# Why Billionaires are Quietly Moving to Florida | Jay Roberts E485

Page: https://stenobird.com/podcast/the-rich-somers-report-5905323/why-billionaires-are-quietly-moving-to-florida-jay-roberts-e485
Text version: https://stenobird.com/podcast/the-rich-somers-report-5905323/why-billionaires-are-quietly-moving-to-florida-jay-roberts-e485.md
Podcast: [The Rich Somers Report](https://stenobird.com/podcast/the-rich-somers-report-5905323)
Published: 2026-04-07T12:00:00+00:00
Episode link: https://www.buzzsprout.com/2615786/episodes/19129243-why-billionaires-are-quietly-moving-to-florida-jay-roberts-e485.mp3
Audio file: https://www.buzzsprout.com/2615786/episodes/19129243-why-billionaires-are-quietly-moving-to-florida-jay-roberts-e485.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-rich-somers-report-5905323/episodes/why-billionaires-are-quietly-moving-to-florida-jay-roberts-e485
Duration seconds: 2638

## Resource

If you're an accredited investor interested in our Catalina deal, connect with us at somerscapital.com/invest Rich sits down with Jay Roberts, CEO of Prosper Group, who's managing over $3 billion in active real estate developments out of Miami — and breaks down exactly how luxury waterfront condo development actually works, from land acquisition to sellout. They get into why billionaires and tech giants are fleeing California for South Florida, how Jay underwrites a $345 million development t...

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