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Silicon Valley Billionaires Rally for $1 Billion Fund Amid Tax Fears

3/13/2026

46 9 Full Breakdown

Summary

Story summary

Silicon Valley billionaires fear potential tax increases and new regulations in California.
Organizers are promoting a fund described as a long-term state endowment and aim to raise $100 million this year.
They hope to eventually secure between $500 million and $1 billion.
The plan is being discussed privately among some of the area’s wealthiest residents.

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Story summary

Silicon Valley billionaires fear potential tax increases and new regulations in California.
Organizers are promoting a fund described as a long-term state endowment and aim to raise $100 million this year.
They hope to eventually secure between $500 million and $1 billion.
The plan is being discussed privately among some of the area’s wealthiest residents.