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. Zuckerberg’s statement has highlighted the possibility of residency changes among affected billionaires, though such moves may not absolve them of the proposed tax obligations.

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