Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound

In just a couple of weeks, Californians will vote on ballot measure Prop 40 —a highly debated measure that would require a one-time 5% tax on the state’s billionaires who lived there as of Jan. 1, 2026. While some billionaires like Nvidia CEO Jensen Huang are “ perfectly fine ” with the measure, others left the state ahead of the cutoff. One was Larry Page, the 53-year-old Google cofounder who had ties to California for decades and began severing them after the wealth tax proposal .

Source: Fortune Crypto