Miami's wealth boom: Top stories from luxury terminals to billionaire buys

South Florida’s status as a magnet for the ultra-wealthy continues to reshape the region, including new luxury amenities and record-breaking real estate deals.

Here’s a roundup of top Miami wealth stories making news:

• Private MIA terminal opens June 30: Miami International Airport’s first private terminal will open June 30 from PS, a Los Angeles-based company, charging about $1,300 for one-time use. Travelers get lounges, private suites, massage services and valet parking while skipping the main airport entirely.
• Palantir posts record profit after Miami move: Palantir Technologies generated $871 million in profit in Q1 2026, the largest in its 23-year history and more than four times Q1 2025. The company raised its full-year revenue forecast to about $7.65 billion after moving its headquarters from Denver to Aventura in February.
• What the super-wealthy want in Miami: In a new Miami Herald video, wealth advisers Patrick Dwyer and Gregory Pool of NewEdge Wealth Aligned Miami say billionaires are flocking to South Florida because they can “rebuild their lives really fast” here. Recent arrivals include Google co-founders Larry Page and Sergey Brin and Meta’s Mark Zuckerberg.
• Miami Beach properties fetch megamillions: A North Bay Road property once owned by Broadway producer Harold Prince has sold for $31.5 million, while a Sunset Islands bayfront compound was listed for $110 million. Elon Musk was rumored to be touring what could be a $300 million mansion under construction nearby that would shatter Mark Zuckerberg’s $170 million county record.
• Ken Griffin doubling down on Miami: Citadel CEO Ken Griffin announced plans to add hundreds of thousands of square feet of office space to his new Brickell headquarters tower. Griffin cited New York Mayor Zohran Mamdani’s proposed tax on second homes worth over $5 million as motivation for the expansion.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.