Larry Page—Moved business assets out of California ahead of proposed billionaire tax
Larry Page's family office Koop was converted from California and reincorporated in Delaware in late December 2025. He purchased $173.4 million in Miami real estate in January 2026. The moves came ahead of California's proposed wealth tax that would require billionaires worth over $1 billion to pay 5% of assets. Page, worth approximately $270 billion, would owe roughly $13 billion under the proposal.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Tax Practices | -against | primary | -1.00 |
| Overall incident score = | -0.572 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)
Evidence (1 signal)
Moved business assets out of California ahead of proposed billionaire tax
Larry Page's family office Koop was converted from California and reincorporated in Delaware in late December 2025. He purchased $173.4 million in Miami real estate in January 2026. The moves came ahead of California's proposed wealth tax that would require billionaires worth over $1 billion to pay 5% of assets. Page, worth approximately $270 billion, would owe roughly $13 billion under the proposal.