Travis Kalanick moves to Texas to avoid California billionaire tax
UBER Uber Technologies Inc
$68.59 -0.28%
View chart & analysis → - 1Uber co-founder Travis Kalanick moved to Texas on December 18, 2025.
- 2Based on Kalanick's estimated net worth of $3.6 billion, he could have faced $180 million in taxes.
- 3California will hold a vote on Proposition 40 next Tuesday, which imposes a one-time 5% tax on billionaires.
So what's the key point?
Uber co-founder Travis Kalanick has moved to Texas. This move is intended to avoid a $180 million tax that could be imposed on billionaires in California.
Source Fortune · View original ↗
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