See the list of California's 200-plus billionaires who could be hit by the proposed wealth tax if it passes

With California home to over 200 billionaires, a proposed wealth tax could significantly impact their finances. Some have already started moving assets out of state in anticipation of the tax. This measure, if passed, would not only redistribute wealth but also potentially affect the state's economic landscape by altering the financial strategies of its wealthiest residents. The potential outflow of assets could have broader implications for California's economic vitality and the dynamics of wealth distribution nationwide.