Uber Founder Travis Kalanick Becomes the Latest Billionaire To Flee California Over Wealth Tax—as He Announces Move to Texas [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
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Source: Yahoo! Finance
business interests to Texas after the Golden State threatened to impose a one-time wealth tax on its billionaire residents Kalanick, 49, who has an estimated net worth of $3.6 billion, according to Forbes , announced in a new interview with TPBN that he officially moved to the Lone Star State on Dec. 18, emphasizing his decision to leave California "prior to January." While the technology mogul—who co-founded the ride-share service Uber in 2009—did not specifically reference the state's proposed billionaire tax, the timing of his move to Austin, TX , is significant, coming exactly 14 days before the Jan. 1, 2026, cutoff date for California's ballot measures targeting its richest residents. "Just to be clear, on December 18, I moved to Texas. I don't know what's so specific about December 18, but let's just say it's prior to January," Kalanick explained. He went on to note that he has owned a property on Lake Austin for around five years now, but stated that he has now become a
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