In 2020, he announced on Twitter that he will be selling all his physical possessions, including his real estate.
I am selling almost all physical possessions. Will own no house.— Elon Musk (@elonmusk) May 1, 2020
In 2019, WSJ reported Musk owned six homes clustered in Bel Air near the Hotel Bel-Air along with a 100-year-old estate in Hillsborough, which is in northern California.
Between June 2020 and November 2021, Musk sold off all seven homes, taking in about $128 million, making a profit of around $25 million.
The buyers of the houses include Kirill Evstratov, founder and CEO of financial tech company Unlimint, splashy L.A. developer Ardie Tavangarian, and William Ding, the Chinese billionaire and founder of mobile gaming company NetEase.
Musk also sold another one of his properties, the former home of the late actor and director Gene Wilder, to Wilder’s 53-year-old nephew, Jordan Walker-Pearlman.
Four of Musk’s houses in Bel-Air went to Tavangarian, 63, who is known for his massive spec houses in Los Angeles. Tavangarian says he’s considering combining the four properties.
According to WSJ sources, Musk is now living in a home in Boca Chica, Texas that he rents from SpaceX. The company has its rocket-launch facility located nearby.
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