Archive · 8 Jan 2026
Nvidia CEO Supports California Billionaire Tax
Nvidia's CEO, Jensen Huang, who is one of the richest people in the world, said he doesn't mind a new tax that California is thinking about.
This tax would take 5% of the money from people who have more than $1 billion.
Huang said he's fine with it because he likes living and working in Silicon Valley.
The tax money would be used to help people with healthcare, education, and food.
Some other rich people in California are not happy about this tax and might move away.
Huang, though, is focused on his company and making new technology.
Nvidia CEO Jensen Huang supports California's proposed 1-time 5% wealth tax on billionaires.
Huang's net worth is over $160 billion, primarily from his stake in Nvidia.
The tax aims to raise $100 billion over 5 years for healthcare, education, and food assistance.
Huang's stance contrasts with other tech leaders who criticize the tax and consider leaving California.
The proposal needs 870,000 signatures to qualify for the November 2026 ballot.
- Who
- Nvidia CEO Jensen Huang, California billionaires, SEIU-United Healthcare Workers West
- What
- Proposed 1-time 5% wealth tax on individuals with net worth over $1 billion
- When
- Proposed for November 2026 ballot
- Where
- California, USA
- Why
- To fund healthcare, education, and food assistance programs
- Proposed Tax Rate
- 1-time 5%
- Net Worth Threshold
- Over $1 billion
- Estimated Revenue
- $100 billion over 5 years
- Jensen Huang's Net Worth
- Over $160 billion
- Huang's Stake in Nvidia
- Roughly 3%
- Proposed Tax Purpose
- Fund healthcare, education, and food assistance
- Signature Requirement
- 870,000 signatures for 2026 ballot
