From the New York Post, February 19:
Legendary director Steven Spielberg is latest billionaire to flee California in another blow to state
Steven Spielberg, phone home!
The legendary “E.T.” director and California resident has moved to Manhattan amid a billionaire exodus from the Golden State — as voters eye a controversial wealth tax.
But the move allegedly had nothing to do with the 2026 Billionaire Tax Act, the Los Angeles Times reported.
“Steven’s move to the East Coast is both long-planned and driven purely by his and Kate Capshaw’s desire to be closer to their New York-based children and grandchildren,” spokeswoman Terry Press told the outlet....
....MUCH MORE
Forbes has Mr. Spielberg at the the 208th spot on the Forbes 400 list with his net worth at $7.1 billion.
For some reason I thought his AUM was north of $10bil. but either way, the 5% tax would require a good-sized check.
