Google Co-Founders Sergey Brin and Larry Page Reduce Ties to California
The New York Times••business
Key Points:
- Google co-founders Larry Page and Sergey Brin are reducing their business presence in California, moving several limited liability companies to Nevada and acquiring property in Florida.
- Mr. Brin transferred 15 California LLCs, including those managing his superyacht and private air terminal interests, to Nevada in the days before Christmas.
- Mr. Page filed documents to deactivate or relocate over 45 California LLCs and purchased a $71.9 million mansion in Miami’s Coconut Grove neighborhood.
- The moves coincide with a proposed California ballot measure that would impose a one-time 5% wealth tax on residents worth more than $1 billion, potentially retroactive to January 1.
- Other billionaires, such as Peter Thiel and
