How much are SoCal real estate players on hook for if billionaire tax passes?
Stewart Resnick — one-half of the billionaire couple that owns the Wonderful company and a lot of land in California — poured $4.5 million into a Silicon Valley-backed group against a tax on the net worths of the ultrarich. The ballot measure — Proposition 40 — marks the first try at a referendum on a billionaire tax, and it’s on the California ballot next month. Talk of the billionaire tax almost always centers around tech moguls and venture capitalists. But Southern California has a crop of billionaires whose wealth is connected to land, or real estate. Who besides the Resnicks […]This article originally appeared on The Real Deal. Click here to read the full story.
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