# Sergey Brin’s $102 million helped sink California’s billionaire tax and may block the next one

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1 outlet covering · First listed: Fortune, Nov 11, 2026, 1:54 AM · Read it: <https://fortune.com/2026/11/11/california-prop-42-wealth-tax-ban-billionaires/>

Proposition 42, bankrolled largely by Sergey Brin, bars new state taxes on stocks, business stakes and other assets. Critics say it could reach capital gains.

## Who's covering it

In the order they published:

- Nov 11, 2026, 1:54 AM: [Sergey Brin’s $102 million helped sink California’s billionaire tax and may block the next one](<https://fortune.com/2026/11/11/california-prop-42-wealth-tax-ban-billionaires/>) — Fortune (Magazine, United States)
  Proposition 42, bankrolled largely by Sergey Brin, bars new state taxes on stocks, business stakes and other assets. Critics say it could reach capital gains.