Nvidia CEO Jensen Huang Could Owe $8B Under California's 5% Billionaire Tax — But Says 'I Haven't Thought About It Even Once'

A projected wealthiness taxation successful California has renewed questions astir whether billionaires mightiness reconsider wherever they unrecorded and companies take to build.

In a caller Bloomberg interview, Nvidia (NASDAQ:NVDA) CEO Jensen Huang said helium has not fixed the connection immoderate thought, adjacent though the taxation could outgo him astir $8 cardinal if it becomes law.

"I haven't thought astir it adjacent once," Huang said. "We enactment successful Silicon Valley due to the fact that that's wherever the endowment excavation is."

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The comments came during a Bloomberg interrogation featuring Siemens CEO Roland Busch, wherever some executives discussed however artificial quality is moving from experimentation into mill operations.

The "2026 Billionaire Tax Act" would enforce a one-time 5% taxation connected California residents with nett worths supra $1 billion. Proponents accidental the taxation measurement would impact astir 200 billionaires successful the authorities and could make important gross if approved.

Venture capitalist Peter Thiel has explored spending much clip extracurricular California and opening an bureau elsewhere for his idiosyncratic concern firm, The New York Times reported. The paper besides reported that Google co-founder Larry Page has considered leaving the authorities by the extremity of the year, citing radical acquainted with the matter.

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The study drew a effect from Rep. Ro Khanna (D-CA), who represents portion of Silicon Valley. Sharing the nonfiction connected X, Khanna echoed a enactment attributed to President Franklin Roosevelt, who utilized the remark to respond to affluent critics of New Deal-era taxation policies: "I volition miss them precise much."

If the connection becomes law, Huang would not beryllium the lone Nvidia enforcement affected. According to the Bloomberg Billionaires Index, Nvidia Chief Financial Officer Colette Kress and Executive Vice President of Worldwide Field Operations Jay Puri crossed the $1 cardinal nett worthy people successful July, mostly owed to their equity holdings benefiting from Nvidia's banal rally during the archetypal fractional of 2025.

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Busch told Bloomberg that AI is already being utilized connected mill floors, with manufacturers applying integer twins and simulation tools to plan and trial systems earlier gathering them physically. "This exertion is already successful spot and it's working," Busch said.