As billionaires fight a tax hike, Jensen Huang says paying $8 billion is a ‘privilege’: ‘I’m just afraid of being poor’

California is home to dozens of entrepreneurs who have made billions off their companies.

But now, some are packing up and leaving as the coastal state weighs tax hikes against the rich—but Nvidia CEO and longtime California resident Jensen Huang is happy to pay his fair share.

“I don’t mind paying taxes.

The more you make, the more taxes you pay.

I’m okay with that,” Huang said in a recent interview with CBS Sunday Morning.

“I am the ultimate American Dream.” Billionaires like Google’s cofounder Sergey Brin and former CEO Eric Schmidt have been waging war against Proposition 40 in California: a one-time 5% tax on residents with assets over $1 billion.

The state hopes this will increase temporary revenue by tens of billions spread over several years to fund healthcare and education.

And some of California’s ultra-rich are fighting back; tech billionaires have raised more than $340 million and spend more than $1 million daily in a campaign to defeat Prop 40, according to The Guardian.

Others like Palantir’s Peter Thiel and Meta’s Mark Zuckerberg have already left the state for more tax-friendly areas.

But Huang, the world’s ninth-richest person with an eye-watering $180 billion net worth, isn’t afraid to pay up.

The leader of the world’s largest chip company reasoned that his success wouldn’t have been possible without the opportunities America afforded him.

He was able to pursue a high-level education, create a new company, pursue his dreams, and meet the people that “made Nvidia possible.” Huang has lived a success story that millions dream of—and he’s happy to contribute to the same system that nurtured his ambitions.

“The fact that I can afford to pay $8 billion in taxes over five years is a privilege,” Huang continued.

“I’m not afraid of paying taxes.