US EditionGoogle Billionaire Larry Page Copies the Jeff Bezos Playbook, Buying a $173 Million Miami Compound that Will Save Him Millions in Taxes
Google cofounders shifted their LLC and family office to Delaware and Nevada in late 2025 to avoid a proposed 5% California wealth tax on billionaires, experts say.
- On December 24, 2025, filings show T‑Rex LLC converted out of California into a Delaware LLC called T‑Rex Holdings, listing Reno, Nevada as its principal office.
- Because the proposal could apply retroactively to January 1, 2026, analysts warn the California proposed ballot measure could cost Larry Page well over $10 billion by taxing roughly 200 California residents a one-time 5% tax.
- In late December and early January, Larry Page snapped up two neighboring Coconut Grove estates totaling about $173.4 million, including one previously listed at $135 million with 13 bedrooms and 15.5 bathrooms.
- Page's moves precede a proposed wealth tax, with at least six ultra‑rich leaving California or reorganizing assets, signaling a clear relocation playbook for founders and ultrawealthy executives.
- Critics of the measure counter that an aggressive asset tax risks driving the wealthiest residents and investment capital out of state, while supporters say tapping billionaire wealth is necessary to fund health care and education.
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Google Co-Founders Move LLC Out of California Ahead of Potential Billionaire Tax
YouTube@NewsNation A company linked with Google co-founders Larry Page and Sergey Brin moved out of California in late December. Business Insider reports Palo Alto-based T-Rex LLC converted out of California into a Delaware LLC called T-Rex Holdings on December 24th. It comes ahead of a potential wealth tax, or “billionaire tax” in California. Some lawmakers are proposing a one-time 5% tax on billionaires’ assets. It appears Page and Brin bea…
2 famed tech billionaires give opposite reactions to Calif. wealth tax
Business Insider
Google cofounders Sergey Brin and Larry Page moved an LLC out of California ahead of proposed billionaire's tax
Google cofounded Sergey Brin and Larry Page attended the Vanity Fair Oscar Party in 2007.Billy Farrell/Patrick McMullan via Getty ImagesT-Rex LLC, linked to Google founders Sergey Brin and Larry Page, moved from California to Delaware in late December.The move preceded a proposed California wealth tax targeting residents with assets over $1 billion.Page converted his family office from California to Delaware in late December amid tax concerns.An…
Billionaire tax backlash? Why Google founders are quitting California
Google founders Sergey Brin and Larry Page may not be feeling too welcome in the state of California. As per a California filing reviewed by Business Insider, T-Rex LLC, formed in 2006 and linked to Brin and Page, converted out of California into a Delaware LLC called T-Rex Holdings on December 24, 2025. Reportedly, the move comes as California’s wealthiest residents are weighing whether to leave the state, a proposed ballot measure would make t…
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