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September 26th, 2012
02:16 PM ET

America's brain drain: Tech innovators leaving the U.S.

Another tech mogul about to give up his American citizenship. Remember In May when Facebook co-founder Eduardo Saverin renounced his U.S. citizenship to take up residence in the tax-friendly Singapore?

Well he's peanuts compared to this guy. In an interview with the Australian Financial Review, Apple Co-Founder Steve Wozniak announced he is "underway to become an Australian citizen."

"I intend to call myself an Australian and feel an Australian, and study the history and become as much of a real citizen here as I can." Steve Wozniak, Co-Founder of Apple said, "I intend to call myself an Australian and feel an Australian, and study the history and become as much of a real citizen here as I can."

I'm not sure which Australian he plans to feel but he sounds pretty serious about it. However, unlike Saverin, it should be noted Woz won't be giving up his American citizenship – just adding Australian – and he isn't moving for tax reasons.

Which brings us to tonight's number: 38 BILLION.

That is the amount of money Australia is spending to build a national broadband network of affordable high-speed Internet access.


Filed under: International • The Number
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