# Zuckerberg Stays in California for Eight Years

> Zuckerberg agreed to stay in California for eight years after weighing a tax exit.
- Title: Zuckerberg Stays in California for Eight Years · BigGo Finance
- Summary: Zuckerberg agreed to stay in California for eight years after weighing a tax exit. Zuckerberg will stay in California for eight years to avoid a billionaire…
- Keywords: mark zuckerberg, meta, prop 40, california, billionaire tax, class c shares, residency commitment, finance, markets, Zuckerberg, Stays, Eight
- Source: BigGo Finance — https://finance.biggo.com/news/7339e77d-54ad-47e8-aecc-2172b5fe411a
- Author: BigGo Finance
- Published: 2026-10-22T00:05:25+00:00
- Read time: 1 min
- Topics: mark zuckerberg, meta, prop 40, california, billionaire tax, class c shares, residency commitment, finance, markets
## Zuckerberg Considers California Exit
Zuckerberg weighed leaving California over a proposed billionaire tax.

> Zuckerberg told directors he was considering leaving California over Proposition 40
## Proposition 40 Tax Details
Proposition 40 would impose a one-time 5% tax on billionaires' assets.

> Proposition 40, a one-time 5% tax on the state's billionaires
## Meta's Residency Agreement
Meta agreed to tie Zuckerberg's residency to staying near headquarters for eight years.

> Zuckerberg agreed to live where Meta is headquartered for eight years
## New Share Class Details
Meta will issue nonvoting Class C shares, one per existing share, for $20 billion liquidity.

> Meta will issue nonvoting Class C shares, one per existing share
## Tax Payment Plan
Zuckerberg can sell 20% of new shares to pay taxes, with 80% released over eight years.

> 20% of the new shares sellable for taxes and the rest released over time
## Company Benefits
The new shares raise $150 billion to fund employee pay and keep share prices stable.

> The $150 billion class also raises capital and funds employee pay
## Residency Commitment
Zuckerberg must stay near Meta's headquarters for eight years to keep share benefits.

> He agreed to live where Meta is headquartered for eight years
## Tax Impact on Meta
The tax could force Meta to face leadership issues if Zuckerberg leaves California.

> The committee cited the disruption during the pandemic when Zuckerberg could not be present
## Key takeaway

Zuckerberg will stay in California for eight years to avoid a billionaire tax, securing $20 billion liquidity.