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Meta agrees to let Mark Zuckerberg remain in California amid proposed billionaire wealth tax

Meta agrees to let Mark Zuckerberg remain in California amid proposed billionaire wealth tax

Mark Zuckerberg has reached an agreement with Meta to remain in California after raising the possibility of leaving the state amid concerns over a proposed billionaire wealth tax.Zuckerberg, Meta's CEO, previously told the company he was considering moving his primary residence outside California because of Proposition 40, a ballot initiative that would impose a one-time tax equal to 5% of net worth on billionaires who were California residents on Jan. 1, 2026, if approved.Under the agreement, Zuckerberg will receive non-voting shares that he could sell to help cover a potential wealth tax bil...

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