{"id":280743,"date":"2026-04-22T19:49:15","date_gmt":"2026-04-22T19:49:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/280743\/"},"modified":"2026-04-22T19:49:15","modified_gmt":"2026-04-22T19:49:15","slug":"tech-billionaire-tells-people-to-stay-in-california","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/280743\/","title":{"rendered":"Tech billionaire tells people to stay in California"},"content":{"rendered":"

Nvidia CEO Jensen Huang<\/a> doubled down on living in California again last week.\u00a0<\/p>\n

At a Stanford Graduate School of Business<\/a> 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\u2019s leadership in artificial intelligence and threw in a plug for California about halfway through the hourlong conversation. \u201cI say to everybody, \u2018Move to California. Don\u2019t leave. It\u2019s the highest taxes in the world, but it\u2019s OK,\u2019\u201d\u00a0Huang said.<\/p>\n

\u201cThe weather is great,\u201d Huang added.<\/p>\n

Huang\u2019s comments came right after Khanna addressed the fear that AI would take jobs away from humans. \u201cI think the narratives of AI destroying jobs is not going to help America,\u201d Huang said.\u00a0<\/p>\n

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.\u00a0<\/p>\n

Many California billionaires have made headlines in recent months, as a proposed billionaire tax has riled up the state\u2019s ultra-wealthy. Some uber-rich Californians have made moves to establish a residence outside the state, including Meta\u2019s Mark Zuckerberg, who bought a property in Florida<\/a>. Meanwhile, others are opening new out-of-state offices; Google founders Larry Page and\u00a0Sergey Brin have moved some entities out of state, and prominent investor Peter Thiel opened an office in Miami.<\/p>\n

Huang has previously said he wouldn\u2019t move if the tax passed. \u201cWe chose to live in Silicon Valley, and whatever taxes, I guess, they would like to apply, so be it,\u201d Huang told Bloomberg<\/a> in a January interview. \u201cYou know, I\u2019m perfectly fine with it. It didn\u2019t \u2014 it never crossed my mind once.\u201d<\/p>\n

Huang\u2019s net worth is around $174 billion, according to Forbes<\/a>, making him the eighth richest person in the world. As SFGATE previously reported<\/a>, that would mean an approximately $8 billion payment from Huang \u2014 whose net worth was $155 billion back in January, according to Bloomberg \u2014 to California, which would leave him with over $140 billion left over, an amount that exceeds the gross domestic product of many countries.<\/p>\n

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\u2019s net worth would fund health services. It would hinge on billionaires who are residents as of Jan. 1.<\/p>\n

Huang has a massive following as the founder and CEO of what\u2019s often called the world\u2019s most valuable company. At Nvidia\u2019s annual conference in March, a green sweater with a cartoon Huang on the front was selling for $178 and was dubbed the conference\u2019s \u201cmust-have item\u201d by the Wall Street Journal<\/a>. One San Francisco software engineer described him as the \u201cTaylor Swift of Silicon Valley,\u201d the outlet reported.<\/p>\n","protected":false},"excerpt":{"rendered":"Nvidia CEO Jensen Huang doubled down on living in California again last week.\u00a0 At a Stanford Graduate School…\n","protected":false},"author":2,"featured_media":280744,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,3099,1976],"class_list":{"0":"post-280743","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-california","9":"tag-california-headlines","10":"tag-california-news","11":"tag-sfgcalifornia","12":"tag-sfgtech"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/280743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=280743"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/280743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/280744"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=280743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=280743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=280743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}