See the list of California's 200-plus billionaires who could be hit by the proposed wealth tax if it passes

California's proposed Billionaire Tax Act would impose a one-time 5% tax on residents with a net worth over $1 billion. The tax plan, which could appear on the November ballot, faces opposition from critics who warn it may drive wealthy residents out of the state and lacks sustainable funding, while supporters argue it would fund healthcare, education, and food assistance.