{
  "id": 15720731,
  "title": "Larry Page could dodge nearly $15 billion in taxes after leaving California and spending $173 million on a Miami compound",
  "url": "https://urgent.news/2026/10/20/larry-page-could-dodge-nearly-15-billion-in-taxes-after-leaving",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T07:07:00.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/20/larry-page-left-california-before-its-billionaire-tax-cutoff-and-spent-173-million-on-miami-mansions-hed-avoid-nearly-15-billion-if-it-passes/"
  },
  "original_language": "en",
  "account": "California voters will soon cast ballots on Prop 40, a measure that would impose a 5% tax on billionaires residing in the state as of January 1, 2026. Larry Page, the 53-year-old co-founder of Google and one of the wealthiest individuals in the world, with a net worth of $292 billion, is among those contemplating a departure from the Golden State. Page, who had long ties to California, has converted his family office to Delaware and invested $173.4 million on a Miami estate, as reported by the Wall Street Journal. Other tech billionaires, such as Jeff Bezos, Howard Schultz, Sergey Brin, and Peter Thiel, have followed suit. Florida offers no income, capital gains, or wealth taxes, appealing to the ultrawealthy. The measure, if passed, could raise over $100 billion, but opponents have already spent over $187 million against it. Two countermeasures, Props 41 and 42, aim to nullify Prop 40 if they garner more votes.",
  "summary": "The Google cofounder started cutting ties with the state last year. Californians vote Nov. 3 on whether to tax their billionaires.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}