Realtor.com
Some billionaires may be leaving California as threat of wealth tax looms
Published:
Billionaire Google co-founder Larry Page has reportedly splashed out more than $173 million to snap up two mansions in the tony Miami enclave of Coconut Grove—days before it was claimed that the tech mogul has moved his business interests out of California ahead of a potential tax on the state’s wealthiest residents.
Page, 52, is understood to have purchased two opulent dwellings in the exclusive community, which has long been home to some of the world’s wealthiest and most privileged, the first of which he bought for $101.5 million on Dec. 29, according to the Wall Street Journal.
