Chamath Palihapitiya? Sri Lankan-born billionaire thinking of leaving California for Texas

Jan 2, 2026 - 05:30
Chamath Palihapitiya? Sri Lankan-born billionaire thinking of leaving California for Texas

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Chamath Palihapitiya is seriously considering a move away from California, prompted by emerging tax regulations. This decision echoes a growing sentiment among affluent entrepreneurs who are increasingly wary of the state's economic environment, particularly in light of a proposed 5% wealth tax on fortunes exceeding $1 billion.

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