Overview
- Schultz announced on LinkedIn that he and his wife have left Seattle for Miami as they enter what he called the retirement phase of their lives.
- He said the couple’s private family office will move to Miami, while the Schultz Family Foundation will continue operating in Seattle.
- His announcement came hours after Washington’s House narrowly passed a bill to tax household income above $1 million at 9.9%, which still requires Senate approval and the governor’s signature.
- Multiple outlets reported he purchased a roughly $44 million penthouse in Surfside, Florida, though he did not link the move to the tax proposal in his statement.
- Starbucks confirmed plans for a new corporate office in Nashville and relocation opportunities for some Seattle-based roles, while stating it will keep its headquarters in Seattle for now.