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Sergey Brin Donates $102M Against California Billionaire Tax

By Drooid · Oct 23, 2026, 4:57 PM UTC · How we work

Summary

Story summary

Sergey Brin contributed $102 million to oppose California Proposition 40 billionaire wealth tax.
Billionaires have donated $293 million to defeat Proposition 40 and support competing measures 41, 42, 43.
Economists estimate the tax would raise over $100 billion, about $2,700 per Californian.
Meta created nonvoting Class C shares so Mark Zuckerberg can sell stock and remain in California for eight years.
Ninety percent of projected revenue would fund Medi-Cal, serving one-third of low-income Californians.

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Story summary

Sergey Brin contributed $102 million to oppose California Proposition 40 billionaire wealth tax.
Billionaires have donated $293 million to defeat Proposition 40 and support competing measures 41, 42, 43.
Economists estimate the tax would raise over $100 billion, about $2,700 per Californian.
Meta created nonvoting Class C shares so Mark Zuckerberg can sell stock and remain in California for eight years.
Ninety percent of projected revenue would fund Medi-Cal, serving one-third of low-income Californians.