Tuesday, 13 October

Tuesday, 13 October, 2026

Billionaire’s Heavy Bet: Sergey Brin Pours $102M to Block California Wealth Tax

By TechShots Studio
Billionaire’s Heavy Bet: Sergey Brin Pours $102M to Block California Wealth Tax
Google co-founder Sergey Brin has emerged as the largest donor against California’s proposed wealth tax, contributing $102 million to defeat a ballot measure that could cost him a staggering $13 billion. Driven by fears of excessive taxation, high-profile tech figures like Brin and former CEO Eric Schmidt are heavily funding political opposition, with many wealthy tech leaders already relocating assets out of the state.

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