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Billionaire Tech CEO Latest to Ditch California With $18M Sale of Sprawling Ranch

by NY Post
June 26, 2026
in Aggregated, Opinions
NY Post
The secret is out: : jdrucker.com is the fastest-growing Drudge-like aggregator in conservative and Christian media.

In this New York Post article, Sheetal Banchariya reports that former eBay and Hewlett-Packard CEO Meg Whitman, a billionaire tech executive, has sold her sprawling 1,500-acre Spring Creek Ranch in Northern California for $18.5 million, joining the exodus of wealthy residents amid the state’s proposed “billionaire tax.”

  • The ranch near Redding was purchased by investor Kelly J. Barlow, a fly-fishing enthusiast and chair of California Trout.
  • Whitman, who ran for California governor in 2010 and served as U.S. Ambassador to Kenya, previously sold a Sacramento penthouse for $2.4 million.
  • Other tech billionaires like Oracle’s Larry Ellison, Google co-founder Sergey Brin, and SpaceX investor Steve Jurvetson have also relocated, many to Nevada to avoid the tax.
  • The “2026 Billionaire Tax Act” would impose a one-time 5% tax on billionaires’ net worth to fund health care, education, and food assistance.
  • California has over 200 billionaires with collective wealth exceeding $2 trillion.
  • The sale highlights ongoing concerns among high-net-worth individuals about the state’s tax policies and business climate.
  • Whitman’s departure adds to the wave of affluent Californians fleeing high taxes and regulations.

Read the full story:
https://nypost.com/2026/06/24/real-estate/billionaire-tech-ceo-flees-california-with-sale-of-sprawling-18m-ranch/



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