Google Founders Gradually Go: Brin and Page Reduce California Presence
Google co-founders Sergey Brin and Larry Page appear to be scaling back their presence in California, according to reports from TechCrunch.
The influential U.S. newspaper The New York Times reported that in December, 15 limited liability companies (LLCs) linked to Brin’s investments and personal interests were either closed or relocated to Nevada. These entities included a luxury yacht company and one associated with a private terminal at San Jose International Airport.
Similarly, at least 45 LLCs associated with Larry Page were recently made inactive or moved to other states. Additionally, a trust connected to Page has purchased a mansion in Miami, Florida, valued at approximately $7.19 million.
Although both Brin and Page still own homes in California, these actions indicate preparations to reduce their California footprint.
Analysts suggest that a proposed California ballot initiative could be influencing these moves. The initiative would impose a one-time 5% tax on property owners with assets exceeding $100 million, effective from January 1 of this year if passed.
DBTech/BMT/OR
