Google co-founders may be leaving California

In Brief

Sergey Brin and Larry Page look to beryllium reducing their beingness successful the authorities wherever they co-founded Google.

The New York Times reports that successful December, 15 constricted liability companies overseeing Brin’s investments and interests were terminated oregon converted into Nevada entities. Those see LLCs that negociate 1 of his superyachts and his involvement successful a backstage terminal astatine the San Jose International Airport.

Similarly, 45 LLCs associated with Page person precocious go inactive oregon moved retired of state, and a spot associated with Page bought a $71.9 cardinal mansion successful Miami this week, according to the NYT.

Clearly, moving is not a simple, black-and-white happening for the ultra-rich, and Brin and Page some inactive ain homes successful the state, the NYT says. Still, these moves suggest that astatine slightest 2 of California’s billionaires are so hoping to dodge a prospective ballot measure that would enforce a one-time, 5% taxation connected individuals worthy much than $1 billion.

If the measurement makes it onto the ballot successful November and really passes, it would retroactively use to anyone who lived successful the authorities arsenic of January 1 of this year.

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