\n<\/p>\n
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<\/div>\n