- Nvidia CEO Jensen Huang tells tech CEOs to stay in California
- Recent legislation could tax top earners 5%
- Huang also calms fears that AI will destroy human jobs
Nvidia CEO Jensen Huang has called on his fellow company leaders to remain in California, despite recent proposals to raise taxes on the state’s wealthiest residents.
Speaking at the Stanford Graduate School of Business, Huang explained why the state was a great place to live, noting: “I tell everyone, ‘Move to California, don’t leave.’ It’s the highest taxes in the world, but that’s okay.”
This despite recent legislation being proposed in the state that would impose heavy taxes on billionaires as part of widely sought laws to equalize America’s wealth gap.
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Pay up, Huang tells CEOs
Huang spoke with California Democratic Congressman Ro Khanna, who, along with Senator Bernie Sanders, recently introduced the “Make Billionaires Pay Their Fair Share Act.”
This bill seeks to establish a 5% annual wealth tax on the more than 1,000 billionaires based in the United States, including several technology CEOs, which will cause an exodus in California. Among those who left were Meta CEO Mark Zuckerberg, who moved to Nevada, and Google co-founders Larry Page and Sergey Brin, who moved to Florida.
Huang was recently named the eighth richest person in the world, and Bloomberg estimates his net worth at around $167 billion. This means the new bill would cost him around $8 billion, but at least for now, it’s a price Huang seems willing to pay.
In January 2026, he told Bloomberg that he was “perfectly fine” paying a billionaire tax, noting, “I haven’t thought about it once… We work in Silicon Valley because that’s where the talent pool is. We have offices all over the world. Wherever there’s talent, we have an office.”
“We choose to live in Silicon Valley and whatever taxes they want to apply, so be it.”
Huang and Khanna also talked about AI’s role in taking jobs away from humans, a topic the CEO has covered extensively in recent years.
“I think the narratives that AI destroys jobs will not help the United States,” Huang said. “First of all, it is simply false. Of course, with each technology and each passing day, the jobs of the past change.”
“The purpose of your job and the tasks you perform in your job are related but not the same,” he added. “Using myself as an example, if they were the same, then someone would observe that what Jensen really does for a living is writing and speaking. And writing and speaking have been automated to a superhuman level by AI. And yet, I’m busier than ever.”
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