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Palm Beach: a History of Wealth

The Sunshine State, beloved for its warm weather and lack of state income tax, is a haven for the wealthy, welcoming more high-earners than any other state in the U.S.

Located in South Florida, Palm Beach is the most expensive place to live in the entire state.

The island of Palm Beach is home to legendary resorts, exquisite mansions and historic landmarks, including Henry Flagler's former residence, now the Flagler Museum. Lined with stately palm trees, the shopping nirvana of Worth Avenue is known worldwide.

Founded in 1894 by Standard Oil magnate Henry Morrison Flagler, it became a winter playground for the ultrawealthy: Vanderbilts, Fords, DuPonts. After World War I, Europeans, such as the duke and duchess of Windsor, flocked to this permanent party for the idle rich.

The patriarch of the famous political family, Joseph P. Kennedy, bought an oceanfront mansion on the ocean in Palm Beach in 1933.

Generations of the Kennedy family have vacationed there, and it was in essence the Winter White House during the presidency of John F. Kennedy.

Some other famous early Palm Beach family names include Biddle, Munn, Phipps, Shearson, Wanamaker, Warburton and many others. Among other Palm Beach structures designed by Addison Mizner are the Everglades Club done in collaboration with Paris Singer, and Via Mizner, a section of Worth Avenue.

After over 100 years of graceful evolution, Palm Beach today is a fully developed community, world-renowned for its beauty, quality of life and small-town character. It is home to “Captains of Industry”.


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