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Billionaires Fund Grow California to Challenge Union Power

1/31/2026

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Summary

Story summary

Chris Larsen (billionaire investor) and Tim Draper (venture capitalist) back Grow California to counter unions and support moderate candidates.
Larsen plans to contribute around $30 million to the effort amid debate over a proposed 5% wealth tax on billionaires.
Lorena Gonzalez, president of the California Federation of Labor Unions, criticized the billionaires and pledged to oppose their bid to defeat the tax.

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Story summary

Chris Larsen (billionaire investor) and Tim Draper (venture capitalist) back Grow California to counter unions and support moderate candidates.
Larsen plans to contribute around $30 million to the effort amid debate over a proposed 5% wealth tax on billionaires.
Lorena Gonzalez, president of the California Federation of Labor Unions, criticized the billionaires and pledged to oppose their bid to defeat the tax.