Industry Newswealth taxcorporate domicilecalifornia
Larry Page Relocates Holdings Ahead Of Wealth-Tax
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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.
Scoring Rationale
Credible reporting on tax-driven billionaire relocations; limited novelty and primarily affects a narrow, high-net-worth segment.
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