Former Starbucks CEO Howard Schultz, after leaving Seattle 40 years ago, relocates to Miami

LootboxPhobia · 2026-03-11T14:25:07+00:00

Howard Schultz has relocated from Seattle to Miami and moved his family office along with him, entering retirement life. He purchased a penthouse apartment in Miami and hopes that Starbucks can continue to stay in Seattle, despite the local issue of affluent residents leaving.

LootboxPhobia

2026-03-11 14:25:07

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Investing.com – Former Starbucks CEO and billionaire Howard Schultz has moved to Miami after living in Seattle for over 40 years, relocating his family office there as well.

Schultz announced the move in a LinkedIn post, saying he and his wife, Shelley, have entered retirement. Last year, the couple traveled to many destinations around the world—places they didn’t have time to visit while building Starbucks and raising their children.

Although Schultz’s foundation will remain in Seattle under the leadership of Vivek Varman, his family office will be based in Miami.

According to The Wall Street Journal, citing sources familiar with the matter, Schultz purchased a top-floor apartment at Surf Club, Four Seasons Private Residences for $44 million.

In his post, Schultz expressed his hope that Starbucks will continue to be based in Seattle, despite the challenges Washington state faces in retaining businesses and wealthy individuals. The state is considering a 9.9% tax on income over $1 million, which has led many wealthy people and companies to relocate to Florida and Texas.

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