Larry Page is starting to move some business assets away from California, as organizers work to get a proposed tax on billionaires added to the 2026 ballot, according to Business Insider.
The Google co-founder has begun reincorporating several of his business entities in Delaware, including his family office, Koop; his influenza research company, Flu Lab; his aviation company, Dynatomics; and his flying car startup, One Aero.
Page himself is reportedly no longer in the state, a source told Business Insider.
The news comes after the billionaire reportedly told others he was looking to leave the state amid the proposed tax, which would impose a 5% tax on those with assets worth $1 billion. Other names who have spoken out against the ballot initiative include David Sacks, Palmer Luckey, and Alexis Ohanian.
Original Source: https://techcrunch.com/2026/01/07/larry-page-loosens-business-ties-to-ca-amid-states-proposed-wealth-tax-report/
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