"In a bid to thwart California Gov. Gavin Newsom's redistricting plan favoring Democrats, Charlie Munger Jr., an heir to Berkshire Hathaway, is utilizing a portion of his late father's wealth-who had a net worth of $3 billion. Munger Jr. has spent $30 million on his campaign to oppose the redistricting. The governor's proposal, set for a Nov. 4 vote, aims to counter Texas's move to redraw maps in favor of Republicans."
"Munger Jr., a Republican, is adamantly against California's redistricting plan, which he believes undermines fair representation. California's political map reshaping could influence Congress and the 2028 presidential race, with potential implications for Newsom's expected candidacy. Munger Jr. is not alone in the fight against redistricting; billionaires Michael Moritz and Reed Hastings have reportedly supported Newsom's side. Despite the potential political ramifications, real estate experts suggest that redistricting may not significantly impact housing markets or prices in California."
Charlie Munger Jr. is using a portion of his late father's wealth to finance opposition to Gov. Gavin Newsom's proposed redistricting plan. Munger Jr. has spent $30 million on the campaign against the measure, which is scheduled for a Nov. 4 vote and is framed as a counter to Texas's Republican-favoring map redraw. The redistricting debate carries potential consequences for Congressional representation and the 2028 presidential landscape. Prominent donors on the opposing side include Michael Moritz and Reed Hastings. Real estate experts generally assess that redistricting is unlikely to materially alter California housing markets or prices.
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