From 24/7 Wall St. · AJ Tiarsmith · · 1m
Billionaires Flee California Tax Bill
Larry Page, Sergey Brin, and Peter Thiel left California before billionaire tax. Nvidia CEO Jensen Huang accepts $8 billion bill.
In brief
Larry Page, Sergey Brin, and Peter Thiel left California before billionaire tax. Nvidia CEO Jensen Huang accepts $8 billion bill. Larry Page, Sergey Brin, and Peter Thiel fled California before a billionaire tax measure. Nvidia CEO Jensen Huang accepts a potential $8 billion tax bill. Originally reported by 24/7 Wall…
Who Fled California
Larry Page, Sergey Brin, and Peter Thiel moved to end California residency before tax snapshot.
California Tax Measure
California voters decide on a one-time 5% billionaire wealth tax in November 2026.
Nvidia CEO's Stance
Jensen Huang welcomed a potential $8 billion tax bill from California.
Who Left Before Snapshot
At least six billionaires publicly cut ties with California before the cutoff date.
Huang's Tax View
Huang called paying $8 billion over five years a privilege and responsibility.
Tax Impact
The tax could raise $40 billion after 30% of billionaires left before the vote.
The headline
Larry Page, Sergey Brin, and Peter Thiel fled California before a billionaire tax measure. Nvidia CEO Jensen Huang accepts a potential $8 billion tax bill.
