Google co-founders could leave California

Sergey Brin and Larry Page appear to be scaling back their presence in the state where they co-founded Google.

The New York Times reports that in December, 15 limited liability companies overseeing Brin’s investments and interests were terminated or converted to Nevada entities. These include the LLC companies that manage one of its superyachts and its stake in a private terminal at San Jose International Airport.

Likewise, 45 LLCs associated with Page recently became inactive or left the state, and a trust associated with Page purchased a $71.9 million mansion in Miami this week, according to the New York Times.

Clearly, moving isn’t a simple, black-and-white thing for the ultra-wealthy, and Brin and Page still own homes in the state, according to the New York Times. Yet these measures suggest that at least two of California’s billionaires are indeed hoping to dodge a prospective voting measure it would impose a one-time 5% tax on individuals worth more than $1 billion.

If the measure passes in November and actually passes, it would apply retroactively to anyone residing in the state as of Jan. 1 of this year.