Elon Musk has now sold the seven properties he owned in California after promising to ‘own no house’, according to The Times.
Back in 2020, Musk publicly declared that he was selling everything he owned, including his real estate.
The billionaire tweeted in May that year: “I am selling all physical possessions. Will own no house.”
Since then, Musk appears to have been true to his word – having reportedly sold his 47-acre Silicon Valley home in San Francisco for $30 million (£23 million) last December.
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Now he’s got rid of some more, with The Times reporting that Musk recently sold seven properties – including mansions in Bel Air – for ‘about $128 million’, in turn giving him a profit of about $25 million.
Four of the homes in Bel Air were sold to Los Angeles property developer Ardie Tavangarian, who said he was thinking about combining them – although this idea depends on planning permission.
Another house that once belonged to Hollywood actor Gene Wilder was sold to the Hollywood actor’s nephew, Jordan Walker-Pearlman, who bought it on Musk's condition that it would not be ‘torn down or lose any of its soul’.
Kirill Evstratov, who runs a technology company, also snapped up Musk’s estate in Hillsborough, northern California, for $30 million, while Chinese billionaire William Ding paid $29 million for a mansion in Bel Air.
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After vowing to sell off all of his properties, Musk has been downsizing from his many mansions to a rented home in Texas near SpaceX’s rocket launch site.
Last June, he tweeted: “My primary home is literally a $50k house in Boca Chica/Starbase that I rent from SpaceX.
“It’s kinda awesome though.”
Musk’s on-again, off-again partner Grimes recently revealed to Vanity Fair that he is very much a minimalist man.
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"Bro does not live like a billionaire... Bro lives at times below the poverty line,” the Canadian singer, who has two children with Musk, explained to the news outlet.
"To the point where I was like, 'Can we not live in a very insecure $40,000 house? Where the neighbors, like, film us, and there's no security, and I'm eating peanut butter for eight days in a row?'"
She added that Musk ‘wouldn’t even get a new mattress’ because he didn't want to splash out.
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Grimes - whose real name is Claire Boucher - said Musk is heavily investing in his various business ventures, continuing: "People are like, 'He's hoarding money!' No, he's spending everything on [research and development]."
She said Musk's project to get humans on Mars is obviously taking up a huge sum of cash, but she believes the 'expensive' mission is 'for the benefit of humanity'.
"Bro might say a lot of stupid s**t, but he does the right thing," she added.
Jess Hardiman