Nvidia CEO Jensen Huang says nothing would give me more joy’ than to pay more taxes: I'm just afraid of being poor’ Mike Crisolago Tue, September 22, 2026 at 2:15 AM PDT 6 min read NVDA Matt Ramey/AFP via Getty Images While California faces a billionaire exodus ahead of its November 3 wealth tax vote, Nvidia co-founder and CEO Jensen Huang says he'd happily pay more to the tax man. During a recent interview with CBS News , Huang whose net worth Forbes recently pegged at more than $197 billion was asked about the prospect of having to pay up to $8 billion in taxes over five years if Proposition 40 passes. He responded that "it's a privilege, it's a responsibility" to pay taxes and that "nothing would give me more joy" than to pay more. Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP A single line on your car insurance policy could be inflating your premium by up to 30% here's what to change "The fact that I can afford to pay $8 billion in taxes over five years is a privilege," the 63-year-old explained. "The more you make, the more taxes you pay. So, I'm okay with that." Proposition 40 a one-off wealth tax on 5% of the net worth of any billionaire living in the state as of January 1 of this year would, in theory, generate billions of dollars primarily for public healthcare services but also for education and food assistance programs. It's estimated that California is currently home to around 260 billionaires the most of any state and that the tax could raise more than $108 billion in revenue. California also has the highest combined federal and state income tax rate, which tops out at 50.3% . Neither Huang or Nvidia replied to Moneywise's request for comment, but the billionaire told CBS that he's "not afraid of paying taxes." Rather, he quipped that he harbors a different concern: "I'm just afraid of being poor." From Denny's dishwasher to tech billionaire At first, a billionaire expressing concern about becoming poor could come off as somewhat tone deaf. In the second quarter of 2026, for example, the median weekly earnings for full-time U.S. wage and salary workers hit $1,258 or roughly $67,500 if calculated across the entire year. Meanwhile, a 2026 SEC filing put Huang's 2026 compensation at above $36 million . But Huang wasn't born into privilege. Originally from Taiwan, he was sent by his parents , along with his older brother, to the U.S. at age nine to live with an uncle in the hopes of achieving a better life. Story Continues "I'd never stood in a house with carpets before," he said in a 2026...
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