“Not this person,” he said. “This person is trying to build the future of AI.”
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Moneycontrol07-01-2026, 03:08

Nvidia CEO Jensen Huang 'Perfectly Fine' with California Billionaires Tax

  • Nvidia CEO Jensen Huang supports California's proposed 5% billionaires tax, stating he's 'perfectly fine' with it.
  • Huang, the world's ninth-richest person, expressed no concern about the levy despite its potential impact on his wealth.
  • The one-time tax aims to address funding shortages for healthcare, food assistance, and education in California.
  • If passed, Huang could face a tax bill exceeding $7 billion based on his current $155.8 billion fortune.
  • Other billionaires like Peter Thiel and David Sacks have left California to avoid potential tax implications.

Why It Matters: Nvidia CEO Jensen Huang accepts California's proposed billionaires tax, contrasting with others who left the state.

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