Millionaires who have been driven out of Miami and Palm Beach by an influx of billionaires have resettled in a different Florida city- Fort Lauderdale.
Super wealthy individuals like Jeff Bezos and Ken Griffin have snapped up homes in Miami and Palm Beach, driving up real-estate prices and squeezing out the less rich.
As a result, millionaires have created a lavish enclave in Fort Lauderdale, where thousands of college students celebrate spring break.
The surge of millionaires in the city has led to a mansion-building spree and a rise in property prices.
One extravagant estate that features a pool deck covered with AstroTurf recently hit the market for $47.9 million, which was a 60 percent increase from what is was purchased for only 16 months earlier.
