Larry Page loosens business ties to CA amid proposed state wealth tax, reports


Larry Page has begun moving some of his business assets away from California, as the committee works to get a proposed tax on billionaires added to the 2026 ballot, according to Business Insider.

The Google founder has since reintegrated several business entities in Delaware, including his family office, Koop; influenza research company, Flu Lab; his aviation company, Dynatomics; and flying car startup, One Aero.

Page himself is reportedly no longer in the country, sources told Business Insider.

The news came after the billionaire reported to others who is looking to leave the country amid the proposed tax, which will impose a 5% tax on assets worth $1 billion. Another name who has spoken out against voting initiatives include David Sacks, Palmer Luckey, and Alexis Ohanian.



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