Miami: A Centi-Millionaire Magnet

Greater Miami has become a thriving destination for centi-millionaires — those with investable assets of USD 100 million or more — thanks to its unique blend of business opportunities, global connectivity, and enviable lifestyle. As a premier global business hub that has gained even further momentum post-pandemic, Miami has hit its stride, offering a compelling alternative to cities such as New York, San Francisco, Chicago, Madrid, and others.

Strategic location and global business appeal

As the ‘Gateway to the Americas’, Greater Miami’s geographical advantage is undeniable. With direct access to North and Latin American markets as well as the Caribbean, Miami is the ideal place for ultra-high-net-worth individuals and their businesses to operate on a global scale. Miami International Airport and PortMiami make the city a logistics powerhouse, seamlessly connecting the region with Europe, Asia, and beyond. This strategic position allows companies to reach international markets quickly and efficiently, attracting individuals eager to expand their global influence.

What sets South Florida apart for the affluent segment is that they no longer have to choose between their companies and their lifestyle — they can bring both to Miami. Increasingly, business owners are relocating not only their families but their entire companies, drawn by Greater Miami’s pro-business climate, modern infrastructure, and a welcoming environment for innovation. Here, they can build and grow their enterprises while enjoying the benefits of living in a community that prioritizes work–life balance and offers a high quality of life.

A competitive, pro-business environment

Miami’s appeal goes far beyond its strategic location. Florida's favorable tax policies, including no state income tax, no capital gains tax, and no estate tax, provide individuals with considerable wealth significant financial benefits that make Miami a highly attractive option compared to high-tax cities such as New York or San Francisco.

The community’s welcoming regulatory environment, combined with these financial incentives, has created an entrepreneurial innovation ecosystem where global business leaders and investors thrive. New arrivals find that they are not just settling into a new city — they are joining a world-class network of financial powerhouses and business leaders that reflects Miami’s growing stature on the global stage.

The power of diversity, arts, and culture

Miami’s rich tapestry of cultures — reflected in its world-class art, cuisine, and entertainment — plays a pivotal role in its appeal to residents and visitors alike. Its vibrant cultural scene is as diverse as the community itself, boasting authentic neighborhood gems such as Little Havana, Little Haiti, and Wynwood alongside world-renowned events such as Art Basel Miami, the Formula 1 Miami Grand Prix, and the forthcoming FIFA World Cup 26™. Michelin-starred restaurants — a must in any truly global city — anchor a dynamic culinary scene that mirrors the unparalleled energy of this Magic City.

This energy extends to the business world, where Miami’s multi-lingual, multi-cultural workforce provides companies with a unique competitive edge. As businesses in Miami scale globally, they benefit from the talent and innovation that a diverse community fosters. High-net-worth professionals are not just finding new business opportunities in Greater Miami — they are discovering an ecosystem where innovation thrives and where their companies can tap into new markets and ideas effortlessly.

A community of innovation, collaboration, and leadership

Miami is now competing with — and in many respects surpassing — global markets. It has become a destination where business owners, investors, and industry disruptors can collaborate, grow, and thrive together. This is reinforced by multiple rankings and awards including the recent designation as a national ClimateReady Tech Hub by the U.S. Department of Commerce’s Economic Development Administration, or Miami’s #16 ranking in Startup Genome’s Global Startup Ecosystem Report 2024 (up 7 spots year-over-year). Lauded for the welcoming, collaborative nature of its pro-business community, high-net-worth individuals are finding financial success in Miami while actively contributing to its evolution as a world-class business and innovation hub. Citadel’s founder and CEO Kenneth C. Griffin, Related Group’s founder, Chairman, and CEO Jorge M. Pérez, businessperson and philanthropist Adrienne Arsht, Lennar’s Executive Chairman and Co-CEO Stuart Miller, healthcare investor, inventor, and founder Dr. Phillip Frost and Governor Patricia Frost, and others have all made transformational investments in this community. These gifts have changed Miami’s DNA, accelerated its growth, and established it as a place to thrive, succeed, and shape the future of global business.