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Billionaires Flee to Tax Haven Just Across the California Border | Bloomberg Businessweek
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June 11, 2026
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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
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Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
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