Howard Schultz Relocates to Miami After WA Tax Bill Passes

Howard Schultz, the former chief executive of Starbucks, announced on March 10, 2026, that he and his wife, Sheri, are relocating from their longtime home in Seattle, Washington, to Miami, Florida, hours after state lawmakers passed a bill imposing a new tax on high-income households.

The 72-year-old billionaire, whose net worth is estimated at about $3.5 billion, shared the news in a LinkedIn post, describing the move as the start of a retirement phase after more than four decades in the Pacific Northwest. "We have moved to Miami for our next adventure together," Schultz wrote. "We are enjoying the sunshine of South Florida and its allure to our kids on the East Coast as they raise families of their own." He reflected on his journey with Starbucks, which he joined in 1982 and later transformed from a small coffee roaster into a global chain with thousands of locations. Schultz served three stints as CEO, most recently stepping down in 2023.

The timing of the announcement coincided with the Washington State House of Representatives approving Senate Bill 6346, also known as the Millionaires Tax, in a 51-46 vote following more than 24 hours of debate. The measure would impose a...