Billionaire Carl Icahn Is Moving His Company & Residence To Miami For Lower Taxes & A Better Lifestyle

Carl Icahn, who is one of the world’s wealthiest men, is moving from his hometown of New York to Miami, according to the NY Post.

Icahn is one of the 50 wealthiest people in the world, with a net worth of $17.6 billion and is ranked 11th on the Forbes 400.

According to sources quoted Bloomberg, the move is to save on taxes (Florida has no state income taxes, while New York has high taxes) as well as a better lifestyle. According to CNBC sources however, the move is more about a better lifestyle than taxes.

Around 50 people work for his Icahn Enterprises investment vehicle in New York, and more than half have accepted his offer of incentives to move.

It isn’t clear where exactly the new office will be located. A letter from Icahn asked his employees to join him “in Miami,” the Post reported. CNBC reported that the office will be “near Miami.”

Icahn has owned a home on Indian Creek Island since 1997, and has been spending more of the winter there recently.

An LLC which appears to be controlled by his son Brett recently purchased a $4.1 million condo at the Biscayne Beach condo tower in Edgewater.

 

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Anonymous
2 years ago

NY keep raising ur taxes…??

Anonymous
2 years ago

but the middle class ones come down here and vote for the same policies which created their high taxed environment in the first place.

Anonymous
2 years ago

Our job to educate our new neighbors

Anonymous
2 years ago

I red pill them everytime I get a chance.

Anonymous
2 years ago

Bullsh*t…go away

William
2 years ago

They come down here.. and then vote for the same darn people…sheesh.

Anonymous
2 years ago

These idiots are going to vote a AOC 2.0 down here soon

Anonymous
2 years ago

They already did in homestead/south dade.

POLO
2 years ago

NO, TRUMP IS RASING NY TAXES!!!!!

Anonymous
2 years ago

no, he isn’t. Stop spreading fake news POLO!!!

chino
2 years ago

The Tariff’s alone are a $2,000 tax on the average US household…Repubicans don’t use the word tax they replace with the word tariff or user fees… not to mention the elimination of the mortgage tax credit and the spiraling out of control budget deficit at 37% annually…

Anonymous
2 years ago

I wonder where he will put his new office, perhaps in the new office tower in brickell.

Anonymous
2 years ago

Doral

Anonymous
2 years ago

Liberty city. Right close to the MLK plaza rail station so Carl Icahn’s employees can have easy access to transportation.

Anonymous
2 years ago

Also maybe Broward – or West Palm

Anonymous
2 years ago

A new office tower in Downtown West Palm Beach, which is becoming Greenwich, CT (another place which cooked its own goose) of the South.

Go Miami go!
2 years ago

Smart move.
Keep moving to Florida.
Go Miami go.

Anonymous
2 years ago

I say take Spanish language courses along with Cuban lingo – Una Colada con Leche Condensada por favor !

Anonymous
2 years ago

Didn’t you hear? The Jews are taking back Miami. In 5 years they are projected to have a 40 % of the Miami population. Spanish language will be history! Yeah!!!

Anonymous
2 years ago

Quieres apostar??

Anonymous
2 years ago

do you think Jews don’t speak Spanish? Argentina has the biggest Jewish population outside of Isreael.

Anonymous
2 years ago

Icahn Enterprises has 2100 employees and only 50 of them work in NYC?

Anonymous
2 years ago

I read the New York post article and it’s a lot more clean. 50 have agreed to come down.

Anonymous
2 years ago

good move… don’t keep voting blue… only red…

POLO
2 years ago

First, you should educate yourself. The reason people from New York, and other places north are coming to Miami is because of Trump tax policies to eliminate sale, and state taxes as deductions to punish blue states. Yes, vote BLUE TO GET THIS IDIOT OUT OF THE WHITE HOUSE!!!!!

David Laguardia
2 years ago

Explain why recent tax cuts have occured.

Anonymous
2 years ago

the corporate tax rate has been cut under the Trump administration. If you are talking about the SALT tax in higher states that’s a different issue.

Anonymous
2 years ago

bienvenido a Miami

Anonymous
2 years ago

That fat cat can no longer afford the tax bill with his 17.6 Billion !!!??? LMAO Pobrecito

Anonymous
2 years ago

Shameless monumental greed.

Anonymous
2 years ago

What a great get…yeah, FL is so cool, after the guy lives 150 of his best yrs in NYC and is almost dead, Miami celebrates his move and him being ‘tired’ of NY. What a turd of a town and people. can’t stop laughing.

Anonymous
2 years ago

1-How nay of those 50 employees are going to be relocated and how many are going to be hired locally?
2-While local residents waste 30% of our income in car-related expenses (tolls, insurance, gas, car payments, etc) Our noncorporate tax State can’t invest in a reliable mass transportation system.

Anonymous
2 years ago

the story said about half of his 50 agreed to relocate. I’m sure they’ll have to rent bedrooms at X-Miami. lololol

Anonymous
2 years ago

It’s likely most of the people he employs are tops in their field and well compensated. Not only lower taxes, but also lower cost of living would be like getting a 25% salary increase if offered their current rate.
For those who want to flee the winters it’s a great deal.

Anonymous
2 years ago

Give it a rest already.

Anonymous
2 years ago

That isn’t a waste….I love driving my car. Anything beats sitting in some dirty late-running train full of bums and a few geek hipsters.

Anonymous
2 years ago

Our tax system is dysfunctional. The blue counties pays most of the bills in this state. While the red counties manages to dictate policies and procedures and life choices for the blue counties with the help of republicans in Tallahassee. That will change in the future due to the current climate of divisiveness. .

Anonymous
2 years ago

Please come to Miami Beach.