From Beaches to Billionaires, Jupiter’s Transformation

Kyle Camerlinck

27 Aug 2025 — 1 min read

Once known for golf, beaches, and winter getaways, Palm Beach County has earned a new title: Wall Street South.

In just a few years, this stretch of South Florida has transformed into one of the world’s fastest-growing financial hubs. Here is the reason for Palm Beach's new title:

· Over 300 hedge funds and private equity firms now call Palm Beach County home.

· Nearly 120,000 people work in financial services here, with an average salary of about $123,000.

· The region produces $35+ billion annually from finance alone.

· And it is home to 75,000 millionaires and 68 billionaires.

So why here? Beyond the sunshine:

· No state income tax

· Office space at half the cost of New York

· A luxury lifestyle that includes golf, boating, beaches, and fine dining year-round

Palm Beach County is no longer just a vacation destination. It is a global financial hub, driving demand for luxury and waterfront properties in Jupiter like never before.

If you would like to read more, here is a deeper dive: Palm Beach Now – Wall Street South

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