John Doerr
Coverage of John Doerr in the Nexus archive.
- California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth
California's billionaires are spending millions of dollars, including contributions from John Doerr ($7.5 million) and Chris Larsen ($10 million), to oppose Proposition 40, a measure that would impose a one-time 5% tax on residents with over $1 billion in assets. The opposition group, Building a Better California, has raised an endowment of $110 million. However, recent polls indicate that likely voters are split on whether or not to approve the billionaire tax.
- Sergey Brin and 11 other billionaires and tech elite lined up against California's proposed billionaire tax
Sergey Brin, John Doerr, Peter Thiel, and other California billionaires have donated over $120 million to oppose a proposed 5% wealth tax on residents with assets over $1 billion. The tax, which would be voted on in November, faces opposition from tech elites including Brin, who contributed $82 million, and Doerr, who donated $10 million, while union-backed supporters have raised $31 million.