politics
January 8, 2026
Larry Page loosens business ties to CA amid state's proposed wealth tax, report
Larry Page is reportedly moving assets out of California over concern the state will vote in a tax on billionaires.
TL;DR
- Larry Page is moving business assets away from California.
- The move involves reincorporating entities in Delaware, including his family office, research company, aviation company, and flying car startup.
- This action is happening as a proposed tax on billionaires is being organized for the 2026 ballot.
- Page himself is reportedly no longer in California.
- Other notable figures have also spoken out against the ballot initiative.
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