Google's co-founders, Sergey Brin and Larry Page, are seemingly reducing their California presence by terminating or relocating numerous LLCs to states like Nevada, potentially to avoid a proposed 5% wealth tax on billionaires. These moves, involving entities managing assets like superyachts and private airport interests, highlight the complex financial strategies employed by the ultra-rich in response to evolving tax policies, though both still maintain California residences.
Google's co-founders, Sergey Brin and Larry Page, are seemingly reducing their California presence by terminating or relocating numerous LLCs to states like Nevada, potentially to avoid a proposed 5% wealth tax on billionaires. These moves, involving entities managing assets like superyachts and private airport interests, highlight the complex financial strategies employed by the ultra-rich in response to evolving tax policies, though both still maintain California residences.