Nvidia's Jensen Huang would have to pay about $8 billion in proposed billionaire tax—he says that's 'perfectly fine' with him

Jensen Huang seems unfazed by the prospect of a potential $7.75 billion tax bill.

That’s how much the Nvidia CEO could end up owing the state of California if a proposed ballot measure succeeds in implementing a one-time 5% wealth tax on the state’s billionaires. Huang, whose $155 billion net worth makes him the world’s ninth-wealthiest person — according to a Jan. 6 Bloomberg estimate — would be “perfectly fine” with that outcome, he told Bloomberg Television on Tuesday.

“I’ve got to tell you, I have not even thought about it once,” said Huang, 62, when asked if the proposed tax concerns him. “We chose to live in Silicon Valley, and whatever taxes they would like to apply, so be it. I’m perfectly fine with it.”

The ballot initiative, proposed in November by a healthcare workers’ union and championed by lawmakers including Rep. Ro Khanna, D-Calif., and Sen. Bernie Sanders, I-Vt., would levy a 5% tax on the total assets of anyone with a net worth exceeding $1.1 billion who resided in California as of the start of 2026. The initiative would direct the tax funds to California’s health care budget — which faces a significant shortfall following federal spending cuts — and public school and food assistance programs.