami’s influx of billionaire residents:
Tax Benefits: The absence of state income tax in Florida is a huge attraction for rich people who want to maintain their wealth.
Lifestyle: Miami is a mix of posh residential neighborhoods, tropical beaches, fancy and funky restaurants and nightclubs.
Real Estate: The city is home to some of the most expensive neighborhoods and prestigious developments in the country.
Business Environment: Miami is emerging as a center for finance, technology and global trade.
Climate and Location: Miami has a tropical climate that is inviting, as well as its strategic position, serving as a gateway to Latin America and Europe.
The pandemic furthered this trend, as many billionaires decamped from cities like New York and San Francisco.
How Billionaires Are Influencing Miami
The billionaires have remade Miami in several respects:
Real Estate Boom: Record sales and luxury developments have transformed the city’s skyline.
Economic Growth: Billions of investors; thousands of new jobs and a flood of international business.
Philanthropy: Loads of billionaires support education, arts and local community projects.
Culture: Miami’s cultural prominence as a global city is amplified by its affluent population.
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Where Miami’s Billionaires Live Million
For seven years, the hedge fund billionaire Ken Griffin, who resides in Chicago, held the record for the most expensive home in Miami.
Miami’s billionaires — there are many of them! — live in ultra-exclusive enclaves like:
Indian Creek Island: Renowned as the “Billionaire Bunker,” it provides unmatched privacy and luxury.
Fisher Island: An isolated refuge for the rich, accessible only by ferry or private boat.
Star Island: Known for celebrity and billionaire homes.
Coral Gables and Coconut Grove: Wealthy family-friendly enclaves.
These neighborhoods possess expensive homes, private boat ramps, and luxury amenities.
Dawn of Miami’s New Wealth Ecosystem
Miami’s billionaire ecosystem sits as a shade in an expansive canopy of millionaires and high-net-worth-individuals, but that is another story. In 2024, Miami had more than 35,000 millionaires and 164 centi-millionaires (those with over $100 million in investable assets). This wealth concentration also spurs demand for luxury goods, services and real estate, in turn adding to Miami’s global allure.
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How many billionaires are in Miami, FL?
And in 2025, there were an estimated 15 billionaires in Miami, including world-knowns such as Jeff Bezos and Ken Griffin. By all accounts, their arrival, along with a booming millionaire population with no signs of slowing, has helped solidify Miami’s status as one of the world’s elite cities for the ultra-rich. The city’s special mix that combines lifestyle, tax benefits and business opportunities will probably lead to more billionaires to come. Read more on Miami luxury real estate and high-end community news visit our website. Stay updated and connected and discover our services tailored for your individual needs.
