Larry Page Loosens Business Ties to CA Amid State’s Proposed Wealth Tax, Report

Larry Page Loosens Business Ties to CA Amid State’s Proposed Wealth Tax, Report

Larry Page Exits California Amid Billionaire Wealth Tax Push Google co-founder Larry Page is pulling up stakes in California—both personally and professionally—as the Golden State inches closer to enacting a controversial 5% wealth tax on billionaires. According to a Business Insider report, Page has already begun shifting key business entities out of California and into Delaware, a move that underscores growing unease among ultra-high-net-worth individuals over the proposed ballot measure set for 2026. Credit: Jeff Chiu / AP Why Larry Page Is Leaving California The billionaire, who helped launch one trillion-dollar company and has since invested in everything from flying cars to flu research, is no longer based in California, sources say. His departure isn’t just symbolic: Page has reincorporated several of his private ventures—including his family office Koop, aviation startup Dynatomics, flying car company One Aero, and Flu Lab—under Delaware’s more business-friendly legal framework. T…