Reviewed by Gotrade Internal Analyst
Jakarta, Gotrade News - Larry Page and Sergey Brin are reportedly moving their personal assets out of California.
This move happened just right before the deadline for a new wealth tax rule in the state kicks in.
This shift serves as an early signal of a potential massive capital exodus from the world's tech hub.
This is definitely relevant for you if you're monitoring Alphabet Inc. stock movements.
Key Takeaways
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The threat of a 5% tax on assets over $1 billion is triggering an asset shift among the ultra-rich.
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Dozens of the Google founders' business entities have now switched jurisdictions to Nevada and Delaware.
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This tax rule will apply retroactively starting January 1, 2026, if it passes the vote.
TechCrunch reported that 15 of Brin’s investment companies were terminated or converted into Nevada entities last December.
A total of 45 business entities associated with Page are also listed as inactive or have moved out of state.
Business Insider noted that one of their joint entities, T-Rex LLC, officially moved to Delaware at the end of 2025.
The company has now registered its main office address in Reno, Nevada.
California is currently considering a one-time 5 percent tax for individuals with wealth exceeding $1 billion.
If this rule passes in November, the tax will apply retroactively to residents living there as of January 1.
Attorney Alex Spiro has warned the Governor of California that this rule will trigger an exodus of capital and innovation.
Investors need to keep an eye on whether this trend will affect the stability of the business climate in Silicon Valley going forward.
Reference:
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TechCrunch, Google co-founders may be leaving California. Accessed on January 12, 2026
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Business Insider, Google cofounders Sergey Brin and Larry Page moved an LLC out of California ahead of proposed billionaire's tax. Accessed on January 12, 2026
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Featured Image: Business Insider
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