Google's Larry Page moves businesses from California amid billionaire tax
07 Jan 2026

Larry Page, the billionaire co-founder of Google, has officially moved his business interests out of California.

The move is likely influenced by a proposed new wealth tax in the state.

Page's family office, Koop, was converted from California to Delaware in late December 2025.

He is currently the world's second richest person with a net worth of $258 billion, according to Forbes Real-time Billionaires Index.

Page's business entities relocated to Delaware
Business relocation

Along with his family office, Page also moved several other business entities to Delaware.

These include Flu Lab LLC, which he has used for influenza research and development, and One Aero, which has financed his flying car projects.

Dynatomics LLC, a new start-up focused on using AI in aircraft manufacturing that Page launched in 2023, was also moved from California to Delaware with a new principal address in Keller, Texas.

Page's potential move to Florida amid proposed tax
Tax implications

The New York Times had reported in December that Page was considering a move to Florida due to a proposed ballot measure taxing the state's wealthiest residents.

If passed, the measure would impose a 5% tax on assets of California residents worth over $1 billion.

A source close to Page said he had already left California, but it remains unclear if this is a permanent relocation.

Page's wife also moved her charity to Delaware
Charity relocation

Along with his business entities, Page's wife Lucinda Southworth, a scientist, also moved her marine-conservation charity Oceankind from California to Delaware in December.

The move likely highlights the couple's preference for Delaware as a state for incorporation due to its favorable tax structure and privacy provisions.

The state does not require LLCs to disclose directors' names and addresses when incorporating, providing an extra layer of privacy.