Mark Zuckerberg threatened to flee California over a proposed billionaire tax, but now he’s found a creative way to protect his multibillion-dollar fortune.
The Meta boss, worth an estimated $246 billion, has struck a deal that would let him sell a chunk of his shares while retaining his iron hold over the company, provided he commits to staying in California for eight years.
The arrangement comes as the Golden State prepares to vote on a controversial proposal that could see its wealthiest residents hit with a one-time levy on their fortunes.
The measure, known as Proposition 40, would impose a five percent tax
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