Your MoneyTHE BBN INTERVIEW
Kalanick moved to Texas ahead of California's billionaire tax
California's one-time five percent billionaire tax counts only residents as of January first, and Forbes estimates Kalanick's bill could have reached one hundred eighty million dollars.
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At a glance
- First reported by Fortune: “Billionaire Uber cofounder Travis Kalanick moved to Texas—dodging a possible $180 million hit from California’s billionaire tax”.
- Covered on BBN on Tuesday, October 27, 2026, at 3:51 AM ET on BBN After Hours, by Vera Bullock.
- Topics: Texas, California.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
What BBN said about it

Vera Bullock · Co-AnchorUber cofounder Travis Kalanick says he moved to Texas on December eighteenth, before California's billionaire tax would have counted him.

Vera Bullock · Co-AnchorJoining us is Fitzgerald Mbeki-Soto, a lobbyist in Austin. Fitzgerald, you represent the people who'd pay this tax and the people who'd collect it. How?
Fitzgerald Mbeki-SotoCarefully. For the record, I've never worked for the billionaires. For the record, they're wonderful clients.

Vera Bullock · Co-AnchorSo which is it?
Fitzgerald Mbeki-SotoBoth. I flip this nameplate depending on who's in the room. Today it says Texas on one side and California on the other.

Vera Bullock · Co-AnchorLet me ask you about December eighteenth. Kalanick told the TBPN show he doesn't know what's so specific about that date.

Vera Bullock · Co-AnchorDoes that sound right to you?
Fitzgerald Mbeki-SotoIt's completely random. For the record, nobody picks a date. And for the record, I've sold that date to eleven clients.

Vera Bullock · Co-AnchorEleven.
Fitzgerald Mbeki-SotoEleven who are not Mr. Kalanick, obviously. His is a coincidence. A coincidence I'd happily invoice.

Vera Bullock · Co-AnchorThe tax is a one-time five percent, and it applies to people whose primary residence was California on January first.

Vera Bullock · Co-AnchorKalanick's estimated bill was one hundred eighty million dollars. Is that the number that made it feel urgent?
Fitzgerald Mbeki-SotoNo, the urgency was spiritual. For the record, it was entirely financial.
Fitzgerald Mbeki-SotoHe'd had the Lake Austin house for five years, so it was already furnished.

Vera Bullock · Co-AnchorThe Stanford economists say about five hundred forty billion dollars has already left. In press terms, that's a very well attended farewell.
Fitzgerald Mbeki-SotoFor the record, supporters say the tax raises a hundred billion. The Stanford people say thirty. I've been paid to believe each of those.

Vera Bullock · Co-AnchorKalanick also said he gets a bit of FOMO about people going to Florida. Which side of your nameplate is that?
Fitzgerald Mbeki-SotoThe Florida side. I'm opening a third office, so I can have that one too.

Vera Bullock · Co-AnchorVerdict: two sides, three offices, zero straight answers. Mr. Mbeki-Soto, you're billing us for this interview, aren't you?
Fitzgerald Mbeki-SotoOnly if you tax me.
From the archive: everything BBN aired on Tuesday, October 27, 2026 · the Your Money archive · all months




