Wealthy Californians are ditching the state for the ‘Beverly Hills’ of Arizona

By Kelsey Vlamis and Jordan Pandy | Business Insider

Paradise Valley, dubbed by some the “Beverly Hills of Arizona,” has seen an influx of wealthy Californians.

Movers come for the privacy, luxurious lifestyle, lower taxes, and quality of life.

They’re coming from across the state, including San Francisco, Los Angeles, and San Diego.

Ken Sawyer didn’t initially plan to leave California.

The cofounder of Saints Capital previously lived in San Francisco with his wife, who also works in venture capital, and had a second home in Napa. But when the Napa home burned in the 2017 wildfires, they decided to get a home in Colorado instead of rebuilding.

“After being there and realizing some of the dynamics and quality of life and the benefits that were there, we decided maybe we didn’t need to be in California,” he told Business Insider.

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February 2024
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