Real-estate billionaire Barry Sternlicht puts his finger on the ‘impossible' thing holding Miami back from really becoming Wall Street south: the schools [Yahoo! Finance]
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Source: Yahoo! Finance
Attracted in part by lower taxes, a flood of wealthy people and major companies have migrated south to the Miami area in recent years. Companies such as Ken Griffin's hedge fund Citadel and Paul Singer's Elliott Management have shifted their headquarters to the city and others such as Goldman Sachs Blackstone , and Point72 have expanded their presence there. Thanks in part to this monied migration, the city has 75% more millionaires than it had a decade ago, according to a 2023 report. Still, one of the city's most prominent billionaire residents, Barry Sternlicht, the CEO of real estate giant Starwood Capital Group, said Miami still has to improve on education before it can become the new U.S. financial capital. Speaking to Bloomberg Television's David Westin , Sternlicht said there aren't enough private schools in Miami and it is holding the city back from attracting the talent it needs to reach the next level. “There are a lot of companies that would move down if they could
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/22/24 - Form 144
- 5/21/24 - Form 144
- 5/21/24 - Form 144
- AMZN's page on the SEC website