• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026
SuccessFlorida

$2.3 billion hedge fund manager on his move from New York to Florida: ‘I know of no business that has generated long term success by driving away its highest paying customers’

By
Amanda Gordon
Amanda Gordon
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Amanda Gordon
Amanda Gordon
and
Bloomberg
Bloomberg
Down Arrow Button Icon
April 10, 2024, 11:11 AM ET
Larry Robbins
Larry Robbins, founder and chief executive officer of Glenview Capital Management.Alex Flynn—Bloomberg/Getty Images
Add Fortune on Google for similar content.

Larry Robbins jokes he’s the last hedge fund manager to move to Florida. 

Recommended Video

But unlike those who relocated before him — most notably Citadel’s Ken Griffin — Robbins’ move comes with a twist. The founder of Glenview Capital Management is going to make Florida his family home and keep New York his professional one, at least for now.

Robbins, 54, will commute to Manhattan starting in August and largely abide by Glenview’s three-days-in-the-office policy — using his Alpine, New Jersey home as his base, he said in an interview. Meanwhile, he, his wife and three young children will temporarily live in a mansion in Palm Beach Gardens while building a house in Hobe Sound after his kids were admitted to the prestigious Benjamin School.

The decision by Robbins, a longtime leader at the Robin Hood Foundation, an antipoverty charity popular on Wall Street, ushers in a potentially new phase of the city’s wealth migration. While other Robin Hood board members like Paul Tudor Jones, Dan Och and Barry Sternlicht flocked to Florida in a more typical “snowbird” shift, Robbins is opting to relocate at a time when New York is trying to find its footing after the pandemic upended its economy. 

“I know of no business that has generated long term success by driving away its highest paying customers,” Robbins said during an hour-long interview, his first since disclosing his plans to investors. “I am in fear for New York’s most vulnerable to become victimized by the great migration.”

New York has long counted on the highest earners — many of whom are in finance — to balance its $100 billion-plus budget. As of 2021, the top 1% accounted for almost half of the city’s income-tax collections, up from 40% in 2019, according to the comptroller. 

Robbins said none of his firm’s roughly 53 employees is being asked to relocate to its new, smaller office in Palm Beach Gardens, Florida. Glenview, which oversees $2.3 billion, is having one of its best periods in recent years, gaining 16.6% in the first quarter, according to a person familiar with the matter.

Robbins has wasted no time making Florida feel more like home.

He’s working with the Palm Beach North Athletic Foundation — and NHL legend Wayne Gretzky — to build a $40 million ice hockey facility. Robbins, the former owner of US Hockey League team Chicago Steel, has two adult sons who likely will play professional hockey in Europe next year.

Robbins and his wife, Sarahmay, have three children ages 8, 5 and 2. He says the move is about them, less time commuting and finding a healthier lifestyle — not about taxes or politics.

“We decided that if wanted to relocate — now would be the time to do that, before their ties deepen,” he said.

Robbins isn’t making the decision lightly, especially after so many of his peers, including those involved in philanthropy, have departed. Robbins views the wealth exodus as a serious threat to the city, and is particularly concerned about a dwindling pool of cash for education.

“Unless we solve the big problem of driving high earners away from New York City, this challenge will be a persistent headwind for decades to come,” he said. “The imbalance, the inequities, are in danger of growing.” 

A top question, in his mind, is whether younger talent will stay in New York and give back. 

“What New York needs to do urgently is help cultivate and develop the next layer of financially successful individuals, and have those individuals be as philanthropic in their journey as early as possible,” Robbins said. 

Robbins likes the model of public-private partnership — one that Robin Hood leaned into when Wes Moore — now the governor of Maryland and a rising Democratic star — became its head, and Robbins was chair.

It’s one of the reasons he’s keen on the new hockey project in South Florida. Palm Beach Gardens has offered to lease eight acres of what is currently a city park to create a world-class facility. Private funds from Robbins and others will help with construction and developing programs. It helps that Gretzky’s son, Ty, will run an ice hockey school there.

Robbins said he got in touch with the project’s founder, Michael Winter of Leatherback Asset Management, about nine months ago when he and Sarahmay started looking to relocate to the area.

Interest in ice sports has been on the rise in the area, Winter said, thanks to the success of Florida’s two professional hockey teams, the Florida Panthers and the Tampa Bay Lightning, and the influx of families from colder regions.

“In 85-degree weather, it gives you an excuse to put on your sweater you used to wear in Chicago,” said Winter, founder of the Palm Beach North Athletic Foundation. 

Robbins’ hockey connections are on display in Manhattan, too: He recruited longtime New York Rangers goalkeeper Henrik Lundqvist as a co-chair for the Robin Hood benefit on May 13. Robbins will be there. 

And he said Glenview will also keep hosting its annual casino night for KIPP, a charter-school network. The next one is on April 17 at Guastavino’s.

“I’m going to continue to dedicate to investing in high quality education in New York City, because unfortunately that job is nowhere near done,” Robbins said. “Despite the unbelievable results that KIPP and other high-performing charters have produced, there’s still a significant need for additional capacity for high quality seats.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Amanda Gordon
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

Jason Lemkin
Successwork-life balance
This investor won’t back startups unless staff are in the office 6 days a week: ‘Not because I don’t have empathy, because they’re going to fail’
By Preston ForeJuly 2, 2026
1 hour ago
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
SuccessCareers
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
By Orianna Rosa RoyleJuly 2, 2026
9 hours ago
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
InvestingDonald Trump
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
By Catherina GioinoJuly 1, 2026
18 hours ago
U.S. Polo Assn. CEO J. Michael Prince
SuccessThe Promotion Playbook
U.S. Polo Assn. CEO was flat-out told he wasn’t right for a promotion—so he ‘outworked’ anyone else who wanted the job for 6 months straight until they changed their mind
By Orianna Rosa RoyleJuly 1, 2026
1 day ago
Nikesh Arora, chief executive officer at Palo Alto Networks
SuccessJobs
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
1 day ago
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
CommentaryCareers
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
By Jeremy FainJuly 1, 2026
1 day ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
1 day ago
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
Politics
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
23 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
Success
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.