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As billionaires fight a tax hike, Jensen Huang says paying $8 billion is a ‘privilege’: ‘I’m just afraid of being poor’

As billionaires flee the Golden State, the Nvidia cofounder says he’s happy to stay put and share the spoils of his success: “I am the ultimate American Dream.”

As billionaires fight a tax hike, Jensen Huang says paying $8 billion is a ‘privilege’: ‘I’m just afraid of being poor’

California is home to numerous entrepreneurs who have amassed billions of dollars through their companies. However, as the coastal state considers tax hikes on the wealthy, some influential individuals, including Nvidia CEO Jensen Huang, are choosing to stay and pay their fair share. Huang, who is among the world's wealthiest people with a net worth of $180 billion, expressed his willingness to pay taxes in an interview with CBS Sunday Morning, stating that those who make more should pay more taxes.

He emphasized that his success would not have been possible without the opportunities America provided, describing his willingness to contribute to the system that helped him achieve his dreams as a privilege. Huang urged people to move to California instead of leaving, despite the high taxes, highlighting the state's abundant opportunities for innovation and growth.

Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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