Chamath Palihapitiya

Who is Chamath Palihapitiya? Indian-origin billionaire thinking of leaving California for Texas

Chamath Palihapitiya, a billionaire of Indian descent, is seriously considering a move away from California, prompted by emerging tax regulations. This decision echoes a growing sentiment among affluent entrepreneurs who are increasingly wary of the state’s economic environment, particularly in light of a proposed 5% wealth tax on fortunes exceeding $1 billion. Chamath Palihapitiya, a […]

Who is Chamath Palihapitiya? Sri Lankan-born billionaire thinking of leaving California for Texas

Chamath Palihapitiya is seriously considering a move away from California, prompted by emerging tax regulations. This decision echoes a growing sentiment among affluent entrepreneurs who are increasingly wary of the state’s economic environment, particularly in light of a proposed 5% wealth tax on fortunes exceeding $1 billion. Chamath Palihapitiya, a Canadian‑American billionaire of Sri-Lankan origin, […]

California’s tech exodus: Entrepreneur warns of a deeper political crisis as tax losses ‘hit $200 billion’ | World News

Entrepreneur and investor Chamath Palihapitiya has warned that California is facing a deepening political and fiscal crisis as major founders and companies continue to leave the state. In a widely circulated post, Palihapitiya argued that the departures have already cost California tens of billions of dollars in lost tax revenue, with the total potentially rising […]