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Zuckerberg wins Meta deal to help him foot bill for possible California billionaire tax
Meta has agreed to a new deal with chief executive Mark Zuckerberg to prevent him from leaving California over a proposed state tax on billionaires.
AI Summary
Meta has struck a new agreement with chief executive Mark Zuckerberg to keep him in California despite a proposed state tax targeting billionaires. The deal grants Zuckerberg additional Meta shares to offset the portion of his wealth he could lose if the tax is approved by voters in November. His fortune is estimated at over $200 billion (£149 billion). The arrangement is intended to shield him from any financial impact of the potential tax.
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