Shahid Khan, 70, is the wealthiest individual in all of Southwest Florida. The state has seen a surge in the number of billionaires in recent years, with the latest Forbes 400 report showing that Florida has overtaken Texas as the third most populous state of ultra-wealthy Americans. At the top of the list of Florida's richest residents is Thomas Peterffy, who recently relocated to the state from the Northeast. Peterffy's move to Florida is indicative of a growing trend that has seen more billionaires than ever before flock to the Sunshine State.
It's not just Appaloosa, who moved from New Jersey this year and had a major impact on its economy. The business climate is also very attractive, with favorable tax rates and comparatively lenient personal bankruptcy penalties when compared to other states.