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

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Moneycontrol•07-01-2026, 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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