Larry Page appears to be voting with his real-estate portfolio. The Google co-founder and longtime California resident has quietly bought a pair of estates in Miami for a combined $173.4 million, reports the Wall Street Journal. The move comes ahead of a proposed one-time tax on billionaires in California that would collect 5% of their assets. "Pretty much every other day I'm showing property to a client from the San Francisco Bay Area," Miami real estate agent Dina Goldentayer tells the newspaper, adding that buyers are focused on the proposed tax and "in a hurry." Several agents tell the Journal they were unable to discuss specific deals because of strict nondisclosure agreements.
And it's not just real estate: The New York Times reports that Page and fellow Google co-founder Sergey Brin have been busy moving their business interests out of state. The newspaper found that 45 limited liability companies linked to Page filed the necessary paperwork to do so late last year; 15 such companies linked to Brin did the same. Other billionaires including Peter Thiel and David Sacks have made similar moves out of state. If the tax proposal gains enough signatures, the measure will be on the November ballot, and it would retroactively apply to billionaires who lived in the state as of Jan. 1, 2026. They would have five years to pay.
Page, with an estimated worth of $280 billion, isn't alone in looking at Florida. The state recorded 19 sales above $50 million in 2025, surpassing New York and California, and Miami notched four deals over $100 million, including hedge fund billionaire Ken Griffin's $106.9 million Coconut Grove purchase in 2022, per the Journal. Page bought two properties there, including one that belonged to the late restaurateur Jonathan Lewis. He still has a home in Palo Alto, California, as well as New Zealand residency.