Google Co-Founder Larry Page Is Reportedly Exiting California In Style. The 2 Miami Estates He Bought Cost A Whopping $173M

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Google co-founder Larry Page has bought 2 sprawling waterfront estates successful Miami's Coconut Grove vicinity for a combined $173.4 million, successful what seems to beryllium different measurement to sever his ties with California successful lieu of a connection to taxation affluent California residents, The Wall Street Journal reported.

The projected ballot inaugural would enforce a one-time 5% taxation connected the assets of billionaires and use retroactively to residents arsenic of this past Jan. 1. That item has sparked urgency among ultra-wealthy residents.

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Page paid $101.5 cardinal successful December for a 4.5-acre waterfront compound connected Biscayne Bay, according to the Journal. He followed that woody days aboriginal with a $71.9 cardinal acquisition of a adjacent off-market property little than a mile away.

Miami-area agents told the Journal that affluent buyers from the San Francisco country person been moving accelerated since the taxation connection surfaced. “Pretty overmuch each different time I'm showing spot to a lawsuit from the San Francisco Bay Area,” Douglas Elliman existent property cause Dina Goldentayer told the Journal. “Every speech I overhear, they're talking astir the wealthiness taxation and however it's retroactive. They're successful a hurry and they're each looking astatine the aforesaid houses.”

The $101.5 cardinal property includes 2 superior residences, 1 primitively designed successful the 1920s for erstwhile Secretary of State William Jennings Bryan and different built astir 2002 with a gym, spa and resort-style pool. The 2nd spot spans astir 17,000 quadrate feet and was built astir 2015.

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Page’s existent property splurge lines up with a broader pullback from California. He has converted aggregate concern entities retired of the authorities up of the Dec. 31, 2025, deadline tied to the 2026 Billionaire Tax Act, Business Insider reported. His household bureau and respective concern and probe vehicles were reincorporated successful Delaware, with immoderate listing caller main addresses successful Florida oregon Texas.

A root adjacent to Page told BI that helium has already near California. Under authorities law, residency is determined by the quality of a person’s ties, including clip spent successful the authorities and the determination of large concern interests.