Nvidia CEO Jensen Huang says he has no issue with California’s proposed billionaire wealth tax, even as many other tech leaders speak out against it.
In an interview with Bloomberg TV, Huang said the idea of a 5% wealth tax hasn’t concerned him, adding that his focus is on building the future of AI, not worrying about potential levies. “Whatever taxes they would like to apply, so be it. I’m perfectly fine with it,” he said, explaining that Nvidia remains in Silicon Valley because of the region’s unmatched talent pool.
The proposed tax would target around 200 California billionaires and is expected to raise about $100 billion over five years to help fund healthcare, education, and social programs. Based on Huang’s estimated net worth, the plan could cost him more than $8 billion if approved.
While some tech figures, including Palmer Luckey and David Sacks, have openly criticized the proposal, Huang stands apart in his acceptance. Others, such as Google cofounder Larry Page, have reportedly begun shifting assets out of California to reduce potential exposure.
The measure is still far from becoming law and would need to clear multiple hurdles before appearing on the 2026 ballot. For now, Huang’s stance marks a rare show of support for the controversial idea among Silicon Valley’s wealthiest leaders.