After ‘cutting ties’ with America’s Silicon Valley, Google cofounder Larry Page buys Florida property and it cost him…

Google cofounder Larry Page, who left California beating the deadline on a proposed wealth tax targeting the state's richest residents, has bought a property on the tropical coastline of South Florida.

According to a report, Page has acquired two massive estates in Miami’s Coconut Grove for an amount exceeding $170 million.

He is the latest in a string of ultra-high-net-worth individuals to relocate to the US state, and his exit from California comes as the state prepares to vote on a “Billionaire Tax” act.Citing property records, Business Insider reports that Page initiated his move in December 2025 by first purchasing a 4.5-acre compound for $101.5 million. He then acquired a second property less than a mile away in January for an additional $71.9 million through his Tropical Frontier Revocable Trust

Google founder Sergey Brin also moves out of California

Earlier this month, a report claimed that Google founder Sergey Brin also shifted an entity tied to them out of California.

T-Rex LLC, formed in 2006 and long managed from Palo Alto is converted into a Delaware-based company called T-Rex Holdings on December 24, 2025. Brin, however, still remains tied to various California-based entities, such as the Sergey Brin Family Foundation and Bayshore Global Management.

Larry Page not the first tech mogul to move out of California

Reports indicate that the Page not only moved his residence but also moved several of his business entities from California to Delaware, Florida and Texas.

This mirrors the actions of other industry titans, most notably Amazon founder Jeff Bezos, who recently built his own high-security compound in Miami’s Biscayne Bay.

Why billionaires are leaving California

This move from Page comes as California is considering a 5% one-time tax on billionaires. A ballot measure slated for November 2026, and if it gets approval, then a tax would apply retroactively to residents as of January 1, 2026. Attorneys have warned Governor Gavin Newsom that the Billionaire wealth tax proposal could lead to an 'exodus of capital and innovation' from the state.