7 hours ago · Peter Thiel donated $3 million to a committee opposing California’s proposed wealth tax, according to a new disclosure. Credit...Marco Bello/Getty

2 days ago · It is designed as a one-time, 5 per cent wealth tax on individuals in California with a net worth of $1bn or more.

2 days ago · Wealthy residents in California are leaving the Golden State in anticipation of a ballot measure that would tax their wealth.

4 days ago · January 8, 2026 Billionaires Are Exiting California Ahead of a Possible New Wealth Tax The measure would cause a 5 percent levy on those with a net worth in the 10 digits.

7 hours ago · More large donations from wealthy Silicon Valley figures are expected as they try to marshal opposition to a proposed ballot measure that would impose a new tax on billionaires. …

The threat of a steep new wealth tax in California has reportedly prompted at least six billionaires including Larry Page and Peter Thiel to cut their ties with the state — and as many as 20 ...

Dec 27, 2025 · What Is California’s Billionaire Tax Bill? The “ 2026 Billionaire Tax Act ” would tax California residents whose net worth exceeds $1 billion up to 5% of their assets, and those with at...