Jensen Huang tells CEOs 'don't leave' California Nvidia CEO says he's fine paying the highest taxes in the world'

Date:
Mon, 27 Apr 2026 13:05:00 +0000

Description:
As tech CEOs flee California to avoid higher taxes, Nvidia CEO Jensen Huang says he doesn't mind paying.

FULL STORY ======================================================================Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Tech Radar Pro Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Become a Member in Seconds Unlock instant access to exclusive member features. Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over. You are
now subscribed Your newsletter sign-up was successful Join the club Get full access to premium articles, exclusive features and a growing list of member rewards. Explore An account already exists for this email address, please log in. Subscribe to our newsletter Nvidia CEO Jensen Huang tells tech CEOs to stay in California Recent legislation could tax high earners 5% Huang also reassures on fears AI will take human jobs Nvidia CEO Jensen Huang has called on his fellow company leaders to stay in California, despite recent proposals to raise taxes on the states wealthiest residents.

Speaking at the Stanford Graduate School of Business, Huang explained why the state was such a great place to live, noting, I say to everybody, Move to California, dont leave. Its the highest taxes in the world, but its okay.
This is despite recent legislation being proposed in the state which would heavily tax billionaires as part of widely called-for laws to even the wealth gap in the US. Article continues below You may like Nvidia CEO Jensen Huang says we dont need to fear AI Nvidia CEO Jensen Huang warns of "enormous"
China compute capacity Its nonsense: Jensen Huang says reports of friction between Nvidia and OpenAI are false Pay up, Huang tells CEOs Huang was speaking to Democratic California Congressman Ro Khanna, who along with Senator Bernie Sanders, recently introduced the Make Billionaires Pay Their Fair Share Act.

This bill looks to establish a 5% annual wealth tax on the more than 1,000 US-based billionaires, including several tech CEOs, leading to an exodus in California. Among those leaving were Meta CEO Mark Zuckerberg, who relocated to Nevada, and Google co-founders Larry Page and Sergey Brin, to Florida.

Huang was recently named the eighth wealthiest person in the world, with Bloomberg estimating his net worth around $167 billion. This means the new bill would cost him around $8 billion, but for now at least, it's a price Huang seems willing to pay.

In January 2026, he told Bloomberg he was perfectly fine paying a tax on billionaires, noting, I havent thought about it even once...We work in
Silicon Valley because thats where the talent pool is. We have offices all over the world. Wherever theres talent, we have an office. Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get
all the top news, opinion, features and guidance your business needs to succeed! Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors By submitting
your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

We chose to live in Silicon Valley, and whatever taxes they would like to apply, so be it.

Huang and Khanna also spoke about the role of AI taking jobs from humans, a theme the CEO has covered extensively in recent years .

I think the narratives of AI destroying jobs is not going to help America, Huang said. First of all, its just false. Of course, with every technology, and every single day that goes by, jobs of the past are changed.

The purpose of your job and the tasks that you do in your job are related but not the same, he added. Using myself as an example, if they were the same, then somebody would observe that what Jensen does really for a living is typing and talking. And typing and talking have both been automated to a superhuman level by AI. And yet Im busier than ever."

Via Fortune U.S. Leadership in AI with Jensen Huang, Founder and CEO of NVIDIA, and Congressman Ro Khanna - YouTube Watch On Follow TechRadar on Google News and add us as a preferred source to get our expert news, reviews, and opinion in your feeds.



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