share this article!

GETTY IMAGES, FORBES ILLUSTRATION

You won’t locate the world’s third richest person among the billionaires if you look for him. Tesla cofounder and CEO Elon Musk revealed in early June that he now only owns one house (in the Bay Area) and that his primary residence is a tiny box house that he claims he rents from his rocket company, SpaceX, after selling most of his real estate assets and moving to Texas in the previous year.
The house, which is approximately 400 square feet in size, is located in Boca Chica, Texas, where SpaceX manufactures their Starships. According to Forbes, Musk has a net worth of $169.8 billion and rents a “foldable, prefabricated home” from Boxabl, a housing business. Musk tweeted that the house, which sells for around $50,000, is set up like a small studio apartment: One large space divided into four sections: living room, bedroom, kitchen, and bathroom. Unlike many other billionaires who live in luxurious mansions, Musk lives in a 20×20 foot temporary unit.
Last month, Musk said on Twitter, “It’s kinda fantastic.”

Boxabl tk tk tk tk tk tk tk tk tk

In reaction to criticism of his vast riches, the 50-year-old billionaire revealed plans to sell all of his properties and most of his belongings last year. Musk has virtually fulfilled his commitment, having sold six of his seven residences.
“The events house in the Bay Area is the only residence I own. If I sold it, it would be less used until it was purchased by a large family, which could happen sometime “Last month, Musk wrote on Twitter.
He acknowledged he had put it up for sale a few days later: “I made the decision to sell my final remaining home. All that is required is a visit to a huge family who will be residing there. It’s a unique location.”
Hillsborough, California is about midway between San Francisco and Silicon Valley, and the 47-acre property is located there. The “over 100-year-old mansion” has nine bedrooms and ten bathrooms and is 16,000 square feet. It’s Musk’s final remaining piece of real estate: He bought it for $23.4 million in 2017 and has now offered it on the market for $37.5 million.
In the last year, Musk has sold off a lot of his Los Angeles real estate, typically at very low profit margins, if any at all. In June 2020, he sold his first mansion on Chalon Road for $29 million, after purchasing it for $17 million in 2012.
He sold a 2,700 square foot ranch-style house that used to belong to Willy Wonka actor Gene Wilder for $7 million in October (Musk bought it for $6.75 million in 2013), with the stipulation that it “cannot be knocked down or lose any [of] its spirit.”
Musk sold four Bel Air houses for a total of $61.89 million in December; he paid almost $55 million for the four properties between 2015 and 2019. Musk has generated an estimated $19.2 million profit on his six property sales in the last year.
Musk’s real estate sale follows a legal dispute with the state of California. Last year, the billionaire chastised the state for imposing coronavirus-related limits on operations at Tesla’s Bay Area factory, which prompted Tesla to file a lawsuit, which was eventually abandoned, and stated that the state took entrepreneurs for granted. Musk confirmed his move to Texas in early December 2020, noting the fact that two of his most important projects—new Tesla’s plant and a SpaceX facility—are both located there.
However, it’s unclear whether Musk is renting any other properties in Austin. It’s also unclear whether he lives with his girlfriend, 32-year-old singer Grimes, and their 10-month-old child, X AE A-XII, who lives in Austin. With his first wife, Justine Wilson, Musk has five more children, but it’s unclear where they live.

Elon’s Homes on Somera Street, from left to right +1 (954) 958-955
Forbes’ Federico Winer

Sold for $29,719,000 on December 22, 2020.
Purchased for $24,250,000 on September 30, 2016.

Sold for $4,443,000 on December 22, 2020.
Purchased for $4,300,000 on July 10, 2015.

On December 22, 2020, the property was sold for $6,774,500.
Purchased for $6,400,000 on January 15, 2019.

Elon’s residences on Chalon Road are highlighted in red. From the left to the right Federico Winer for Forbes, 10947 10930 10911

Sold for $20,948,500 on December 21, 2020.
Purchased for $20,000,000 on July 28, 2015.

On October 8, 2020, the property was sold for $7,000,000.
Purchased for $6,750,000 on October 24, 2013.

Newsco/Dylan Stewart
On June 12, 2020, it was sold for $29,000,000.
Purchased for $17,000,000 on December 21, 2012./nRead More

share this article!