Sergey Brin and Larry Page appear to be reducing their presence in the state where they co-founded Google.
The New York Times reported in December that there were 15 limited liability companies overseeing Brin’s investments and interests. Abolished or converted to Nevada unitsThese include the LLC that manages one of his superyachts and his interest in a private terminal at San Jose International Airport,
Similarly, according to the NYT, 45 LLCs linked to Page have recently become inactive or moved out of state, and a trust linked to Page purchased a $71.9 million mansion in Miami this week.
The NYT says that clearly, relocation is not a simple, black-and-white thing for the ultra-wealthy, and both Brin and Page still own homes in the state. Still, these moves show that at least two California billionaires are actually hoping to dodge A possible ballot measure This would impose a one-time 5% tax on individuals worth more than $1 billion.
If the measure comes on the ballot in November and is actually passed, it would apply retroactively to anyone living in the state since January 1 of this year.
