Mark Zuckerberg makes deal with Meta to help him pay billionaire tax if it passes
Meta CEO Mark Zuckerberg has reached an agreement with the company's board to allow him to sell non-voting shares to cover potential tax liabilities. This move is specifically designed to help him pay a proposed 5% wealth tax on billionaires in California without losing his majority ownership stake in Meta.
Why it matters
The deal highlights the complex financial planning of ultra-high-net-worth individuals facing new wealth tax legislation and the influence of corporate governance structures on personal tax obligations.
Mark Zuckerberg makes deal with Meta to help him pay billionaire tax if it passes left Actions announced by the tech giant on Wednesday will keep Zuckerberg as the majority owner of the company [File] REUTERS REUTERS https://th-i.thgim.com/public/incoming/8yvaq7/article71614451.ece/alternates/FREE_1200/2026-10-20T090237Z_301680648_RC2CPNAF785Z_RTRMADP_3_ESSILORLUXOTTICA-AI-GLASSES.JPG Carlos Barria FILE PHOTO: Meta CEO Mark Zuckerberg presents the new line of smart glasses during the Meta Connect event at the company's headquarters in Menlo Park, California, U.S., September 23, 2026. REUTERS/Carlos Barria/File Photo Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California Mark Zuckerberg made a deal with Meta's board to help him pay a proposed California tax on billionaires without losing his ownership stake in the company he founded, according to regulatory filings published this week.
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