Larry Page loosens business ties to CA amid state鈥檚 proposed wealth tax, report

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Summary

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.

First seen: 2026-01-07 23:45

Last seen: 2026-01-08 18:48