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Google co-founder leaves California amid wealth tax
Summary
Larry Page has reportedly left California and moved registrations for several entities, including his family office and a flying car business, to Delaware amid concerns about a billionaire wealth tax.
Content
Larry Page, co-founder of Google and reported as the world's second-richest person, has reportedly left California. Reports describe the move as linked to concerns about a proposed wealth tax on billionaires. Several of his entities have been re-registered in Delaware, according to the reporting.
Key points:
- Larry Page is reported to have left California and is described as the world's second-richest person.
- Registrations for several entities, including his family office and a flying car business, were reportedly moved from California to Delaware.
- Reports link the relocations to concerns about a proposed billionaire wealth tax.
Summary:
The reported relocations change the legal registration of Mr Page's entities to Delaware and are described as connected to concerns about a proposed wealth tax on billionaires. Undetermined at this time.
