Archive · 11 Jan 2026

Google Founders Move Businesses Out of California

Google Founders Move Businesses Out of California

Larry Page and Sergey Brin, the founders of Google, are moving many of their business companies out of California.

They are moving them to Nevada.

This is because there might be a new rule in California that would make very rich people pay a special tax.

This tax would be 5% of all their money.

Some people think this tax is a good idea, but others think it will make rich people leave California.

Larry and Sergey still have some connections to California, but they are spending less time there.

Other rich people, like Peter Thiel and David Sacks, are also moving some of their businesses to other states because of this possible tax.

Sources