Zuckerberg's $50M donation to California may be his 'parting gift' to the State

Facebook cofounder Mark Zuckerberg is reportedly making large bets connected some coasts of the US but his latest moves suggest the Meta CEO whitethorn beryllium preparing to accidental goodbye to California for good. According to a caller report, Zuckerberg and his wife, Priscilla Chan, pledged $50 cardinal to Sacramento State University to physique state-of-the-art STEM labs and an AI center.

“These investments volition assistance fortify our communities and enactment the adjacent procreation of leaders and innovators,” said Zuckerberg, who owns a compound of 11 properties successful Palo Alto’s Crescent Park neighborhood, valued astatine much than $110 million.According to Wall Street Journal, weeks aboriginal aft the donation, Zuckerberg purchased a waterfront mansion connected Indian Creek — a man-made land successful Miami's Biscayne Bay often called “Billionaires Bunker.”

The spot is said to beryllium a newly-completed property and is expected to fetch betwixt $150 cardinal and $200 million.

Tech billionaires leaving California

Zuckerberg isn’t unsocial who is leaving the US state. A question of California tech titans has been softly relocating to South Florida successful caller months. Google co-founders Larry Page and Sergey Brin person some made large purchases successful the Miami area, reports said.Page picked up aggregate properties successful Coconut Grove for astir $188 million, portion Brin is reportedly successful talks for a $50 cardinal location connected Biscayne Bay.

Further, Venture capitalist Peter Thiel made his Florida determination authoritative by opening a Miami bureau for his concern steadfast connected New Year's Eve.All the tech leaders are moving to Florida owed to California's projected Billionaire Tax Act – a ballot measurement nether which the authorities would enforce a one-time 5% taxation connected the nett worthy of anyone worthy implicit $1 billion. If it qualifies for the November ballot and passes, it would retroactively use to anyone who was a California nonmigratory arsenic of January 1, 2026.For Zuckerberg, whose nett worthy hovers astir $240 cardinal according to Bloomberg's Billionaires Index, that's a imaginable taxation measure northbound of $10 billion. Notably, Zuckerberg hasn’t made immoderate nationalist statements astir the billionaires' tax.