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Meta strikes deal to keep Mark Zuckerberg in California despite wealth tax threat

The company has remade its stock structure to provide financial incentives for the CEO to remain in the state if voters pass the billionaire levy.

17 publishers · 39 articles · first seen 7 Oct 2026 · updated 14d ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

First reported by Fortune, 1h 59m ahead of the next publisher · who breaks stories first

This story has stopped developing; this page is its permanent record. More from that day

The odds

How the odds moved · Yes
0%50%100%95%23 Sept, 08:48 UTCnowNews Feed: Zuckerberg’s deal to stay in California cheered by wealth tax campaign · 23 Oct, 18:15 UTCThe Guardian US: Billionaire tax and trans rights: what are key state ballot initiatives in midterms? · 23 Oct, 10:00 UTCThe Guardian Business: Meta strikes deal with Zuckerberg to protect him from California wealth tax · 22 Oct, 10:10 UTCThe New York Times: How Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax · 22 Oct, 01:21 UTCFeed: All Latest: Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure · 21 Oct, 22:39 UTCpolitico.com: Zuckerberg considered leaving CA over wealth tax, Meta says · 21 Oct, 22:02 UTCpolitico.com: 'They’ve awakened him’: How a wealth tax fight made Brin a political force · 20 Oct, 09:00 UTCNews Feed: Wither the wealth tax? · 19 Oct, 13:00 UTCpolitico.com: California billionaire tax falling short of majority support, poll finds · 19 Oct, 12:55 UTCThe Guardian US: We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna · 19 Oct, 10:00 UTCBloomberg.com: Inside Billionaires Last-Ditch Effort to Defeat a California Wealth Tax · 16 Oct, 15:02 UTCThe Guardian Business: The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax · 16 Oct, 13:00 UTCBloomberg Markets: Billionaires Plow $300 Million Into Fight Against Wealth Tax · 15 Oct, 18:32 UTCpolitico.com: California’s 'carpet-bombed' wealth tax measure runs into a wall · 15 Oct, 12:55 UTCThe Hill News: Newsom backs California ballot measure that cancels out billionaire tax proposal · 13 Oct, 03:00 UTCNews Feed: Letter: California’s billionaire tax could do more harm than good · 13 Oct, 01:20 UTCBloomberg.com: A Conversation With Dave Regan, Leader of California’s Billionaire Tax Efforts · 9 Oct, 15:02 UTCBloomberg.com: California’s Billionaire Nemesis Plots National Wealth Tax Fight · 7 Oct, 13:45 UTCpolitico.com: Billionaires are fleeing California. The tax agency is preparing to chase them. · 7 Oct, 09:00 UTCTimes of India: Google cofounder Larry Page richest to exit California: $100bn revenue target at risk · 24 Oct, 05:56 UTCBBC News: Are California voters about to impose world's first 'tax on billionaires'? · 23 Oct, 23:11 UTCAll Content from Business Insider: Billionaires fleeing California's wealth tax could cost the state more than the levy makes, Stanford economists say · 22 Oct, 14:39 UTCQuartz: Zuckerberg weighed leaving California over billionaire tax, then struck a deal with Meta · 22 Oct, 11:50 UTCTimes of India: Google co-founder Larry Page leaves California ahead of billionaire tax vote · 22 Oct, 03:14 UTCMarketWatch: This wonky maneuver kept Mark Zuckerberg from fleeing a California billionaire tax · 22 Oct, 00:48 UTCAll Content from Business Insider: Mark Zuckerberg considered leaving California over the billionaire tax · 21 Oct, 23:13 UTCFortune: Billionaires fleeing California could turn a $30 billion tax windfall into a $39 billion loss, Stanford economists warn · 21 Oct, 20:42 UTCFortune: ‘Grow the damn economy’: Billionaire Ken Griffin warns Trump made a mistake cutting taxes as the national debt tops past $40 trillion · 21 Oct, 17:07 UTCMarketWatch: It’s not just California’s billionaire tax. Wealth is on the ballot in the midterm elections. · 20 Oct, 16:55 UTCTimes of India: Polling for bill that may push out billionaires from California nears: What data shows · 20 Oct, 09:54 UTCFortune: Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound · 20 Oct, 07:07 UTCTimes of India: Google cofounder Sergey Brin donated $100 mn but cannot cast a vote next month · 18 Oct, 06:19 UTCThe Dispatch: California’s Proposed Billionaire Tax · 16 Oct, 10:51 UTCKFF Health News: California’s Billionaire Tax Promises Healthcare Relief. The Fine Print Is Murkier. · 14 Oct, 09:00 UTCTimes of India: Sergey Brin is biggest donor against California wealth tax; could owe $13 billion · 13 Oct, 08:28 UTCFox News Politics: California faces unlikely tax revolt amid billions in illegal immigrant healthcare costs · 11 Oct, 09:00 UTCFortune: ‘Trojan horse’: California’s top 1% pay nearly half the state’s income taxes. Prop 40 opponents warn the billionaire tax could reach everyone else · 9 Oct, 16:55 UTCNational Review Podcasts: A Wealth Tax That Makes You Poorer · 7 Oct, 22:30 UTCFortune: A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax · 7 Oct, 07:01 UTC

Each tick is a source publishing on this story

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The story so far

17 publishers have covered this in 39 articles since 7 Oct 2026. Fortune published first, on 7 October at 07:01 UTC; politico.com followed 1h 59m later. The most recent article, from Times of India, appeared on 24 October at 05:56 UTC.

Outlets reporting it: politico.com (major outlet), Bloomberg.com (major outlet), News Feed (major outlet), The Hill News (major outlet), The Guardian US (major outlet), Feed: All Latest (major outlet), The New York Times (major outlet), Fortune, National Review Podcasts, Fox News Politics, Times of India, KFF Health News and 5 more, all listed under Sources below.

3 prediction markets price this story:

  • Yes — resolved “Yes” on 4 Nov 2026. The market resolves to Yes if California holds an official one-time billionaire tax ballot initiative before November 5, 2026. Otherwise, it resolves to No. Readers often mistake any proposed legislation or campaign activity for the required official ballot vote.
  • In 2026 — the market puts it at 4%, with $1.1M traded in the last 24 hours, closing 3 Nov 2027. The market resolves to Yes if a specific one-time tax on billionaires appears on a California ballot and wins voter approval. It resolves to No if that initiative fails or does not appear on the ballot. Readers often mistake general billionaire taxes for this specific ballot measure.
  • Before Jan 1, 2027 — the market puts it at 1%, with $4k traded in the last 24 hours, closing 1 Jan 2027. The outcome is Yes if California's 2026 billionaire tax becomes legally operative between now and January 1, 2027. It is No if the tax does not become legally operative within that window. Readers often mistake the news story about the campaign for proof that the tax is already in effect.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.

How it unfolded

Every source in the order it published, with the odds on Yes at that moment. A dash means the source published before we started tracking prices.

  1. FortuneA $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax96%
  2. politico.comBillionaires are fleeing California. The tax agency is preparing to chase them.96%
  3. Bloomberg.comCalifornia’s Billionaire Nemesis Plots National Wealth Tax Fight96%
  4. National Review PodcastsA Wealth Tax That Makes You Poorer96%
  5. Bloomberg.comA Conversation With Dave Regan, Leader of California’s Billionaire Tax Efforts97%▲1 points since the previous source
  6. Fortune‘Trojan horse’: California’s top 1% pay nearly half the state’s income taxes. Prop 40 opponents warn the billionaire tax could reach everyone else97%
  7. Fox News PoliticsCalifornia faces unlikely tax revolt amid billions in illegal immigrant healthcare costs97%
  8. News FeedLetter: California’s billionaire tax could do more harm than good97%
  9. The Hill NewsNewsom backs California ballot measure that cancels out billionaire tax proposal97%
  10. Times of IndiaSergey Brin is biggest donor against California wealth tax; could owe $13 billion97%
  11. Show 29 later sources
    1. KFF Health NewsCalifornia’s Billionaire Tax Promises Healthcare Relief. The Fine Print Is Murkier.97%
    2. politico.comCalifornia’s 'carpet-bombed' wealth tax measure runs into a wall98%▲1 points since the previous source
    3. Bloomberg MarketsBillionaires Plow $300 Million Into Fight Against Wealth Tax99%▲1 points since the previous source
    4. The DispatchCalifornia’s Proposed Billionaire Tax94%▼5 points since the previous source
    5. The Guardian BusinessThe ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax94%
    6. Bloomberg.comInside Billionaires Last-Ditch Effort to Defeat a California Wealth Tax94%
    7. Times of IndiaGoogle cofounder Sergey Brin donated $100 mn but cannot cast a vote next month94%
    8. The Guardian USWe must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna94%
    9. politico.comCalifornia billionaire tax falling short of majority support, poll finds94%
    10. News FeedWither the wealth tax?94%
    11. FortuneLarry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound94%
    12. politico.com'They’ve awakened him’: How a wealth tax fight made Brin a political force94%
    13. Times of IndiaPolling for bill that may push out billionaires from California nears: What data shows94%
    14. MarketWatchIt’s not just California’s billionaire tax. Wealth is on the ballot in the midterm elections.94%
    15. Fortune‘Grow the damn economy’: Billionaire Ken Griffin warns Trump made a mistake cutting taxes as the national debt tops past $40 trillion94%
    16. FortuneBillionaires fleeing California could turn a $30 billion tax windfall into a $39 billion loss, Stanford economists warn94%
    17. politico.comZuckerberg considered leaving CA over wealth tax, Meta says94%
    18. Feed: All LatestMark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure94%
    19. All Content from Business InsiderMark Zuckerberg considered leaving California over the billionaire tax94%
    20. MarketWatchThis wonky maneuver kept Mark Zuckerberg from fleeing a California billionaire tax94%
    21. The New York TimesHow Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax94%
    22. Times of IndiaGoogle co-founder Larry Page leaves California ahead of billionaire tax vote94%
    23. The Guardian BusinessMeta strikes deal with Zuckerberg to protect him from California wealth tax94%
    24. QuartzZuckerberg weighed leaving California over billionaire tax, then struck a deal with Meta94%
    25. All Content from Business InsiderBillionaires fleeing California's wealth tax could cost the state more than the levy makes, Stanford economists say94%
    26. The Guardian USBillionaire tax and trans rights: what are key state ballot initiatives in midterms?94%
    27. News FeedZuckerberg’s deal to stay in California cheered by wealth tax campaign94%
    28. BBC NewsAre California voters about to impose world's first 'tax on billionaires'?99%▲5 points since the previous source
    29. Times of IndiaGoogle cofounder Larry Page richest to exit California: $100bn revenue target at risk95%▼4 points since the previous source
  12. Market resolved: Yes

Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Zuckerberg’s deal to stay in California cheered by wealth tax campaign News Feed ·
  2. Billionaire tax and trans rights: what are key state ballot initiatives in midterms? The Guardian US ·
  3. Meta strikes deal with Zuckerberg to protect him from California wealth tax The Guardian Business ·
  4. How Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax The New York Times ·
  5. Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure Feed: All Latest ·
  6. Zuckerberg considered leaving CA over wealth tax, Meta says politico.com ·
Show 33 more sources
  1. 'They’ve awakened him’: How a wealth tax fight made Brin a political force politico.com ·
  2. Wither the wealth tax? News Feed ·
  3. California billionaire tax falling short of majority support, poll finds politico.com ·
  4. We must tax the wealth of billionaires, not just income. California can lead the way | Ro Khanna The Guardian US ·
  5. Inside Billionaires Last-Ditch Effort to Defeat a California Wealth Tax Bloomberg.com ·
  6. The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax The Guardian Business ·
  7. Billionaires Plow $300 Million Into Fight Against Wealth Tax Bloomberg Markets ·
  8. California’s 'carpet-bombed' wealth tax measure runs into a wall politico.com ·
  9. Newsom backs California ballot measure that cancels out billionaire tax proposal The Hill News ·
  10. Letter: California’s billionaire tax could do more harm than good News Feed ·
  11. A Conversation With Dave Regan, Leader of California’s Billionaire Tax Efforts Bloomberg.com ·
  12. California’s Billionaire Nemesis Plots National Wealth Tax Fight Bloomberg.com ·
  13. Billionaires are fleeing California. The tax agency is preparing to chase them. politico.com ·
  14. Google cofounder Larry Page richest to exit California: $100bn revenue target at risk Times of India
  15. Are California voters about to impose world's first 'tax on billionaires'? BBC News
  16. Billionaires fleeing California's wealth tax could cost the state more than the levy makes, Stanford economists say All Content from Business Insider
  17. Zuckerberg weighed leaving California over billionaire tax, then struck a deal with Meta Quartz
  18. Google co-founder Larry Page leaves California ahead of billionaire tax vote Times of India
  19. This wonky maneuver kept Mark Zuckerberg from fleeing a California billionaire tax MarketWatch
  20. Mark Zuckerberg considered leaving California over the billionaire tax All Content from Business Insider
  21. Billionaires fleeing California could turn a $30 billion tax windfall into a $39 billion loss, Stanford economists warn Fortune
  22. ‘Grow the damn economy’: Billionaire Ken Griffin warns Trump made a mistake cutting taxes as the national debt tops past $40 trillion Fortune
  23. It’s not just California’s billionaire tax. Wealth is on the ballot in the midterm elections. MarketWatch
  24. Polling for bill that may push out billionaires from California nears: What data shows Times of India
  25. Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound Fortune
  26. Google cofounder Sergey Brin donated $100 mn but cannot cast a vote next month Times of India
  27. California’s Proposed Billionaire Tax The Dispatch
  28. California’s Billionaire Tax Promises Healthcare Relief. The Fine Print Is Murkier. KFF Health News
  29. Sergey Brin is biggest donor against California wealth tax; could owe $13 billion Times of India
  30. California faces unlikely tax revolt amid billions in illegal immigrant healthcare costs Fox News Politics
  31. ‘Trojan horse’: California’s top 1% pay nearly half the state’s income taxes. Prop 40 opponents warn the billionaire tax could reach everyone else Fortune
  32. A Wealth Tax That Makes You Poorer National Review Podcasts
  33. A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax Fortune

Related prediction markets

Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right

  • Resolved Yes Yes 3d ago

    The market favoured Yes at 99% a day out, and it won. How often it's right

    Wrong market?

  • Kalshi In 2026 4% −16 $1.1M 24hends 3 Nov 2027

    Does the market have this right?

    Wrong market?

  • Kalshi Before Jan 1, 2027 1% −10 $4k 24hends 1 Jan 2027

    Does the market have this right?

    Wrong market?

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In this story

  • Mark Zuckerberg
  • Meta
  • California
  • Proposition 40
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