billionaire

Google cofounder Larry Page recently drew his line in the sand on a beach on the opposite side of California — and it cost him over $170 million.California has proposed the Billionaire Tax Act, which would impose a one-time 5% tax on residents worth over $1 billion. Page, whose net…

It’s a classic fight-or-flight response — with a billionaire’s twist.A proposed wealth tax in California prompted the state’s resident billionaires to consider whether they wanted to continue their residency if the one-time 5% tax is approved. Their reactions, said CFP professional Don Hilario, who works with financial planning clients in…

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