Google cofounder Larry Page has quietly joined the growing wave of billionaires leaving California, following a path that looks strikingly similar to Jeff Bezos’. Page recently spent about $173 million on two ultra-luxury waterfront mansions in Miami’s Coconut Grove — a move that mirrors Bezos’ high-profile shift to Florida and signals a major break from Silicon Valley.
According to reports, Page bought two neighboring estates in late December and early January, paying roughly $101.5 million for one and $71.9 million for the other in an off-market deal. One of the homes features 13 bedrooms and sits directly on the water, while the second nearly doubled in value in under five years. Together, the purchases place Page in one of Miami’s most exclusive enclaves, long favored by global elites seeking privacy, prestige, and tax advantages.
Real-estate experts say Page’s move reflects a broader migration of wealthy Californians to South Florida, driven by both lifestyle upgrades and concerns over looming tax changes. The relocation doubles as a luxury investment and a strategic financial decision — especially as California lawmakers push proposals aimed at taxing the ultra-rich more aggressively.
Behind the scenes, Page has also been cutting formal ties with California. Regulatory filings show he has moved parts of his family office and key investment entities out of the state, reincorporating some in Delaware and listing new business addresses in Florida. The shift comes as California debates a proposed wealth tax that could impose a 5% annual levy on billionaires’ global assets — a policy that analysts say could cost Page more than $10 billion if enacted.
The parallels to Jeff Bezos are hard to miss. Bezos relocated to Miami in 2023 and quickly built a massive compound in Indian Creek Village — often called “Billionaire Bunker” — spending around $237 million while reportedly saving close to $1 billion in taxes. Like Bezos, Page appears to be leveraging Florida’s lack of state income tax and business-friendly environment to reposition his personal and financial empire.
Together, their moves highlight Miami’s growing role as a new power center for tech and finance, accelerating a migration of capital that began during the pandemic. As more ultra-wealthy founders reassess where they live and base their assets, Page’s Florida pivot sends a clear message: when tax policy shifts, there’s now a well-worn billionaire playbook for making an exit.