Larry Page, Google co-founder and the world’s second-richest person, reportedly left California late last year and re-registered several entities in Delaware amid concern over a proposed one-off 5% wealth tax on assets above $1 billion. Filings name Koop, Flu Lab and One Aero among moved entities; the measure, if applied retrospectively from Jan. 1, 2026, could cost Page about $13.5 billion.
Key Points
- 1Moves registrations of family office and flying-car ventures from California to Delaware late last year
- 2Responds to proposed one-off 5% wealth tax on assets above $1 billion, retrospective from Jan 1, 2026
- 3Signals potential tax-driven migration risk for high-net-worth individuals and corporate domiciles in Silicon Valley
Scoring Rationale
Credible reporting on tax-driven billionaire relocations; limited novelty and primarily affects a narrow, high-net-worth segment.
Sources
Public references used for this report.
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