Posted on 01/09/2026 1:45:49 PM PST by 11th_VA
Billionaire Larry Page is peacing out of California.
The Google cofounder has cut ties between California and many of his assets that risked exposing him to a proposed new wealth tax in the state, meeting an end-of-2025 deadline, according to filings reviewed by Business Insider.
Page's family office, Koop, was converted out of California in late December and incorporated in Delaware, per filings with both states. Page converted several other entities to Delaware, including Flu Lab LLC — a vehicle he has used to fund research on tackling influenza and lists its principal office address in Nevada — and another entity named One Aero, which has funded his flying car ventures and lists its principal office address in Florida.
A filing was also made to convert Dynatomics, LLC from California to Delaware with a new principal address in Keller, Texas. Page launched Dynatomics, a new startup focused on applying AI to aircraft manufacturing, in 2023, Business Insider previously reported. A source close to Page said that the team, run by Chris Anderson, continues to work out of California.
The New York Times reported in December that Page had told people he was considering moving to Florida because of a proposed ballot measure that would tax the state's wealthiest residents. The proposal, if passed successfully, would mean that any California resident worth more than $1 billion would be taxed 5% of their assets.
Under California law, residency is determined by the nature of a person's ties to the state, with factors such as the time spent in the state and the maintenance of substantial business ties taken into account. If the ballot measure is approved in November, it would take effect retroactively for residents living in California as of January 1, 2026...
(Excerpt) Read more at businessinsider.com ...
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It would only be a slight step up if he moved to Austin, the Calipornia of Texas.
I guess he has done the math.
probably would have been better off going to a red state, didn’t he read what lil’ ole’ Delaware did to Musk?
Every time you look at something on the internet, Larry Page makes $.0001
I wonder how much government funding that company gets.
The billionaire tax is retroactive to Jan 1 2026, so unless they already left last year, the billionaires will be hit with this tax. But escaping makes sense for the inevitable next CA tax.
WINNING!
Could it be said that Page flew the Koop?
Expost facto laws are forbidden under the constitution as is taxing wealth.
Once again, these super political predetors who finance the left and have gotten the exact system he fought dirty for and now he’s leaving because of the exact policies he fought for. He’s rich enough where he can get eaten last by his leftist alligators. Who more than Google has propped up and funded leftists?
In every leftist iteration, once in power those at the top of the political hierarchy literally kill the stooges who installed them.
there is going to be a very big reckoning.
I would rather that Page take his companies and leftist employees to another blue state, like Ohio.
And this is the thanks they get. However, when you dance with the devil, you will get burned.
Blue states have a problem. Companies and high wealth individuals are leaving Illinois when they can. Boeing bought a 36 story office building about 20 years in Chicago for $165M. They just sold it for $22M last month. In another report I read, ~40K households with incomes above $200K have taken off for greener pastures in the last few years.
NOT A BIG LOSS TO PAGE-— IF HE DID IT ALL BEFORE 12/31/2025 MIDNIGHT-—THE LOSS IS TO NEWSOM.....
THE “RETROACTIVE” PART OF THE PROPOSAL WILL END UP AT USSC FOR YEARS-—IF IT PASSES.
THE RETROACTIVE PART WILL BE UNDER CHALLENGE
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