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Google Co-Founders Relocate to Dodge California's Wealth Tax

1/10/2026

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Summary

Story summary

Larry Page, co-founder of Google, moved his businesses from California to Delaware amid talks of a 5% wealth tax.
The tax could apply retroactively from January 1, 2026.
Page's relocation shifts his family office and several flying-car companies.
Sergey Brin, co-founder of Google, has moved multiple business entities out of California.
Both billionaires are eyeing homes in Miami, a trend to avoid taxes and regulations in California.

History

Historical Context

Delaware's corporate law reforms in 1988 established a favorable tax environment, attracting over 1.8 million corporations, including many Fortune 500 companies. This trend has influenced billionaires like Google co-founders Larry Page and Sergey Brin to relocate for tax benefits, reflecting ongoing strategies to minimize tax liabilities. Such movements may significantly impact state economies and future tax policies across the United States.

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Story summary

Larry Page, co-founder of Google, moved his businesses from California to Delaware amid talks of a 5% wealth tax.
The tax could apply retroactively from January 1, 2026.
Page's relocation shifts his family office and several flying-car companies.
Sergey Brin, co-founder of Google, has moved multiple business entities out of California.
Both billionaires are eyeing homes in Miami, a trend to avoid taxes and regulations in California.

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