California's proposed billionaire tax appeared headed for defeat on Wednesday in one of the final verdicts from voters in an election week that saw a wave of anti-billionaire sentiment elsewhere.
The bad news is Californian voters rejected the billionaire tax.
Billionaires spent more than $300m to lobby against it.
The fourth highest opposition funder was Irish multi-billionaire Patrick Collison who donated $33m to the cause.
The tax was to fund food assistance, healthcare, education.
