"Hedge fund billionaires have relocated to Florida for tax reasons for years — David Tepper, Paul Tudor Jones and Eddie Lampert being among the most prominent. But Florida officials have been aggressively pushing Miami as a destination for money managers since the Republican-led tax overhaul. Signed by President Donald Trump in 2017, it set a $10,000 cap for state and local tax deductions, including income and real estate taxes." https://www.bloomberg.com/news/articles/2019-09-12/carl-icahn-is-said-to-be-heading-to-florida-for-lower-tax-rates

Of course the first article talks about lifestyle as well and specifically tennis which is a bit easier in Florda. 🙂 But I think it is more than just a fluke that some of these big money guys are leaving the high tax, high expense areas like NY