Larry Page loosens business ties to CA amid state’s proposed wealth tax, report
Larry Page loosens business ties to CA amid state’s proposed wealth tax, report
Larry Page is starting to move some business assets away from California, as organizers work to get a proposed tax on billionaires added to the 2026 ballot, according to Business Insider.
The Google co-founder has begun reincorporating several of his business entities in Delaware, including his family office, Koop; his influenza research company, Flu Lab; his aviation company, Dynatomics; and his flying car startup, One Aero.
Page himself is reportedly no longer in the state, a source told Business Insider.
The news comes after the billionaire reportedly told others he was looking to leave the state amid the proposed tax, which would impose a 5% tax on those with assets worth $1 billion. Other names who have spoken out against the ballot initiative include David Sacks, Palmer Luckey, and Alexis Ohanian.
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