By TOI Tech Desk
Publication Date: 2026-01-09 07:57:00
Google founders Sergey Brin and Larry Page have now shifted an entity tied to them out of California, beating the deadline on a proposed wealth tax targeting the state’s richest residents. As reported by Business Insider, the fillings revealed that 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. The new filling reviewed by Business Insider also lists Reno, Nevada as its principal office with Brin and Page remaining managers. This move from Brin and Page comes as California is considering a 5% one-time tax on billionaires, a ballot measure slated for November 2026. If the California wealth tax gets approved then a tax would apply retroactively to residents as of January 1, 2026. Attorney’s for wealth clines have warned Governor Gavin Newsom that the Billionaire wealth tax proposal could lead to an ‘exodus of capital and innovation’ from the state.
