Jeff Bezos, the founder of Amazon, announces his move from Seattle to Miami.

Amazon founder Jeff Bezos is leaving Seattle, the city where he started the company in his garage in 1994, and relocating to Miami. Bezos made the announcement in an Instagram post, sharing a video of his early office space in the garage of his rented home in Bellevue, Washington. This garage was where Bezos launched Amazon as an online bookseller and eventually transformed it into a retail and cloud computing giant. In his post, Bezos expressed his emotional attachment to Seattle, where he has lived for the longest period of time, but stated that Miami holds a special place due to his parents and his space company, Blue Origin.

Amazon’s exponential growth has had a significant impact on Seattle, particularly in the South Lake Union district, where the company’s headquarters is located. The rise of Amazon turned Seattle into a tech hub, attracting well-paid tech workers but also contributing to higher rents and homelessness in the area.

Earlier this year, Bezos stepped down as Amazon’s CEO, handing over the reins to Andy Jassy, the former head of Amazon Web Services. Bezos assumed the role of executive chair of Amazon’s board, allowing him to focus more on personal endeavors such as the Earth Fund, Blue Origin, and The Washington Post, which he acquired in 2013.

Bezos has already expanded his presence beyond Seattle by purchasing two neighboring properties in Miami’s Indian Creek Village for $150 million. Known as the “billionaire bunker,” this exclusive area has attracted several wealthy individuals. Bezos also owns properties in other parts of the world.

This move by Bezos from Seattle to Miami represents a significant change for both him personally and for the cities involved. It will be interesting to see how this relocation impacts Bezos’ involvement in his various ventures and how it influences the tech landscape in both Seattle and Miami.

WATCH: Will Temu kill Amazon? How the Chinese shopping app’s rapid growth could crack Amazon’s dominance