Google Co-Founder Larry Page Moves Business Entities Out of California
Larry Page, co-founder of Google, has officially relocated several of his business interests out of California, meeting a deadline linked to the state’s proposed wealth tax for billionaires. As it stands, Page is the second richest individual globally.
Recent reports indicate that Page has completed moving many of his ventures out of California before the December 2025 cutoff associated with the wealth tax initiative. Public records reviewed show a significant trend among billionaires reconsidering their business locations. It’s rather ironic, considering Google’s left-leaning reputation, that its founders are drawing a line when it comes to their finances.
According to filings, Page’s family office, known as Corp., transitioned from California to Delaware at the end of December. This shift included not just the family office but also several related businesses and investments.
One noteworthy entity that moved is Flu Lab LLC, which Page uses to support research on influenza. The company’s new headquarters is now in Nevada. Similarly, One Aero, which has invested in Page’s flying car venture, has updated its registration to Delaware and lists its main office in Florida.
Additional filings reveal that Dynatomics LLC has moved its base from California to Delaware, now establishing itself in Keller, Texas. Launched by Page in 2023, Dynatomics focuses on integrating AI technology into aircraft manufacturing. Despite the relocation, a source mentioned that the team, led by Chris Anderson, continues to work from California. Neither Anderson nor representatives from Page’s family office have commented on this transition.
In December, a report claimed Mr. Page mentioned a potential move to Florida partly due to a proposed tax aimed at the state’s wealthiest citizens. Should voters approve this proposal, it would impose a 5% tax on the assets of California residents with a net worth exceeding $1 billion.
California determines residency through various criteria, including time spent in the state and business connections. If the ballot measure passes in November, it would apply retroactively to individuals categorized as California residents from January 1, 2026.
A source has indicated that Page has already left California, though it’s uncertain if this move is permanent or temporary. According to the Bloomberg Billionaires Index, he remains the second wealthiest person in the world.
Privacy is a significant concern for Page, with his family office operating under a level of confidentiality that’s rare among similar organizations. CEO Wayne Osborne manages the office, while attorney Cristina Rosado has signed several filings for Page’s legal matters in California.
Some tech entrepreneurs, including Peter Thiel and Palmer Lackey, have criticized the wealth tax initiative. Reports indicate that both Thiel and Page are contemplating moving should the tax be enacted. Representative Ro Khanna, who serves parts of Silicon Valley, has referenced these discussions and notably remarked that the area would “miss them terribly,” despite previously opposing taxes on unrealized capital gains.
This move has prompted backlash from the tech community; Lackey, co-founder of defense startup Anduril, expressed concerns over the potential need for wealthy tech founders to liquidate significant portions of their businesses to meet tax obligations. He warned that inability to pay could lead to severe consequences, including foreclosure on homes and wage garnishments.
“One market correction, one nationalization case… and I’m really in trouble,” he commented.
