LOS ANGELES: Google co-founder Larry Page has gained New Zealand residency, raising debate over whether extremely wealthy people can essentially buy access to the country.
Immigration New Zealand said Page first applied for residency in November under a special visa open to people with at least 10 million New Zealand dollars ($7 million) to invest.
“As he was offshore at the time, his application was not able to be processed because of COVID-19 restrictions,” the agency said in a statement. “Once Mr Page entered New Zealand, his application was able to be processed and it was approved on 4 February 2021.”
Gaining New Zealand residency would not necessarily affect Page’s residency status in the US or any other nation. New Zealand lawmakers confirmed that Page and his son first arrived in New Zealand in January after the family filed an urgent application for the son to be evacuated from Fiji due to a medical emergency.
He was responding to questions about how Page had managed to enter the country at a time when New Zealand had shut its borders to non-residents in an attempt to stop the spread of the coronavirus. he told lawmakers the family had abided by applicable virus protocols when they arrived.
Page’s residency application was approved about three weeks later. Immigration New Zealand noted that while Page had become a resident, he didn’t have permanent residency status and remained subject to certain restrictions.
Still, the agency on its website touts the “Investor Plus” visa as offering a “New Zealand lifestyle,” adding that “you may be able to bring your car, boat and household items to New Zealand, free of customs charges.”
Forbes has ranked Page as the world’s sixth-wealthiest person, with a fortune of $117 billion. Forbes noted that Page stepped down as chief executive of Google’s parent company Alphabet in 2019 but remained a board member and controlling shareholder.
In 2017, it emerged that Silicon Valley billionaire Peter Thiel had been able to gain New Zealand citizenship six years earlier, despite never having lived in the country. Thiel was approved after a top lawmaker decided his entrepreneurial skills and philanthropy were valuable to the nation.
Thiel didn’t even have to leave California for the ceremony and was granted citizenship during a private ceremony held at the New Zealand Consulate in Santa Monica.
