The former CEO of Uber has become the latest billionaire to ditch California for Texas ahead of the liberal state's proposed wealth tax.
Travis Kalanick, 49, fled Los Angeles to set up a new life in Lake Austin in December.
Kalanick revealed his new address as he sat down with TBPN to discuss his new robotics company, Atoms.
'I'm a primary resident of Texas,' he told cohosts John Coogan and Jordi Hays on Friday's episode. 'Lake life, hell yeah!'
Kalanick bought the lake house five years ago but said he has since made the property his main residence, spending every weekend there so far this year.
The business mogul, who has an estimated net worth of $3.6 billion, is among the droves of wealthy entrepreneurs ditching the West Coast.
Tesla founder Elon Musk has also moved himself and his businesses to Texas. He told the Wall Street Journal in 2020 that California has become 'complacent' when it comes to technology and innovation.
Chevron CEO Mike Wirth also relocated the company to Houston at the end of 2024.
Travis Kalanick, 49, moved to Austin, Texas, on December 16, 2025 - just weeks before California's billionaire's tax deadline
He lives near Lake Austin, where he bought a property five years ago which is now his permanent residence
Tom Boyle, the CEO of Public Storage, moved his company's headquarters from Glendale, California, to Frisco, Texas.
Other companies that left California for a different state, including Yamaha Motor Co and Playboy.
It comes as California's billionaires are rallying against plans for a controversial wealth tax for the state's wealthiest residents.
The levy is designed to recoup funds for essential services, such as health care and education.
The 2026 Billionaire Tax Act would see residents with a net worth of more than $1 billion pay a one-time tax worth five percent of their assets.
The bill has been championed by Democratic Representative Ro Khanna, who said in a statement to Daily Mail in January: 'We must balance making sure we keep the Silicon Valley miracle and dynamism with ensuring that the working class benefit from the prosperity with healthcare, education, and childcare.'
If the bill passes a vote due in November, it would retroactively affect billionaires living in the state beginning January 1, 2026, and would include stocks, art, and intellectual property in the calculation.
California is home to the most billionaires out of any state, with 225 calling it home. More than 80 people featured on the Forbes 400 list in 2025 also reside in California.
But some of those opposing the Act have warned that many wealthy residents would opt to sell large portions of their companies rather than pay, or abandon the state altogether, taking all of their tax dollars with them.
Elon Musk announced in 2020 he was moving to Texas and taking his businesses with him
Chevron CEO Mike Wirth also relocated his company to Houston at the end of 2024
Uber co-founder Travis Kalanick buys a $43.3 million Bel Air mansion - while 3,500 staff from ride hailing firm are laid off
Google co-founder Larry Page, ranked the seventh richest person in the world with a net worth of $144 billion, announced his exit from California ahead of the controversial bill.
Page, who founded Google alongside Sergey Brin in 1998 but stepped down as CEO in 2019, reportedly began relocating out of the state some time ago.
The billionaire moved his California-based businesses in late 2025, just meeting a deadline for the exemption from the impending possible levy.
Recently, he also transferred most of his business holdings to Delaware.
The billionaire's wife, Lucinda Southworth, who is the head of her own marine conservation charity Oceankind, has also moved her interests out of the state.
Reid Hoffman, co-founder of LinkedIn, staunchly condemned the bill and took to social media to declare it was 'badly designed.'
'The proposed CA wealth tax is badly designed in so many ways that a simple social post cannot cover all of the massive flaws,' he wrote on X. 'One well-documented example is the horrendous idea to tax illiquid stock in the proposal.'
Kalanick previously owned this $43.3 million mansion in Bel-Air, Los Angeles
The Gavin Newsom-led state would tax anyone who makes more than $1 billion. If passed, the bill would retroactively affect billionaires living in the state beginning January 1, 2026
'Poorly designed taxes incentivize avoidance, capital flight, and distortions that ultimately raise less revenue,' Hoffman argued.
'It is true that we need to preserve and grow the incredible creation and generativity of Silicon Valley. It is also true that we must figure out how to help people who have not benefited from the wealth, jobs, and company creation engine of Silicon Valley thus far.
'I, along with many others, have expressed to Rep Khanna that this wealth tax proposal is not the best way to achieve those objectives.'
Hoffman, a current partner at venture capital firm Greylock Partners, sold LinkedIn to Microsoft in 2016 for $26.2billion and has a current net worth of $2.5billion, according to Forbes.
Kalanick did not reveal his reason for moving; however, his December 16 move date would allow him to be excluded from the one-time tax.
The Daily Mail has reached out to Kalanick for comment.