The Latest Breaking News from Sergey Brin

Meet the Six Billionaires Hit by $130B Wipeout as Musk Loses More Than the Other Five Combined

The six richest individuals lost an estimated $130bn in paper wealth as technology shares fell, with investors questioning whether heavy artificial intelligence spending will deliver sufficient returns.

International Business Times UK · Oct 23

Mark Zuckerberg makes deal with Meta to help him pay billionaire tax if it passes

Mark Zuckerberg has made a deal to manage potential tax liabilities from a proposed wealth tax in California. The tax would impose a one-time 5 percent charge on billionaires' net worth. Zuckerberg's agreement allows him to maintain ownership of Meta while selling non-voting shares to finance his tax obligations. Proponents…

The Economic Times · Oct 23

Meta Approves New Non-Voting Stock Class Worth Billions to Zuckerberg — But the Real Price Was an 8-Year Residency Cage

Is Meta's new share class a gift to billionaire CEO Mark Zuckerberg from shareholders? Here's what California's wealth tax has to do with it.

Barchart · Oct 22

Billionaires fleeing California could turn a $30 billion tax windfall into a $39 billion loss, Stanford economists warn

Departures have already erased nearly 30% of Prop 40’s tax base, a new NBER paper estimates. The tax’s architects say the math assumes losses that won’t last.

Fortune · Oct 21

As billionaires fight a tax hike, Jensen Huang says paying $8 billion is a ‘privilege’: ‘I’m just afraid of being poor’

As billionaires flee the Golden State, the Nvidia cofounder says he’s happy to stay put and share the spoils of his success: “I am the ultimate American Dream.”

Fortune · Oct 20

California’s proposed 5% billionaire tax could raise $100 billion for healthcare. But Elon Musk warns it could reach ‘everyone’

Billionaires aren't thrilled.

We Got This Covered · Oct 20

Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound

The Google cofounder started cutting ties with the state last year. Californians vote Nov. 3 on whether to tax their billionaires.

Fortune · Oct 20

The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax

Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education

The Guardian - US · Oct 16

Sergey Brin Is Spending Millions to Stop California's Proposed Billionaire Tax—Here's What's at Stake

Google co-founder Sergey Brin gives $102M to oppose California's Proposition 40 billionaire tax, which could leave him with an estimated $13B bill.

International Business Times UK · Oct 14

Satya Nadella went from H-1B worker to Microsoft CEO. The Trump administration just shut that path for his employees

Vice President JD Vance accused Microsoft of replacing laid-off Americans with “foreign indentured servants” and suspended it from the PERM green card program

Fortune · Oct 12