US EditionGoogle Billionaire Larry Page Copies the Jeff Bezos Playbook, Buying a $173 Million Miami Compound that Will Save Him Millions in Taxes
The move by Google cofounders' family office LLC to Delaware aims to avoid a proposed 5% California wealth tax on assets over $1 billion.
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2 famed tech billionaires give opposite reactions to Calif. wealth tax
Business Insider
Google cofounders Sergey Brin and Larry Page moved an LLC out of California ahead of proposed billionaire's tax
Google cofounded Sergey Brin and Larry Page attended the Vanity Fair Oscar Party in 2007.Billy Farrell/Patrick McMullan via Getty ImagesT-Rex LLC, linked to Google founders Sergey Brin and Larry Page, moved from California to Delaware in late December.The move preceded a proposed California wealth tax targeting residents with assets over $1 billion.Page converted his family office from California to Delaware in late December amid tax concerns.An…
Google billionaire Larry Page copies the Jeff Bezos playbook, buying a $173 million Miami compound that will save him millions in taxes - Technology Shout
wall street journal Page reportedly snapped up two neighboring estates in Miami’s Coconut Grove district in off-market transactions, buying one oceanfront compound for about $101.5 million and another for $71.9 million, for a total outlay of about $173.4 million. One of the homes, previously listed for $135 million, has 13 bedrooms and 15.5 bathrooms and sits directly on the water, while the second, purchased from heiress Sloan Lindemann Barnett…
Google co-founder Larry Page has purchased two huge Miami mansions for a combined $173.4 million, as Silicon Valley tycoons flock to Florida in response to California's planned tax on the wealthy.
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