Over $1.5 TRILLION in billionaire wealth has left California since 2019.

Major relocations include:

• Elon Musk (Tesla, X, etc.)

• Larry Ellison (Oracle)

• Drew Houston (Dropbox)

• Joe Lonsdale (Palantir/8VC)

• Larry Page (Google co-founder)

• Sergey Brin (Google co-founder)

• Peter Thiel (PayPal/Palantir)

• David Sacks (Craft Ventures)

• Don Hankey (Hankey Group)

• Lynsi Snyder (In-N-Out Burger)

• Mark Zuckerberg (Meta)

Over $1 trillion shifted out in the last 80 days since the 5% Billionaire Tax Act was proposed on November 25, 2025.

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