# Meta's Share Deal with Zuckerberg to Cover Wealth Tax Bill

> Meta's share deal with Zuckerberg aims to keep him in California for eight years to avoid potential multibillion-dollar wealth tax.
- Title: Meta's Share Deal with Zuckerberg to Cover Wealth Tax Bill
- Summary: Meta's share deal with Zuckerberg aims to keep him in California for eight years to avoid potential multibillion-dollar wealth tax. Meta has created a share…
- Keywords: meta, zuckerberg, california, wealth tax, proposition 40, class c shares, net worth, news, india, Meta's, Share, Deal
- Source: mint — https://livemint.com/companies/news/metas-share-deal-with-zuckerberg-aims-to-cover-potential-multibillion-dollar-wealth-tax-bill-how-it-works-11792631806060.html
- Author: Sanchari Ghosh
- Published: 2026-10-22T02:00:23+00:00
- Read time: 1 min
- Topics: meta, zuckerberg, california, wealth tax, proposition 40, class c shares, net worth, news, india
## Meta and Zuckerberg Deal
Meta has struck a deal with CEO Mark Zuckerberg to keep him in California for eight years if he continues in a full-time leadership role.
## Proposition 40 Tax Proposal
California plans a one-time 5% wealth tax on billionaires with net worth over $1 billion, effective if voters approve it in november.
## Zuckerberg's Net Worth
Zuckerberg's net worth stands at $247 billion, with super-voting shares giving him over 60% control of meta.
## Class C Shares Structure
Meta is issuing Class C shares with no voting rights, allowing zuckerberg to sell 20% immediately while restrictions lapse over eight years.
## Tax Impact on Zuckerberg
Zuckerberg could face a potential $8 billion tax bill if california's wealth tax is approved, but he may stay in the state.
## Meta's Reason for Deal
Meta's special committee says keeping zuckerberg at headquarters is critical for ai development amid competition.
## Why Meta Wants Zuckerberg to Stay
Meta's CFO Susan Li says the new shares will fund ai ambitions without diluting existing voting power.
## Key takeaway

Meta has created a share deal with Zuckerberg to stay in California for eight years to avoid a proposed 5% wealth tax on billionaires.