Sergey Brin and Larry Page appear to be reducing their presence in the state where they co-founded Google.<\/p>\n
The New York Times reports that in December, 15 limited liability companies overseeing Brin\u2019s investments and interests were terminated or converted into Nevada entities<\/a>. Those include LLCs that manage one of his superyachts and his interest in a private terminal at the San Jose International Airport.<\/p>\n Similarly, 45 LLCs associated with Page have recently become inactive or moved out of state, and a trust associated with Page bought a $71.9 million mansion in Miami this week, according to the NYT.<\/p>\n Clearly, moving is not a simple, black-and-white thing for the ultra-rich, and Brin and Page both still own homes in the state, the NYT says. Still, these moves suggest that at least two of California\u2019s billionaires are indeed hoping to dodge a prospective ballot measure<\/a> that would impose a one-time, 5% tax on individuals worth more than $1 billion.<\/p>\n If the measure makes it onto the ballot in November and actually passes, it would retroactively apply to anyone who lived in the state as of January 1 of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"Sergey Brin and Larry Page appear to be reducing their presence in the state where they co-founded Google.…\n","protected":false},"author":2,"featured_media":129608,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,14624,57041,36511],"class_list":{"0":"post-129607","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-california","9":"tag-california-headlines","10":"tag-california-news","11":"tag-google","12":"tag-larry-page","13":"tag-sergey-brin"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/129607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=129607"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/129607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/129608"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=129607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=129607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=129607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}