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Fortune
Fortune
Mia Osmonbekov

A consultant who once railed against ‘the billionaire boys club’ is now leading opposition to California’s wealth tax

newsom (Credit: Tayfun CoÅkun/Anadolu via Getty Images)

The consultant who once warned that California’s richest poured millions into politics because they had something to gain is now helping billionaires fight a tax on their fortunes.

Ned Wigglesworth, who decried the “billionaire boys’ club of politics” as a campaign finance reformer decades ago, is a key strategist behind Building a Better California, the political organization opposing Proposition 40, the November ballot measure that would impose a one-time 5% tax on Californians worth at least $1 billion.

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