{"id":33837,"date":"2026-04-20T03:49:04","date_gmt":"2026-04-20T03:49:04","guid":{"rendered":"https:\/\/www.europesays.com\/people\/33837\/"},"modified":"2026-04-20T03:49:04","modified_gmt":"2026-04-20T03:49:04","slug":"nvidia-chief-jensen-huang-says-people-should-move-to-california-as-billionaire-tax-looms-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/33837\/","title":{"rendered":"Nvidia Chief Jensen Huang Says People Should \u2018Move To California\u2019 As Billionaire Tax Looms"},"content":{"rendered":"\n

Billionaire Nvidia chief Jensen Huang encouraged people on Thursday to move to California despite the Golden State\u2019s high tax rates, according to multiple<\/a> reports<\/a>, showing support for the state as a proposed billionaire tax has been blasted by some of the world\u2019s wealthiest people, some of whom have pulled away from California in recent months.<\/p>\n

\"The <\/p>\n

Huang made the comment during an event at Stanford University on Thursday. Photographer: David Paul Morris\/Bloomberg<\/p>\n

\u00a9 2026 Bloomberg Finance LP <\/p>\n

Huang, who spoke at a Stanford event alongside Rep. Ro Khanna, D-Calif., said, \u201cI say to everybody, \u2018Move to California. Don\u2019t leave. It\u2019s the highest taxes in the world, but it\u2019s okay.\u201d<\/p>\n

Huang, who said in January he \u201chadn\u2019t thought about [moving] even once,\u201d also complimented the Golden State\u2019s weather.<\/p>\n

The Nvidia chief has repeatedly backed California as a place to do business despite the state’s high taxes and a proposed wealth tax that could end up on ballots in November.<\/p>\n

The California Billionaire Tax Act proposes a 5% tax on those in the state who make over $1 billion as a way to fund the state\u2019s health care program, which is facing budget cuts<\/a> that could put Californians at risk of losing coverage.<\/p>\n

Google co-founders Sergey Brin and Larry Page moved several limited liability companies out of California last year, according to The New York Times<\/a>, which reported some of the companies were turned into Nevada entities. Forbes estimates Brin and Page\u2019s net worths at $240.5 billion and $260.7B, respectively. Oracle co-founder Larry Ellison ($179.8 billion) sold his San Francisco mansion late last year for $45 million, the San Francisco Standard<\/a> reported, noting the selling of the 11,000-square-foot home was the city\u2019s biggest deal of 2025. Ellison\u2019s official residence is now in Florida, costing him $173 million for a 16-acre, 60,000-square-foot property.<\/a><\/p>\n

We estimate Huang\u2019s net worth at $163.2 billion<\/a>, making him the seventh wealthiest person in the world behind Ellison. Huang has not contributed to or formally affiliated himself with Democrats or Republicans, though he donated<\/a> an undisclosed amount of money to the construction of President Donald Trump\u2019s $400 million White House ballroom last year.<\/p>\n

Huang told Bloomberg Television in January he was \u201cperfectly fine<\/a>\u201d with California\u2019s proposed tax on billionaires. Huang\u2019s comment was a stark contrast to other billionaires like Trump\u2019s AI czar David Sacks and venture capitalist Chamath Palihapitiya, the former of whom said<\/a> in December that \u201cSilicon Valley is finally realizing what time it is. Dinner time. And they\u2019re on the menu.\u201d Huang also told Bloomberg \u201cwe work in Silicon Valley because that\u2019s where the talent pool is.\u201d When told about billionaire reactions to the proposed tax in California, Huang suggested he was not all that concerned with it, adding, \u201cThis person\u2019s trying to build the future of AI,\u201d referring to himself.<\/p>\n","protected":false},"excerpt":{"rendered":"Billionaire Nvidia chief Jensen Huang encouraged people on Thursday to move to California despite the Golden State\u2019s high…\n","protected":false},"author":2,"featured_media":20476,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[1810,15046,544,574,813,575,2106],"class_list":{"0":"post-33837","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jensen-huang","8":"tag-billionaire","9":"tag-bloomberg-finance","10":"tag-california","11":"tag-jensen-huang","12":"tag-larry-ellison","13":"tag-nvidia","14":"tag-stanford-university"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116434997408025062","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/33837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=33837"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/33837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/20476"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=33837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=33837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=33837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}