# Sergey Brin spends $102 million to fight California billionaire tax 2026-08-12T22:42:27+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet Google co-founder Sergey Brin has donated another $20 million to Building a Better California, bringing his total contributions to $102 million to defeat Proposition 40, a wealth tax on billionaires. The measure, on the November ballot, would impose a one-time 5 per cent tax on California’s 200 richest people, with 90 per cent of revenue for health care and 10 per cent for education and food assistance. If passed, Brin would owe an estimated $13.3 billion, making his spending a 130-to-1 bet. Opponents include former Google CEO Eric Schmidt, PayPal co-founder Peter Thiel, and Governor Gavin Newsom, who says the tax could erode the state's tax base. The pro-tax group, launched by a healthcare union, has raised just over $30 million, according to livemint.com. ## Coverage - livemint.com Tags: billionaires, California, Proposition 40, Sergey Brin, tax policy, wealth tax Canonical: https://indianopinion.org/sergey-brin-spends-102-million-to-fight-california-billionaire-tax/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sergey-brin-spends-102-million-to-fight-california-billionaire-tax/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.