Zuckerberg agrees to stay in California as wealth tax looms Zuckerberg agrees to stay in California as wealth tax looms By Vaibhav Jaiswal on October 23, 2026 Meta CEO Mark Zuckerberg reached a deal to keep his California residency after warning a proposed 5% billionaire wealth tax could trigger a multibillion‑dollar liability, prompting the company to issue new non‑voting shares.