Nvidia CEO Jensen Huang Expresses Willingness to Pay More Taxes Despite Wealth
During an interview with CBS News, Nvidia co-founder and CEO Jensen Huang stated that he would be happy to pay more in taxes if California's Proposition 40 passes. The proposed wealth tax aims to collect up to $108 billion by taxing the net worth of billionaires living in the state as of January 1st this year. Huang, whose personal fortune is estimated at over $197 billion and who leads a company valued above $5 trillion, described paying taxes as both a privilege and responsibility. He emphasized that higher income should mean greater tax contributions and expressed no fear about increased taxation but rather the possibility of becoming poor himself. The billionaire also shared his humble beginnings in the U.S., having moved from Taiwan at age nine to live with an uncle before eventually co-founding Nvidia while working as a dishwasher.
Tickers: $NVDA
Topics: billionaires California wealth tax vote (Proposition 40) CEO statements taxation