Liberal Megadonor Steven Spielberg Reportedly FLEEING California as Gavin Newsom’s Billionaire Wealth Tax Looms

By The Gateway Pundit February 22, 2026
For years, Hollywood elite Steven Spielberg has been one of the biggest cheerleaders for the radical Left, dumping millions into Democrat coffers and supporting the very “progressive” policies that have turned California into a high-tax, crime-ridden wasteland. The post Liberal Megadonor Steven Spielberg Reportedly FLEEING California as Gavin Newsom’s Billionaire Wealth Tax Looms appeared first on The Gateway Pundit.
Liberal Megadonor Steven Spielberg Reportedly FLEEING California as Gavin Newsom’s Billionaire Wealth Tax Looms

Liberal Megadonor Steven Spielberg Reportedly FLEEING California as Gavin Newsom’s Billionaire Wealth Tax Looms Steven Spielberg and his wife, Kate Capshaw, have reportedly become official residents of New York City, moving from California. This relocation occurs as California considers a proposed one-time 5% wealth tax on residents with a net worth exceeding $1 billion. Spielberg’s spokesperson stated the move was long-planned and motivated by a desire to be closer to grandchildren.

  • Steven Spielberg and Kate Capshaw are reportedly now New York residents as of January 1, 2026.
  • The couple previously resided in California and have moved to Manhattan.
  • The move comes amid discussions of a proposed 5% wealth tax on California billionaires.
  • Spielberg’s spokesperson cited a long-planned desire to be closer to family in New York as the reason for the move.
  • Amblin Entertainment, Spielberg’s production company, also opened an office in New York.
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