Sergey Brin, Larry Page Moved LLC From CA Before Proposed Wealth Tax
Business Insider••business
Key Points:
- An entity linked to Google cofounders Sergey Brin and Larry Page, T-Rex LLC, moved out of California by converting into a Delaware LLC called T-Rex Holdings on December 24, 2025, ahead of a proposed California wealth tax deadline.
- The proposed wealth tax targets approximately 200 billionaires in California, imposing a one-time 5% tax on assets exceeding $1 billion, effective retroactively from January 1, 2026, to address a projected state budget deficit.
- T-Rex Holdings, described as a "management company," now lists its principal office in Reno, Nevada, while Brin and Page remain managers; the exact activities of the entity remain unclear.
- This move follows
