Google cofounders Sergey Brin and Larry Page are reducing their connections to California, the state where they built one of the world’s biggest tech companies. This comes as California plans a proposed wealth tax that could affect the richest residents.
Records show that Brin and Page have moved several of their business companies out of California. One example is T‑Rex LLC, a company managed in Palo Alto, which was changed into T‑Rex Holdings in Delaware in late December 2025. The new company lists its main office in Reno, Nevada, while Brin and Page remain in charge.
Brin has either closed or moved around 15 California-based companies linked to his investments, including a private yacht and airport projects. Page has acted even more, moving more than 45 companies out of California or making them inactive, while relocating his family office and other businesses to Delaware and other states. He has also bought a luxury property in Miami, showing that he is spreading his personal and business presence across different states.
The timing of these changes is connected to a California ballot measure expected in November 2026. If approved, the law would tax residents with net worth over $1 billion at 5 percent. The tax could be applied retroactively from January 1, 2026. Critics say this might cause wealthy people to leave the state.
Other tech leaders, like LinkedIn founder Reid Hoffman, have spoken against the tax, saying high taxes could slow down innovation and investments. Brin and Page’s move shows how new tax laws may influence where billionaires keep their businesses and homes.
By moving companies and personal offices out of California, Brin and Page are preparing for the possible tax while continuing their investments and lifestyle in other states. Their decision has attracted attention because it highlights the impact of wealth taxes on some of the world’s richest people.
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