Google co-founders may be leaving California
TechCrunch••business
Key Points:
- Sergey Brin and Larry Page are reducing their business presence in California, with Brin converting 15 LLCs to Nevada entities and Page making 45 LLCs inactive or moving them out of state.
- Brin’s LLCs include those managing a superyacht and a private terminal at San Jose International Airport, while Page recently purchased a $71.9 million mansion in Miami through a trust.
- Both billionaires still own homes in California, indicating their moves are strategic rather than complete relocations.
- These actions appear to be motivated by an effort to avoid a potential California ballot measure proposing a one-time 5% tax on individuals worth over $1 billion.
- If passed, the tax would apply retroactively to
