Filings show the Google cofounder transferred multiple companies out of California before a deadline tied to a potential state wealth tax.
By yourNEWS Media Newsroom
Google cofounder Larry Page has moved a number of his business entities out of California, completing the transfers before a year-end deadline connected to a proposed billionaire wealth tax that could significantly affect the state’s richest residents.
According to reporting by Business Insider, Page finalized the restructuring in late December, shifting several companies to other states as California lawmakers and activists advance a ballot measure aimed at imposing new taxes on ultra-high-net-worth individuals. The filings reviewed by the outlet show the moves were completed ahead of a December 2025 cutoff tied to the proposal. Page is currently ranked as the world’s second-richest person.
Page’s family office, Koop, converted its incorporation from California to Delaware, a change that was mirrored across multiple affiliated entities involved in his investments and research initiatives. Among them was Flu Lab LLC, which Page has used to support influenza research and which now lists its principal office in Nevada. Another entity, One Aero, associated with Page’s long-standing interest in experimental aviation and flying car technology, was also converted to Delaware and now lists Florida as its main office location.
Additional filings show Dynatomics LLC was transferred from California to Delaware, with a new principal address in Keller, Texas. Page launched Dynatomics in 2023 to explore the application of artificial intelligence to aircraft manufacturing. A source familiar with the operation told Business Insider that the company’s team, led by Chris Anderson, continues to work from California, though neither Anderson nor representatives for Page commented publicly on the restructuring.
The New York Times previously reported that Page had informed associates he was considering relocating to Florida as California advanced a proposed ballot initiative that would levy a five percent annual tax on the assets of residents with net worths exceeding $1 billion. If approved by voters, the measure would apply retroactively to individuals classified as California residents as of January 1, 2026.
Under California law, residency determinations are based on factors such as physical presence in the state and the maintenance of substantial business and personal ties. According to a source cited by Business Insider, Page has already left California, though it remains unclear whether the move is intended to be permanent.
Page’s business restructuring has also drawn attention because of Google’s long-standing public alignment with progressive political causes, a contrast noted in prior reporting on the company’s internal culture, including coverage by Breitbart.
Privacy has long been a priority for Page, whose family office operates with limited public disclosure. Koop is overseen by CEO Wayne Osborne, and attorney Cristina Rosado signed several of the California filings on behalf of Page and related entities.
More details on the filings and the timing of the moves were reported by Business Insider, which reviewed the documents confirming the transfers.
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