Zuckerberg Weighed Leaving California Over Proposed Billionaire Wealth Tax, Then Struck Meta Deal
Meta CEO Mark Zuckerberg reportedly considered selling his $110 million home in Palo Alto and moving out of California in response to a proposed 5% tax on billionaire wealth. Instead, he reached an eight-year arrangement with Meta that keeps him in California or wherever the company is headquartered. The deal grants him non-voting shares that could help pay a potentially multibillion-dollar tax bill. Under the arrangement, his voting control over the company remains intact.
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