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On October 21, 2026, Nvidia CEO Jensen Huang said that paying $8 billion in taxes over five years is a "privilege." He said he is not afraid of paying taxes, only of becoming poor. Related reports mention that California is currently in a battle over Prop 40, a one-time 5% tax on residents with assets over $1 billion, and that some tech billionaires have moved out; Huang publicly called for people to "move to California, don't leave," and opposed taxes on robots and AI tokens. Currently, this statement is reported by a single source, and there have been no subsequent developments of fact.
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Jensen Huang says paying $8 billion in taxes over five years is a privilege
Source:Fortune Tech
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Oct 21
Fortune Tech
Billionaires Oppose California Tax Increase, Jensen Huang Says Paying $8 Billion in Taxes Over Five Years Is a "Privilege"
Nvidia CEO Jensen Huang said that paying $8 billion in taxes over five years is a "privilege," and that he isn't afraid of paying taxes—only of becoming poor. As California battles over Prop 40, a one-time 5% tax on residents with assets over $1 billion, and some tech billionaires move out, he publicly called on people to "move to California, don't leave." He also opposes taxing robots and AI tokens.