Larry Page is starting to move some business assets away from California, as organizers work to add a proposed tax on billionaires to the 2026 ballot. According to Business Insider.
The Google co-founder has begun relocating several of his business entities to Delaware, including his family office, Coop; his influenza research company, Flu Lab; his aviation company, Dynatomics; and his flying car startup, One Aero.
A source told Business Insider that Page is reportedly no longer in the state.
news comes after the billionaire reportedly told others He was thinking of leaving the state amid a proposed tax that would impose a 5% tax on people with a net worth of $1 billion. other names who have expressed their views Opponents of the ballot initiative include David Sachs, Palmer Luckey and Alexis Ohanian.
