Filing: Larry Page moved assets out of California ahead of the proposed CA wealth tax, meeting an end-of-2025 deadline; a source said he has left the state
- Google cofounder Larry Page is cutting ties with California. — A source said Page had already left the state.
Business Insider Hugh Langley
Related Coverage
- Google co-founder leaves California amid billionaire wealth tax Telegraph · James Titcomb
- Opionion: Larry Page's Exit From California Is a Confession, Not a Critique Implicator.ai · Marcus Schuler
- Larry Page leaves California to protect $12.5 billion from proposed wealth tax Neowin · Paul Hill
- Larry Page has officially peaced out of California. — Records I reviewed show he transferred his family office and several business ventures … Hugh Langley
- Jensen Huang said he is ‘perfectly fine’ with the California billionaire wealth tax and breaks with other tech CEOs Business Insider · Katherine Li
- Did ‘billionaire tax’ force Google co-founder Larry Page to move businesses out of California? The Week
- Nvidia CEO Says He Doesn't Care About California's Proposed Billionaire Tax Wall Street Journal · Victoria Albert
- Nvidia CEO on the tax threat riling up billionaires: It's ‘perfectly fine’ Quartz · Joseph Zeballos-Roig
- Jensen Huang Says He's ‘Perfectly Fine’ With California's Billionaire Tax—Breaking With Other Tech Billionaires Forbes · Zachary Folk
- The billionaire breakup: Larry Page flees California while Jensen Huang shrugs Implicator.ai · Maria Garcia
Discussion
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@teddyschleifer
Teddy Schleifer
on x
>@HughLangley finds a few more Larry Page companies that are leaving California. https://www.businessinsider.com/ ...
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@fbajak
Frank Bajak
on bluesky
Because hell, why share a little wealth with people who need the money much more than you, Larry. Maybe help tackle the homeless situation your industry helped to create. [embedded post]
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@davelee.me
Dave Lee
on bluesky
This is huge news for California because it also now means Google must be reloca... oh no, wait, nothing changes. As you were. [embedded post]
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@carnage4life
Dare Obasanjo
on bluesky
There's a California ballot initiative that will levy a one-time tax of 5% of the wealth of billionaires who lived in the state as of January 1st 2026, if it passes. — Larry Page, the second richest man in the world has moved out of California to avoid the tax.
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@joshsternberg.com
Josh Sternberg
on bluesky
Larry Page “has cut ties between California and many of his assets that risked exposing him to a proposed new wealth tax in the state, meeting an end-of-2025 deadline, according to filings reviewed by Business Insider.” — www.businessinsider.com/larry-page- l...
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@rmac
Ryan Mac
on bluesky
Business Insider confirms our earlier reporting that Google cofounder Larry Page is cutting ties with California ahead of a voter initiative to tax the state's billionaires. — Good findings on how he's re-registered his businesses in other states. — www.businessinsider.com/la…
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@mattrosoff
Matt Rosoff
on bluesky
This guy hasn't done anything innovative for decades, and I'm sure California will continue to attract young, hungry entrepreneurs who want to build something new. All these guys do is build moats and protect their wealth to keep newcomers out. Disrupt! — www.businessinsider.…
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r/technology
r
on reddit
Billionaire Larry Page Moves Businesses Amid California Tax Proposal - Business Insider
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@realmfoster
Michael Foster
on x
It's hard for me to model the mind of someone who thinks the state government of California has a better capital allocation track record than Jensen Huang. Sorry Jensen, the People insist that you hold onto your money.
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@tojamesconnor
James Connor
on x
More billionaires should be as cool as Nividia CEO, Jensen Huang. Dude may pay around $7 billion in taxes and still have $148 billion. He knows he's going to be perfectly fine.
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@firstadopter
Tae Kim
on x
Any framing of this as an endorsement is ridiculous. Nvidia is stuck because its employees live near Santa Clara. Jensen moving states would cause a large business disruption with the way he manages the company. But that doesn't mean the wealth tax is a good idea for California
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@danprimack
Dan Primack
on x
Nvidia CEO Jensen Huang said he isn't concerned about a billionaires tax under consideration in his home state of California https://www.bloomberg.com/...
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@jimthegiant
@jimthegiant
on x
Going to be interesting to see which billionaires start to realise this is the only approach they can take. Everything else is societal collapse.
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@mattbruenig
Matt Bruenig
on x
It's so funny to look at these figures. Huang would have to pay a one-time $7 billion sum on $155 billion fortune. “Who cares” is absolutely the appropriate reaction. It means nothing to him. David Sacks types look like the biggest babies in the world. [image]
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@aaronbastani
Aaron Bastani
on x
The man who is basically responsible for US growth in 2025 - and who created a $4 trillion company - doesn't care if there is a tax on billionaires. 🤣
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@iamtexture
@iamtexture
on x
You cannot give an addict free drugs and expect them to then leave you alone. The government is the addict and taxes its drug.
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@laurajnelson
Laura J. Nelson
on bluesky
How does Nvidia CEO Jensen Huang feel about California's proposed billionaire tax? — “We chose to live in Silicon Valley, and whatever taxes I guess they would like to apply, so be it. I'm perfectly fine with it.” www.bloomberg.com/news/article...
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@laurajnelson
Laura J. Nelson
on bluesky
And where is the SEIU-UHWW, the union sponsoring the billionaire tax measure, on all of this? They're glad that “much like the overwhelming majority of billionaires, Mr. Huang will not be uprooting his life or business to make an ideological point.” [image]