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Larry Page has begun moving some business assets away from California, as regulators work to add a proposed tax on billionaires to the 2026 ballot. According to Business Insider.
The Google co-founder has begun reintegrating several of his business entities in Delaware, including his family office, Koop; his influenza research company, Flu Lab; his aviation company, Dynatomix; And his flying car startup, One Aero.
Page himself is no longer in the state, a source told Business Insider.
The news comes after the billionaire He reportedly told others He was looking to leave the state amid the proposed tax, which would impose a 5% tax on those with $1 billion in assets. Other names Who spoke Against the ballot initiative include David Sachs, Palmer Luckey, and Alexis Ohanian.