Zuckerberg considers leaving California over proposed billionaire tax

Mark Zuckerberg, CEO of Meta , has expressed that he is contemplating relocating from California should a proposed 5% tax on billionaires be implemented. This development, reported by Bloomberg, comes as California’s Proposition 40 suggests a one-time tax on individuals with net worths exceeding $1 billion, who were residents on January 1, 2026. The potential tax liability for Zuckerberg could amount to several billion dollars, prompting his consideration of a move. The measure is currently subject to debate, with polls indicating a split among likely voters.

Source: Crypto Briefing