Archive · 23 Jul 2026
Google co-founders invest $225M in Miami real estate
Larry Page and Sergey Brin, the co-founders of Google, have spent a lot of money buying fancy houses and expanding their company's office in Miami.
They are moving some of their business and homes from California to Florida because California wants to tax very rich people more.
Florida doesn't have a state income tax, which makes it a better place for them to live and work.
Other rich tech leaders are also moving to Miami, making it a new place for technology and finance.
Google co-founders Larry Page and Sergey Brin invested $225 million in Miami real estate.
Alphabet expanded its Miami office space to 45,000 square feet.
Page bought the $101.5 million Banyan Ridge estate and another waterfront property.
Brin purchased a $51 million waterfront mansion in Miami Beach.
The moves come as California considers a wealth tax, prompting billionaires to relocate to Florida.
- Who
- Larry Page and Sergey Brin, co-founders of Google
- What
- Invested $225 million in Miami real estate and expanded Alphabet's office space
- When
- Over the past year
- Where
- Miami, Florida
- Why
- To avoid California's proposed wealth tax and take advantage of Florida's no state income tax
Proponents of California Wealth Tax
Billionaires Relocating to Florida
Taxation and Wealth Redistribution
Proponents of California Wealth Tax
Proponents argue that a wealth tax is necessary to address income inequality and fund public services.
Billionaires Relocating to Florida
Billionaires argue that high taxes discourage investment and economic growth, leading them to relocate to states with lower taxes.
- Investment Amount
- $225 million
- Properties Purchased
- Banyan Ridge estate, waterfront mansion in Miami Beach
- Office Expansion
- 45,000 square feet in Miami's financial district
- California Wealth Tax
- Proposed ballot measure to tax ultra-wealthy residents
- Florida Tax Benefits
- No state income tax