Google billionaire Larry Page has been granted New Zealand residency

Alphabet CEO, Larry Page. 

Emmanuel Dunand | AFP | GettyImages

Larry Page, the billionaire Google co-founder, has been granted residency in New Zealand and frolicked within the nation through the coronavirus pandemic, the New Zealand authorities confirmed to CNBC Friday.

Page, 48, utilized for New Zealand residence in November 2020 through the nation’s “Investor Plus” residency visa however the software was unable to be processed as a result of he was offshore on the time.

The visa, which requires candidates to have NZ$10 million ($7 million) to put money into New Zealand over a three-year interval, was then processed after he landed in Auckland on Jan. 12, someday after the Page household filed an pressing software for the son to be evacuated from Fiji on account of a medical emergency.

“Once Mr. Page entered New Zealand, his application was able to be processed and it was approved on 4 February 2021,” Immigration New Zealand mentioned in a press release.

New Zealand well being minister Andrew Little informed Parliament on Thursday the nation will get roughly 100 medevac requests a yr. “I’m advised all of the normal steps occurred in this case,” he mentioned in response to a query about how Page had managed to enter New Zealand when the borders had been shut to non-residents. Throughout the coronavirus pandemic, New Zealand has saved its an infection charges low by refusing entry to abroad vacationers.

“Immigration New Zealand can confirm Larry Page met relevant requirements to be approved entry to New Zealand,” a spokesperson informed CNBC.

Jacinda Ardern, New Zealand’s prime minister, mentioned earlier than Parliament that she hadn’t been briefed on Page’s go to. “With all [medevac] cases, those are decisions for clinicians, and I absolutely trust our clinicians to make decision,” Ardern mentioned.

Located in relative isolation from the most important inhabitants facilities of the world, New Zealand has grow to be a preferred vacation spot with excessive web price people lately.

The sparsely populated nation, dwelling to round 5 million folks, has been hailed as one of the best places in the world to experience out a societal collapse, because it’s comparatively self-dependent when it comes to meals and power. It additionally boasts a temperate local weather and a steady political system.

The information of Page’s go to and his residency has reignited a longstanding debate over whether or not the tremendous wealthy can basically purchase entry the South Pacific county as and when they need. Billionaire Peter Thiel, who co-founded PayPal and profited from an early guess on Facebook, was granted Kiwi citizenship in 2017 though he’d solely spent 12 days in New Zealand.

Thiel has invested in local start-up Xero and acquired property throughout the nation, in addition to a 193-hectare property in Wanaka on New Zealand’s rugged South Island. While he’s yet to build anything on the site, he has been in touch with no less than three architects.

OpenAI CEO Sam Altman informed the New Yorker in 2016 that he and Thiel plan to get on a personal jet and fly to considered one of Thiel’s properties in New Zealand within the occasion of some sort of systemic collapse occasion.


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