# Meta gives Zuckerberg shares to keep him in California

> Meta strikes a deal offering non-voting shares to Mark Zuckerberg to prevent him leaving California over a proposed wealth tax on billionaires.
- Title: Meta gives Zuckerberg shares to keep him in California
- Summary: Meta strikes a deal offering non-voting shares to Mark Zuckerberg to prevent him leaving California over a proposed wealth tax on billionaires. Meta offered…
- Keywords: meta platforms, mark zuckerberg, california, proposition 40, wealth tax, non-voting shares, news, politics, Meta, gives, Zuckerberg, shares
- Source: Daily Maverick — https://dailymaverick.co.za/article/2026-10-22-meta-strikes-deal-to-keep-zuckerberg-in-california-after-wealth-tax-concerns
- Author: Reuters
- Published: 2026-10-22T04:50:55+00:00
- Read time: 1 min
- Topics: meta platforms, mark zuckerberg, california, proposition 40, wealth tax, non-voting shares, news, politics
## Zuckerberg threatened to leave California
Mark Zuckerberg told Meta he was considering moving his primary residence outside California because Proposition forty, a ballot measure imposing a one-time five percent tax on the state's billionaires, could expose him to massive tax…

> considering moving his primary residence outside California because Proposition 40, a ballot measure dubbed the "California wealth tax", could expose him to a massive tax liability
## Meta's deal keeps Zuckerberg in state
Under the deal, Zuckerberg will receive non-voting shares he can sell to potentially foot a multi-billion-dollar tax bill, in exchange for committing to remain a resident of California, or wherever Meta maintains its headquarters, for…
## Zuckerberg can sell shares without losing control
Zuckerberg, who has a net worth of about two hundred forty billion dollars, can immediately sell twenty percent of the Class C shares he receives, representing ten percent of his overall economic stake in the…
## Meta says Zuckerberg's leadership is critical
Meta's board concluded it was critically important that Zuckerberg remain in a leadership role and continue to manage the company from its California headquarters, particularly during unprecedented challenge and competition in the industry driven by…

> critically important
## Key takeaway

Meta offered Mark Zuckerberg non-voting shares he can sell to pay potential taxes, securing his commitment to remain in California for eight years amid concerns over Proposition forty.