He’s the latest mogul to flee LA….

As Californians anxiously await election results this morning, one ballot measure closely being watched by the industry’s one percent is Proposition 40 — which calls for a one-time 5% tax on any resident with a net worth exceeding $1 billion.

As of press time, Prop 40 was losing 55.6% to 44.4% with 60% of the votes counted.

Still, Page Six Hollywood hears that Illumination CEO Chris Meledandri quietly left California anyway as just the latest mogul to flee the state, and one knowledgeable source says the exec relocated “to escape the billionaire tax.”

Even if the ballot measure loses, insiders say it has set a precedent that wealthy Californians are in for a rough ride in the state.

We hear that the animation mogul behind the “Despicable Me” and “Ice Age” franchises has moved to New York. (We’ve previously reported that Meledandri splits his time between the company’s US and Paris-based studios.)

A rep for Menedandri did not respond to a request for comment.

It turns out Meledandri got really rich — George Lucas-style — when he left 20th Century Fox Animation in 2007, and Universal offered him an equity stake and a share of the box-office earnings in his newly launched Illumination.

The animation exec maintains an ownership share as part of his founding contract. “Despicable Me” is the highest-grossing animated franchise ever, while his “Super Mario Bros.” and “Ice Age” series also make the top-10 franchise cut.

Meledandri isn’t the first VIP to bolt the Golden State. Steven Spielberg also moved from California to New York in December to avoid a massive potential state tax bill. (At the time, Spielberg’s reps insisted that the relocation was to be closer to family in New York.)

Google co-founder Sergey Brin — with his “Vanderpump Rules” alum girlfriend Gerelyn “GG” Gilbert-Soto — hopped the state border from California to Nevada in the Lake Tahoe region and became the single largest donor in the effort to defeat Prop 40. (Brin would have been on the hook for $11 billion had he stayed and if the measure passes.)

Prop 40 remains too close to call, but, if it passes, California would become the first state in the nation to tax the net worth of billionaires, sending a shiver through the beachfront enclaves of Malibu.

Others see the writing on the wall when it comes to California’s billionaire class, whether or not Prop 40 passes this election cycle, and are considering moves to Florida, Texas and Tennessee.

DSA-backed candidates are making huge inroads both locally and nationwide. Nithya Raman is leading incumbent Karen Bass in a tight race for LA mayor. Abdul El-Sayed prevailed to win a US Senate seat in Michigan.

“All that we missed was Prop 40 and [Florida’s U.S. Senate candidate] Angie Nixon,” says one DSA-aligned industryite who is active in far-left donor circles and is expecting Prop 40 to ultimately lose this time around. “But other than that and once Nithya closes, it’s a good set of results. Bad for Ellisons, Musk, Kushners, Ari [Emanuel] and anybody that’s ever taken AIPAC money.”

Overall, most of Hollywood was toasting the results of the midterms, with Democrats taking the House and Senate in decisive fashion, handing President Trump a stunning rebuke.

Other industry figures who’ve left Cali include: Sylvester Stallone (Florida) and Mark Wahlberg and Dean Cain (Nevada).