Core Insights - The article discusses the trend of high-profile tech billionaires, including Google co-founders Sergey Brin and Larry Page, and Meta's Mark Zuckerberg, relocating their assets and operations out of California, particularly to Florida, due to tax implications and the business environment [1][2][3]. Group 1: Relocation of Assets - Sergey Brin has moved a significant portion of his business out of California, terminating or relocating 15 California LLCs overseeing his investments just before Christmas [2]. - Mark Zuckerberg and his wife are purchasing a waterfront mansion in Miami, estimated to be worth between $150 million and $200 million, indicating a shift in their residence and possibly business operations [4]. Group 2: Tax Implications - Billionaire hedge fund manager Bill Ackman has criticized California's tax environment, suggesting that relocating could allow billionaires like Zuckerberg to avoid substantial wealth taxes, potentially exceeding $10 billion [3]. - California is considering a proposed billionaire tax, which would impose a one-time 5% tax on the wealth of the state's billionaires if approved by voters [3]. Group 3: Economic Commentary - Ackman has expressed a bleak outlook for California's economic future, stating "California is toast. Self-immolation," reflecting concerns about the state's business climate and tax policies [2]. - The article highlights the broader implications of these relocations for California's economy and the potential for other wealthy individuals to follow suit [2][3].