Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Nick Lichtenberg

Google billionaire Larry Page copies the Jeff Bezos playbook, buying a $173 million Miami compound that will save him millions in taxes

larry page (Credit: David Paul Morris/Bloomberg via Getty Images)

Google cofounder Larry Page has quietly—or loudly—joined the billionaire exodus from California, shifting businesses east and dropping about $173 million on two ultra-luxury waterfront mansions in Miami’s Coconut Grove in a move that looks strikingly similar to Jeff Bezos’ relocation playbook. The timing, structure, and destination of Page’s escape from Silicon Valley make his Florida pivot look downright Bezos-ian.​

In late December and early January, The Wall Street Journal reported, Page snapped up two neighboring estates in Miami’s Coconut Grove, paying roughly $101.5 million for one waterfront compound and $71.9 million for another in an off‑market deal, for a combined outlay of about $173.4 million. One of the homes, previously listed for $135 million, spans 13 bedrooms and 15.5 bathrooms and sits directly on the water, while the second, bought from heiress Sloan Lindemann Barnett and her husband Roger Barnett, nearly doubled in value in less than five years.​

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.