Travis Kalanick moves to Texas amid California wealth tax proposal

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Uber cofounder Travis Kalanick relocated his primary residence to Austin, Texas, on December 18, 2025, ahead of the January 1, 2026, deadline for California's proposed Proposition 40. The measure would impose a one-time 5% wealth tax on billionaires, a move that could have cost Kalanick an estimated $180 million based on his $3.6 billion net worth. Stanford…

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