Nvidia CEO Jensen Huang doubled down on living in California again last week.
At a Stanford Graduate School of Business talk in April, Huang joined U.S. Rep. Ro Khanna and former U.S. National Security Adviser H.R. McMaster to talk about the country’s leadership in artificial intelligence and threw in a plug for California about halfway through the hourlong conversation. “I say to everybody, ‘Move to California. Don’t leave. It’s the highest taxes in the world, but it’s OK,’” Huang said.
“The weather is great,” Huang added.
Huang’s comments came right after Khanna addressed the fear that AI would take jobs away from humans. “I think the narratives of AI destroying jobs is not going to help America,” Huang said.
The majority of jobs at artificial intelligence companies are in the Bay Area, so the plug was likely aimed at tech workers looking to move to and or stay in the Golden State.
Many California billionaires have made headlines in recent months, as a proposed billionaire tax has riled up the state’s ultra-wealthy. Some uber-rich Californians have made moves to establish a residence outside the state, including Meta’s Mark Zuckerberg, who bought a property in Florida. Meanwhile, others are opening new out-of-state offices; Google founders Larry Page and Sergey Brin have moved some entities out of state, and prominent investor Peter Thiel opened an office in Miami.
Huang has previously said he wouldn’t move if the tax passed. “We chose to live in Silicon Valley, and whatever taxes, I guess, they would like to apply, so be it,” Huang told Bloomberg in a January interview. “You know, I’m perfectly fine with it. It didn’t — it never crossed my mind once.”
Huang’s net worth is around $174 billion, according to Forbes, making him the eighth richest person in the world. As SFGATE previously reported, that would mean an approximately $8 billion payment from Huang — whose net worth was $155 billion back in January, according to Bloomberg — to California, which would leave him with over $140 billion left over, an amount that exceeds the gross domestic product of many countries.
The proposed tax has not yet qualified for the ballot. In its current iteration, funds from the one-time tax amounting to 5% of a billionaire’s net worth would fund health services. It would hinge on billionaires who are residents as of Jan. 1.
Huang has a massive following as the founder and CEO of what’s often called the world’s most valuable company. At Nvidia’s annual conference in March, a green sweater with a cartoon Huang on the front was selling for $178 and was dubbed the conference’s “must-have item” by the Wall Street Journal. One San Francisco software engineer described him as the “Taylor Swift of Silicon Valley,” the outlet reported.