GoKawiilZuckerberg Commits to Eight Years in California, Risking Billions Under Prop 40
A Meta regulatory filing reveals Mark Zuckerberg agreed to remain a California resident for eight years, even though a ballot measure could impose a one-time 5% tax on billionaires' assets starting January 2026. Zuckerberg had considered moving, listing his Palo Alto home for sale and buying property in Florida, before Meta's special board committee negotiated the residency commitment tied to his ability to sell a new class of non-voting shares.