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● LIVE Updated 4h ago · 16 sources tracked

Zuckerberg makes deal with Meta to help him pay billionaire tax if it passes

Mark Zuckerberg has made a deal with Meta to help him pay a proposed California tax on billionaires. The deal allows him to keep his ownership stake in the company while paying the tax. Zuckerberg had considered leaving California over the proposed wealth tax. The deal was made with Meta's board to shield him from the tax without losing control of the company.

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  • ✓ Mark Zuckerberg made a deal with Meta to help him pay a proposed California tax on billionaires.
  • ✓ The deal allows Zuckerberg to keep his ownership stake in Meta while paying the tax.
  • ✓ Zuckerberg had considered leaving California over the proposed wealth tax.
  • ✓ The proposed California billionaire tax is a one-off 5% wealth tax on billionaires.
🛡️ Source Corroboration: 16 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

Meta's board agreed to a stock split deal that will help Mark Zuckerberg pay the proposed California billionaire tax without losing control of the company.

Live updates

  1. Zuckerberg makes deal with Meta on California billionaire tax

    Mark Zuckerberg has made a deal with Meta to help him pay a proposed California tax on billionaires. The deal allows him to keep his ownership stake in the company while paying the tax. Zuckerberg had considered leaving California over the proposed wealth tax. The deal was made with Meta's board to shield him from the tax without losing control of the company.

    Why it matters

    The proposed California billionaire tax is a one-off 5% wealth tax on billionaires. Mark Zuckerberg, the CEO of Meta, had expressed concerns about the tax and its potential impact on his ownership stake in the company. The deal highlights the stakes of the proposed tax and its potential impact on wealthy individuals in California.

    What is confirmed

    • Mark Zuckerberg made a deal with Meta to help him pay a proposed California tax on billionaires.
    • The deal allows Zuckerberg to keep his ownership stake in Meta while paying the tax.
    • Zuckerberg had considered leaving California over the proposed wealth tax.
    • The proposed California billionaire tax is a one-off 5% wealth tax on billionaires.
    • Zuckerberg agreed to remain in California for eight years as part of the deal.

    Still unconfirmed

    • The deal was made to shield Zuckerberg from the tax without losing control of the company.

    What to watch next

    • The passage of the proposed California billionaire tax
    • The impact of the tax on Zuckerberg's ownership stake in Meta
    • The reaction of other billionaires to the proposed tax and potential deals with their companies
    Sources used for this update (15)
    1. WSJ — Mark Zuckerberg Discussed Leaving California Over Wealth Tax
    2. The New York Times — How Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax
    3. Reuters — Meta strikes deal to keep Zuckerberg in California after wealth tax concerns
    4. Forbes — Meta Stock Split Deal Will Keep Mark Zuckerberg In California Amid Billionaire Tax Threat
    5. Bloomberg.com — Zuckerberg Wants to Keep His Votes
    6. The Washington Post — How Mark Zuckerberg went to war with his own board of directors over pay and power
    7. ABC News - Breaking News, Latest News and Videos — Zuckerberg makes deal with Meta to help him pay billionaire tax if it passes
    8. Seeking Alpha — Zuckerberg deal highlights the stakes of California billionaire tax
    9. Yahoo Finance — Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
    10. www.theguardian.com — Meta strikes deal with Mark Zuckerberg to help him foot ...
    11. finance.yahoo.com — Zuckerberg makes deal with Meta to help him pay billionaire ...
    12. www.briefs.co — Colorado voters consider sweeping shift to graduated income tax
    confidence 85%
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