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A waterfront mansion in Palm Beach was acquired for $10.52 million by a company tied to a former executive of global financial firm Guggenheim Partners.more»
Yesterday, I looked at migration from high‐tax to low‐tax states. Today, the Wall Street Journal focuses on wealthy tax exiles from the Northeast in Florida: “President Donald Trump and Carl Icahn both announced in the fall that they’ll be making Florida their primary residence, joining other high‐profile executives like financiers Barry Sternlicht, Eddie Lampert and Paul Tudor Jones.”
There’s a way for rich homeowners to potentially shave tens of thousands of dollars from their tax bills. They can get that same savings the next year and the following years as well.more»
New World Angels (NWA) (www.newworldangels.com), Florida’s premier structured angel investment group, announced today that it has completed a $790,000 investment into Aegle Therapeutics Corp. as part of a $4MM round led by NWA. NWA was joined by Tellus BioVentures, DEFTA Healthcare Technologies and DeepWork Capital, as well as existing investors including Ocean Azul Partners.more»
South Florida is used to being a winter escape for Northeasterners searching for sunshine.
But now, they’re bringing their businesses with them.