From Malay Mail · · 1m 30s
Meta offers Zuckerberg share deal to stay in California
Meta CEO Mark Zuckerberg gets new shares to stay in California for eight years amid billionaire tax vote.
In brief
Meta CEO Mark Zuckerberg gets new shares to stay in California for eight years amid billionaire tax vote. Meta CEO Mark Zuckerberg will receive new shares and stay in California for at least eight years if Proposition 40 passes. Originally reported by Malay Mail.
Meta offers Zuckerberg share deal
Meta CEO Mark Zuckerberg will receive new shares and stay in California for at least eight years amid discussions of a billionaire wealth tax.
California tax vote looms
Voters in November will decide whether to approve a temporary tax on wealth held by billionaires who reside in the state.
Proposition 40 tax details
Proposition 40 could impose a one-time five percent tax on billionaires with 90 percent of proceeds earmarked for healthcare services.
Zuckerberg's share ownership
Zuckerberg owned more than 342 million Meta shares at the end of 2025, most of which are super-voting shares.
Voting power concern
Meta expressed concern that Zuckerberg’s voting power could drop to approximately 53 per cent or lower if he sells shares to pay taxes.
Deal structure
The deal allows Zuckerberg to sell shares without significantly diluting his voting power if Proposition 40 is approved.
Billionaire relocation
Some California billionaires have preemptively relocated, including Google founders Sergey Brin and Larry Page.
Nvidia CEO response
Nvidia CEO Jensen Huang said he is not afraid of paying taxes even if it means an US$8 billion tax bill.
In short
Meta CEO Mark Zuckerberg will receive new shares and stay in California for at least eight years if Proposition 40 passes.
