Google billionaire Larry Page has been granted New Zealand residency
Larry Page, the billionaire Google co-founder, has been granted residency in New Zealand and spent time in the country during the coronavirus pandemic, the New Zealand government confirmed to CNBC Friday.
Page, 48, applied for New Zealand residence in November 2020 via the nation’s “Investor Plus” residency visa but the application was unable to be processed because he was offshore at the time.
The visa, which requires applicants to have NZ$10 million ($7 million) to invest in New Zealand over a three-year period, was then processed after he landed in Auckland on Jan. 12, one day after the Page family filed an urgent application for the son to be evacuated from Fiji due to 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 said in a statement.
New Zealand health minister Andrew Little told Parliament on Thursday the nation gets roughly 100 medevac requests a year. “I’m advised all of the normal steps occurred in this case,” he said in response to a question about how Page had managed to enter New Zealand when the borders were shut to non-residents. Throughout the coronavirus pandemic, New Zealand has kept its infection rates low by refusing entry to overseas travelers.
“Immigration New Zealand can confirm Larry Page met relevant requirements to be approved entry to New Zealand,” a spokesperson told CNBC.
Jacinda Ardern, New Zealand’s prime minister, said before Parliament that she hadn’t been briefed on Page’s visit. “With all [medevac] cases, those are decisions for clinicians, and I absolutely trust our clinicians to make decision,” Ardern said.
Located in relative isolation from the largest population centers of the world, New Zealand has become a popular destination with high net worth individuals in recent years.
The sparsely populated country, home to around 5 million people, has been hailed as one of the best places in the world to ride out a societal collapse, as it’s relatively self-dependent in terms of food and energy. It also boasts a temperate climate and a stable political system.
The news of Page’s visit and his residency has reignited a longstanding debate over whether the super rich can essentially buy access the South Pacific county as and when they want. Billionaire Peter Thiel, who co-founded PayPal and profited from an early bet on Facebook, was granted Kiwi citizenship in 2017 even though he’d only spent 12 days in New Zealand.
Thiel has invested in local start-up Xero and bought property across the country, as well as a 193-hectare estate in Wanaka on New Zealand’s rugged South Island. While he is yet to build anything on the site, he has been in contact with at least three architects.
OpenAI CEO Sam Altman told the New Yorker in 2016 that he and Thiel plan to get on a private jet and fly to one of Thiel’s properties in New Zealand in the event of some kind of systemic collapse event.
George Kurtz, chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.
Patrick T. Fallon | Bloomberg | Getty Images
CrowdStrike shares fell 7% in extended trading on Tuesday after the security software maker issued a weaker-than-expected revenue forecast.
Here’s how the company did against LSEG consensus:
- Earnings per share: 73 cents, adjusted vs. 65 cents expected
- Revenue: $1.10 billion vs. $1.10 billion expected
Revenue increased by nearly 20% in the fiscal first quarter, which ended on April 30, according to a statement. The company registered a net loss of $110.2 million, or 44 cents per share, compared with net income of $42.8 million, or 17 cents per share, in the same quarter last year.
Costs rose in sales and marketing as well as in research and development and administration, partly because of a broad software outage last summer.
For the current quarter, CrowdStrike called for 82 cents to 84 cents in adjusted earnings per share on $1.14 billion to $1.15 million in revenue. Analysts polled by LSEG were expecting 81 cents per share and $1.16 billion in revenue.
CrowdStrike bumped up its guidance for full-year earnings but maintained its expectation for revenue. The company now sees $3.44 to $3.56 in adjusted earnings per share, with $4.74 billion to $4.81 billion in revenue. The LSEG consensus was $3.43 per share and $4.77 billion in revenue. The earnings guidance provided in March was $3.33 to $3.45 in adjusted earnings per share.
Also on Tuesday, CrowdStrike said it had earmarked $1 billion for share buybacks.
“Today’s announced share repurchase reflects our confidence in CrowdStrike’s future and unwavering mission of stopping breaches,” CEO George Kurtz said in the statement.
As of Tuesday’s close, the stock was up 43% so far in 2025, while the S&P 500 index had gained less than 2%.
Executives will discuss the results on a conference call with analysts starting at 5 p.m. ET.
WATCH: Trade Tracker: Malcolm Ethridge buys more CrowdStrike, Palo Alto Networks, Spotify and Oracle
An attendee wearing a cow costume while playing Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the Excel London international exhibition and convention centre in London on April 11, 2025.
Isabel Infantes | Reuters
Nvidia CEO Jensen Huang on Tuesday talked up the capabilities of Nintendo‘s new Switch 2, days before the long-awaited console is set to hit store shelves.
In a video posted by Nintendo, Huang called the chip inside the Switch 2 “unlike anything we’ve built before.”
“It brings together three breakthroughs: The most advanced graphics ever in a mobile device, full hardware ray tracing, high dynamic range for brighter highlights and deeper shadows, and an architecture that supports backward compatibility,” Huang said.
He added that the console has dedicated artificial intelligence processors to “sharpen, animate and enhance gameplay in real time.”
Huang’s comments come as Nintendo prepares to release the Switch 2 on Thursday. The Switch 2 is Nintendo’s first new console in eight years, and it is expected to be a bigger and faster version of its predecessor. The device costs $449.99.
Huang also paid tribute to the vision of former Nintendo CEO Satoru Iwata, who died before the original Switch was released.
“Switch 2 is more than a new console,” Huang said. “It’s a new chapter worthy of Iwata Son’s vision.”
WATCH: Nintendo expects to sell 15 million units of the Switch 2
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