New York —
Nvidia CEO Jensen Huang, who has a net worth estimated at roughly $200 billion, was recently asked about California’s wealth tax proposal that has some billionaires riled up.
“It’s fine,” he said. “I never once thought about it.”
Many billionaires are frustrated over blue states’ and cities’ attempts to raise taxes on the superrich. Silicon Valley titans Sergey Brin and Peter Thiel are spending millions to fight California’s proposal. Financier Ken Griffin called Mayor Zohran Mamdani using Griffin’s Manhattan penthouse as the backdrop for his video proposing a pied-à-terre tax “shameful.” Steven Roth, CEO of real estate giant Vornado, compared calls to tax the rich to a racial epithet.
But Huang represents a segment of the superrich who are telling their fellow billionaires to get over it. Paying taxes is a “way of giving back,” he said. He joked that the money should go to fix a specific pothole on Route 101.
