Facebook founder Mark Zuckerberg has joined the stampede of tech tycoons fleeing California ahead of a potential wealth tax. Fox Business reports:

Meta CEO Mark Zuckerberg is the latest California billionaire heading for Florida, snapping up a massive waterfront mansion in Miami’s exclusive “Billionaire Bunker,” as Golden State lawmakers push a proposed 5% tax on the ultra-wealthy.

Zuckerberg and his wife, Priscilla Chan, are buying a newly built mansion on Indian Creek, one of the area’s most expensive enclaves…

“People like Zuckerberg plan three moves ahead. That billionaire tax chatter has a lot of Palo Alto owners doing real math. If you’re staring at a potential 5% hit tied to net worth, Florida becomes a business decision. And Indian Creek is the clearest signal you’re serious, because it’s built for privacy and control,” Troy Dean Home CEO Troy Ippolito told Fox News Digital in reaction.