politics
Miami Draws Tech, Finance and Political Figures as Population and Prices Rise
Miami has attracted corporate headquarters, wealthy residents and social media creators since 2022. Housing costs have increased while new luxury condominiums continue construction. The city will host the G20 summit in December.
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Miami has drawn corporate headquarters, wealthy residents and social media creators since 2022. Ken Griffin moved Citadel's headquarters from Chicago to Miami in 2022 and purchased a waterfront mansion for $107 million. Palantir announced in February it would relocate from Denver. Amazon, Apple, Microsoft and Uber have established offices in the city.
The Miami Herald reported in March that four of the world's five wealthiest individuals now own estates in the area. Luxury real estate agent Ivan Chorney said buyers feel pressure to secure property in South Florida. Working residents face rising costs.
World leaders will attend the G20 summit in December at President Donald Trump's National Doral Miami golf resort. Mar-a-Lago in Palm Beach has served as a site for meetings with business leaders and state affairs. Social media creators have also concentrated in neighborhoods such as Brickell and Wynwood.
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