By Mike Moore
Publication Date: 2026-04-27 13:05:00
- Nvidia CEO Jensen Huang tells tech CEOs to stay in California
- Recent legislation could tax high earners 5%
- Huang also reassures on fears AI will take human jobs
Nvidia CEO Jensen Huang has called on his fellow company leaders to stay in California, despite recent proposals to raise taxes on the state’s wealthiest residents.
Speaking at the Stanford Graduate School of Business, Huang explained why the state was such a great place to live, noting, “I say to everybody, ‘Move to California, don’t leave.’ It’s the highest taxes in the world, but it’s okay.”
This is despite recent legislation being proposed in the state which would heavily tax billionaires as part of widely called-for laws to even the wealth gap in the US.
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Pay up, Huang tells CEOs
Huang was speaking to Democratic California Congressman Ro Khanna, who along with Senator Bernie Sanders, recently introduced the “Make Billionaires Pay Their Fair Share Act.”
This bill looks to establish a 5% annual wealth tax on the more than 1,000 US-based billionaires, including several tech CEOs, leading to an exodus in California. Among those leaving were Meta CEO Mark Zuckerberg, who relocated to Nevada, and Google co-founders Larry Page and Sergey Brin, to Florida.
Huang was recently named the eighth wealthiest person in the world, with Bloomberg estimating his net worth around $167 billion. This means the new bill would cost him…
