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Billionaire Sergey Brin Gives $20 M to Block Proposition 40

8/12/2026

Summary

Story summary

Google co-founder Sergey Brin donated $20 million to Build a Better California, raising his total gifts to over $100 million to dodge the $13.3 billion liability of Proposition 40.
Governor Gavin Newsom (D-CA) opposes Proposition 40, urges a billionaire tax, and says workers already pay higher rates than heiresses.
Nvidia co-founder Jensen Huang told Bloomberg he is “perfectly fine” paying an $8 billion tax, while Build a Better California has drafted measures to block Proposition 40.

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Story summary

Google co-founder Sergey Brin donated $20 million to Build a Better California, raising his total gifts to over $100 million to dodge the $13.3 billion liability of Proposition 40.
Governor Gavin Newsom (D-CA) opposes Proposition 40, urges a billionaire tax, and says workers already pay higher rates than heiresses.
Nvidia co-founder Jensen Huang told Bloomberg he is “perfectly fine” paying an $8 billion tax, while Build a Better California has drafted measures to block Proposition 40.