Bloomberg Businessweek
Bloomberg Businessweek
Bloomberg
Billionaires Flee to Tax Haven Just Across the California Border
7 minutes Posted Jun 11, 2026 at 12:00 pm.
0:00
7:08
Download MP3
Show notes

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Incline Village has become a billionaires' playground with prime lakefront property, alpine seclusion, and no state income taxes, attracting ex-Californians. The sales volume for single-family homes in Incline Village and Crystal Bay surged to roughly $232 million in the first quarter, with 22 homes sold for more than $2 million. The influx of wealth is raising eyebrows among locals, who worry that the town is transforming into a luxury ZIP code with room for ultrarich tech titans and few others.

For more, Carol and Tim Stenovec spoke with Eliyahu Kamisher, Bloomberg News California Reporter

See omnystudio.com/listener for privacy information.