# Zuckerberg Threatens to Leave California Over Billionaire Tax

> Meta CEO Mark Zuckerberg threatens to dump $110M California home if state passes 5% billionaire wealth tax.
- Title: Zuckerberg Threatens to Leave California Over Billionaire Tax
- Summary: Meta CEO Mark Zuckerberg threatens to dump $110M California home if state passes 5% billionaire wealth tax. Zuckerberg plans to move out of California by…
- Keywords: mark zuckerberg, meta, california, prop 40, wealth tax, billionaire tax, palo alto, seahawks, news, entertainment, Zuckerberg, Threatens
- Source: California Post — https://nypost.com/2026/10/21/tech/mark-zuckerberg-threatened-to-move-out-of-california-over-billionaire-tax-meta-filing
- Published: 2026-10-21T23:08:49+00:00
- Read time: 1 min
- Topics: mark zuckerberg, meta, california, prop 40, wealth tax, billionaire tax, palo alto, seahawks, news, entertainment
## Zuckerberg's Threat to Move
Meta CEO Mark Zuckerberg threatened to dump his $110 million Palo Alto home if California passes Prop. 40, a 5% wealth tax on billionaires.

> Mr. Zuckerberg noted that he has taken only a $1 annual salary since 2013 for serving as the Company’s Chief Executive Officer
## Tax Impact on Zuckerberg
Zuckerberg's $250 billion net worth could face a $12.5 billion tax bill under Prop. 40, risking loss of voting control in Meta.

> the tax liability could be large enough to reduce his voting interest in the Company to approximately 53%
## Timeline of Threats
Zuckerberg demanded revised compensation by August 3 to boost liquidity if Prop. 40 passes, aiming to move by mid-October.

> he would need to begin taking steps by mid-September in order to establish residency outside California by mid-October
## Prop. 40 Details
Prop. 40 is a 5% wealth tax on billionaires, with 46% of voters supporting it in recent polls but falling short of majority.

> 46% of voters backing the tax in one poll released this week, and 43% of respondents against it
## Meta's Response
Meta plans to spin out new Class C shares to ensure Zuckerberg remains in leadership despite potential tax impacts.

> the company detailed a recapitalization and dividend plan intended to ensure Zuckerberg remains in leadership
## Zuckerberg's Residency Plan
Zuckerberg intends to remain in California or any jurisdiction where Meta is headquartered unless material unforeseen circumstances arise.

> Zuckerberg has agreed to remain a resident of California or any other jurisdiction in which the Company maintains its corporate headquarters
## Next Steps
Zuckerberg plans to move out of California by mid-October if Prop. 40 passes, potentially triggering a leadership shift at Meta.

> he would need to begin taking steps by mid-September in order to establish residency outside California by mid-October
## Key takeaway

Zuckerberg plans to move out of California by mid-October if Prop. 40 wealth tax takes effect, risking loss of voting control in Meta.