"The former "Real Housewives of New York City" star Bethenny Frankel built her public persona in the Big Apple, but after moving to Florida in 2025, she says the Sunshine State is the new cultural hub for America's rich and famous. "Miami is the new LA," Frankel, 55, told Business Insider. "In the way that LA was the cool place to be, and aspirational people wanted to be there.""
"Last March, the reality TV veteran, entrepreneur, and social media influencer joined a wave of New Yorkers relocating to South Florida, settling on the coast with her teenage daughter. She's one of many Americans leaving cultural hubs like New York and Los Angeles for smaller cities in the Sun Belt. A January 2026 Bank of America Institute study on US migration found that New York recorded the second-largest population loss of any US city in the fourth quarter of 2025, after Los Angeles."
""It's also cool to be in New York," Frankel said, "but not as much as being in Miami, and Florida in general." Miami has the most million-dollar property listings in the US Among the Florida arrivals is a number of billionaires. Ken Griffin, the CEO of Citadel, the Amazon founder Jeff Bezos, and Glenview Capital Management's CEO, Larry Robbins, have all relocated from northern cities to Florida's warmer shores in the past four years."
Bethenny Frankel relocated from New York to South Florida in 2025 and characterizes Miami as the new cultural center for affluent Americans. She joined a broader migration of residents leaving New York and Los Angeles for smaller Sun Belt cities, with a Bank of America Institute study finding New York had the second-largest population loss in Q4 2025 and about 45% of outbound New Yorkers heading southward, 7% choosing Miami. High-net-worth individuals, including billionaires such as Ken Griffin, Jeff Bezos, and Larry Robbins, have moved to Florida. The influx has increased luxury real-estate activity and reshaped Miami's cultural landscape.
Read at Business Insider
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