"When Bloomberg TV's Ed Ludlow asked Huang about California's proposed 5% billionaire wealth tax in an interview that aired on Tuesday, Huang said that the potential levy hasn't crossed his mind once and that he is "trying to build the future of AI." "I've got to tell you, I have not even thought about it once," Huang told Ludlow. "We chose to live in Silicon Valley, and whatever taxes they would like to apply, so be it. I'm perfectly fine with it.""
"Huang is the eighth-wealthiest person in the world according to Forbes, which estimated his net worth at approximately $162.6 billion as of January 6. Most of Huang's wealth comes from his around 3% stake in Nvidia, which just showed off its new Vera Rubin chips at the Consumer Electronics Show. Based on his net worth as reported by Forbes, a 5% tax on his total wealth would amount to more than $8 billion, to be paid over five years, according to the proposed plan."
Jensen Huang said he has not thought about California's proposed 5% billionaire wealth tax and is focused on building the future of AI. He stated that he and others chose to live in Silicon Valley and are willing to accept whatever taxes are applied, citing the region's talent pool as the reason for staying. Forbes estimates Huang's net worth at about $162.6 billion, largely from his roughly 3% stake in Nvidia. A 5% tax on that net worth would exceed $8 billion paid over five years. The proposal aims to raise $100 billion from about 200 billionaires and needs 870,000 signatures.
Read at Business Insider
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