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Title: Where Elon Musk Lives Since He Pledged To Ditch ‘Almost All Physical Possessions’
Source: [None]
URL Source: https://www.forbes.com/sites/sergei ... l-possessions/?sh=6c5d088f4332
Published: Jul 3, 2021
Author: Sergei Klebnikov
Post Date: 2021-07-03 12:26:58 by Ada
Keywords: None
Views: 36
Comments: 3

After promising to sell nearly everything he owned last year including six mansions in California, Tesla’s billionaire CEO has taken up residence in a studio-apartment sized rental – here’s what it looks like inside and out.

If you’re looking for the world’s third richest person, you won’t find him living among the billionaires. After selling off most of his real estate assets and moving to Texas in the past year, 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 says he rents from his rocket company, SpaceX.

The house, which is around 400 square feet, is located in Boca Chica, Texas, where SpaceX produces its Starships. Musk, who has a net worth of $169.8 billion according to Forbes, rents a “foldable, prefabricated home” made by Boxabl, a housing startup company. The house, which Musk tweeted sells for about $50,000, typically has a setup akin to a small studio apartment: One large room partitioned into a living room area, bedroom area, kitchen and bathroom. In contrast to many other billionaires who own lavish mansions, Musk lives in an easily transportable 20x20 foot unit.

“It’s kinda awesome though,” Musk said on Twitter last month.

Casita Floor Plan Floor plan of the Boxabl "Casita." BOXABL The 50-year-old mogul first announced plans to sell all of his homes and most of his possessions last year, in response to criticism of his massive wealth. Musk has now nearly made good on his promise to do so, selling six of his seven properties.

“Only house I own is the events house in the Bay Area. If I sold it, the house would see less use, unless bought by a big family, which might happen someday,” Musk said on Twitter last month.

A few days later, he confirmed he had put it up for sale: “Decided to sell my last remaining house. Just needs to go to a large family who will live there. It’s a special place.”

The 47-acre property is located in Hillsborough, California—around halfway between San Francisco and Silicon Valley. The “over 100-year- old mansion” is a 16,000 square foot house that boasts nine bedrooms and ten bathrooms. It’s the last piece of real estate that Musk owns: He has listed it on the market for $37.5 million, having originally bought it for $23.4 million in 2017.

Musk has offloaded his Los Angeles real estate in the past year, often at slim profit margins—if any. He sold his first mansion, located on Chalon Road, for $29 million in June 2020; he had purchased it for $17 million in 2012.

In October, he sold a 2,700 square foot ranch-style house that used to belong to Willy Wonka actor Gene Wilder for $7 million (Musk bought it for $6.75 million in 2013), with the stipulation that the house “cannot be torn down or lose any [of] its soul.”

In December, Musk sold four Bel Air properties for a combined $61.89 million; He originally spent nearly $55 million on those properties, purchasing them between 2015 and 2019. Overall, Musk has made an estimated profit of $19.2 million on his six home sales over the past year.

Musk’s offloading of real estate comes after a battle with the state of California. The billionaire criticized the state’s coronavirus- related restrictions on operations at the Tesla factory in the Bay Area last year—leading to a lawsuit that Tesla later dropped—and also claimed that the state takes entrepreneurs for granted. In early December 2020, Musk confirmed that he was moving to Texas, citing the fact that two of his biggest projects—Tesla’s new factory and a SpaceX facility-are located there.

It remains unclear whether Musk is renting any other houses in Austin, though. It’s also unknown if he stays with his girlfriend, 32-year-old singer Grimes (who lives in Austin) and their 10-month-old child, X AE A-XII. Musk has five other children with his first wife, Justine Wilson, but it’s unclear where they live.

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#1. To: Ada (#0)

Elon hasn't sent my house-warming invite, yet.

I'll keep'ya posted.

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2021-07-03   14:21:44 ET  Reply   Trace   Private Reply  


#2. To: Ada (#0)

It’s also unknown if he stays with his girlfriend, 32-year-old singer Grimes (who lives in Austin) and their 10-month-old child, X AE A-XII. Musk has five other children with his first wife, Justine Wilson, but it’s unclear where they live.

I work with a girl whose husband was cheating on her. One day the home phone rand and she picked it up. This other girl was asking to speak to her husband.

That led to her getting a divorce. I heard her ex had a baby with that little girl he was seeing. Now he must support them and pay alimony and child support for his ex and their kid.

I know a guy out here who graduated law school in California. he has three kids out there and owes child support. He could not get his BAR card because of that child support. Plus his four kids out here he must provide for them also. His wife here works in the nursing home in Alzheimer's unit. They keep those patients locked up so they don't wander off and get lost.

I understand she came into a big inheritance from her grandparents and they both have Harley Davidson motorcycles. He owes me $100 for a deep freeze that he keeps his raccoon pelts in. He sells them when the price goes up.

I bet his wife told him she was not going to give him $100 to pay for the deep freeze. He will have to find a job and make the money himself.

Of course he has to feed the Coon dogs too. I bet the property they are living on is in his wife's name since if his name was on it they would put a lien on it for the child support he owes. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2021-07-03   14:40:50 ET  Reply   Trace   Private Reply  


#3. To: Lod (#1)

Elon hasn't sent my house-warming invite, yet.

Maybe he's embarrassed that's you are living classier than he.

Ada  posted on  2021-07-03   17:54:30 ET  Reply   Trace   Private Reply  


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