Last updated: 2026-01-08 20:27:12 ET
The California wealth tax is a window into billionaires' risk tolerance
David Lesperance told Bloomberg he personally helped four billionaires sever California residency before the proposal’s Jan. 1 cutoff date.
The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more.
Larry Page is reportedly moving assets out of California over concern the state will vote in a tax on billionaires.
Matt Mahan, the Democratic mayor of San Jose, California, came out against a proposed ballot measure that would impose a tax on billionaires in the st...
Winston Weinberg, 30, Harvey’s co-founder and chief executive, shares the apartment with his co-founder Gabe Pereyra, 34, and another roommate.
Crypto billionaires in California are threatening to leave the state, but are they ready to make good on their promise, or is an impending wealth exod...
Jeff Bezos led the way. The Amazon founder sold 25 million shares for $5.7 billion in June and July, right around the time he was getting hitched to L...
Proposed California ballot initiative would impose a one-time 5% tax on billionaires, with the revenue funneled toward health care and education.
