schwit1 shares a report from Fortune: After launching Amazon from a garage in Seattle in 1994, centibilllionaire Jeff Bezos is leaving the Pacific Northwest behind and setting sail for Florida. In an Instagram post, the world’s third wealthiest person — with a net worth estimated at $160 billion — said he wanted to be closer to my parents after they recently moved back to Miami. “My parents have always been my biggest supporters,” he posted to his Instagram account, adding that his spacefaring company Blue Origin is increasingly shifting operations to Cape Canaveral.

Florida also offers a financial benefit to the Amazon founder — it doesn’t charge capital gains tax which, for a man who’s sold some $30 billion in stock since 2002, according to Bloomberg, can be quite substantial. […] But Miami is not the only place where Bezos lives. In addition to his collection of luxury cars and private Gulfstream jets, Bezos owns multiple properties valued recently at a half-billion dollars. Bezos recently bought a large home in Florida, notes schwit1.