Legendary director Steven Spielberg is latest billionaire to flee California in another blow to state

Entertainment

Steven Spielberg, phone home! The legendary “E.T.” director and California resident has moved to Manhattan amid a billionaire exodus from the Golden State — as voters eye a controversial wealth tax . But the move, first reported by the LA Times, allegedly had nothing to do with the 2026 Billionaire Tax Act. “Steven’s move to the East Coast is both long-planned and driven purely by his and Kate Capshaw’s desire to be closer to their New York-based children and grandchildren,” spokeswoman Terry