“Millionaires who have been driven out of Miami and Palm Beach by an influx of billionaires have resettled in a different Florida city- Fort Lauderdale.

Super wealthy individuals like Jeff Bezos and Ken Griffin have snapped up homes in Miami and Palm Beach, driving up real-estate prices and squeezing out the less rich.

As a result, millionaires have created a lavish enclave in Fort Lauderdale, where thousands of college students celebrate spring break.

The surge of millionaires in the city has led to a mansion-building spree and a rise in property prices.”

Millionaires priced out of Miami and Palm Beach by billionaires are now flocking to this balmy Florida city | Daily Mail Online

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