Dozens Attend 'March for Billionaires' in San Francisco

The pro-billionaire rally drew a small crowd, with journalists nearly outnumbering demonstrators.

Published on Feb. 8, 2026

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A march supporting California's billionaires, called the 'March for Billionaires', took place in San Francisco on Saturday, drawing around three dozen attendees according to the San Francisco Chronicle. The ostensible reason for the demonstration was to protest the Billionaire Tax Act, a proposed state ballot measure that would require Californians worth more than $1 billion to pay a one-time, 5% tax on their total wealth.

Why it matters

The 'March for Billionaires' has drawn outsized attention on social media because it's such an incongruous idea, with the small turnout highlighting the lack of widespread public support for protecting the interests of the ultra-wealthy in California.

The details

Organizer Derik Kauffman, who founded the AI startup RunRL and is not a billionaire himself, told reporters that the march was to protest the Billionaire Tax Act. However, Governor Gavin Newsom has already said he will veto the measure if it passes. Kauffman also made comments criticizing California's policy of providing health insurance to undocumented immigrants, a position that is not widely shared.

  • The 'March for Billionaires' took place on Saturday, February 8, 2026.

The players

Derik Kauffman

The organizer of the 'March for Billionaires' and founder of the AI startup RunRL, who is not a billionaire himself.

Gavin Newsom

The Governor of California, who has said he will veto the Billionaire Tax Act if it passes.

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What they’re saying

“California is, I believe, the only state to give health insurance to people who come into the country illegally. I think we probably should not be providing that.”

— Derik Kauffman, Organizer (Mission Local)

The takeaway

The small turnout for the 'March for Billionaires' highlights the lack of widespread public support for protecting the interests of the ultra-wealthy in California, even as some continue to advocate for policies that would benefit the state's billionaires.