Overview
- State filings show Page converted his family office, Koop, to Delaware and shifted other entities: Flu Lab to Nevada, One Aero to Delaware with a Florida address, and Dynatomics to Delaware with a Texas address.
- Reports indicate Page has left California and deepened ties to Florida, while figures such as Peter Thiel, David Sacks, and Larry Ellison have moved assets or opened offices in Florida or Texas.
- Bloomberg reporting cited by multiple outlets says at least six billionaires cut ties before the Jan. 1 residency date, with more considering exits, even as some like Nvidia’s Jensen Huang say they will stay.
- Huang said he is unconcerned about the proposed one-time 5% levy and plans to remain in Silicon Valley, underscoring a split response among the ultra-wealthy.
- The SEIU–UHW-backed initiative would tax net worth above $1 billion once, payable over five years with most funds aimed at healthcare and other programs; it has not yet qualified for the November 2026 ballot and excludes real estate and most retirement accounts, according to the Legislative Analyst’s Office.