Elon Musk: Multi-Billionaire CEO Of SpaceX
Elon Musk, the Tesla CEO, truly embodies his statements and consistently demonstrates his remarkable nature. Musk doesn’t leave anything on the table, so this could be anything from controlling Twitter to traveling into space. Elon Musk House, on the other hand, astounded everyone with its beauty and distinctiveness. In 2020, however, the multibillionaire CEO of SpaceX declared that he would be giving up his house and selling all of his material belongings.
The estimated price of all the Elon Musk houses was $137 million. Among Elon Musk’s holdings were a substantial 100-year-old estate in the San Francisco Bay Area, a $30 million mansion in Los Angeles, and the former home of Gene Wilder.
The Splendor And Exclusivity Of The Elon Musk House
Let’s take a closer look at the luxurious homes that the world’s first billionaire renter had.
The 100-Year-Old Hillsborough Mansion
The spectacular 100-year-old estate Guignécourt, valued at $23.3 million, was one of Elon Musk’s 2017 acquisitions of property. There are five bedrooms, a ballroom, and a room dedicated to floral arrangements within the approximately 16,000-square-foot house.
The four-story mansion also features six-bedroom servant quarters. In addition, this former Elon Musk house also has a gazebo adorned with Chinese wallpaper from the 18th century and a library with a built-in fireplace and secret bar. However, Kirill Evstratov, the creator and owner of Unlimint, paid $30 million for Elon Musk’s home in November 2021. Hence, Kirill enables Musk to profit from his real estate holdings.
The Four Bel-Air Mansions
Elon Musk possesses sizable real estate holdings, mostly in Bel-Air. The software tycoon has four properties totaling $54.95 million on the same Bel-Air street. He did, however, sell them for a total of $61.8 million.
Elon Musk once had real estate worth far over $70 million, dispersed around the Los Angeles area. This Elon Musk house is 20,248 square feet, with seven bedrooms and thirteen bathrooms. Additionally, gorgeous masonry adorns the kitchen ceiling. There is a large tennis court, a swimming pool, and a stunning view of the exclusive Bel-Air Country Club from the courtyard. Moreover, the house also features a gym and a wine cellar.
Gene Wilder’s Former Elon Musk House
In 1976, Gene Wilder, the OG Willy Wonka, paid $314,000 for this Bel-Air mansion. The lavish mansion consists of 2,756 square feet. Elon Musk decided to purchase Gene Wilder’s home to maintain the view, even though he already owned an asset above the Bel-Air Country Club at the time. The Elon Musk Revocable Trust handled the $6.75 million purchase holdings in 2013.
But Elon Musk converted this home into Ad Astra, a school, for his kids and the kids of Space X and Tesla staff in order. Soon after, the Elon Musk house became a venue for Elon Musk-style events. The nephew of Gene Wilder, Jordan Walker-Pearlman, quickly shouted out to Elon Musk’s team when Musk announced that he was selling all of his real estate holdings. He asked if he could purchase the property back. Without giving it any thought, Elon Musk gave him the property for $7 million in return for a $6.7 million loan. In addition, Elon Musk decided to sell Gene Wilder’s estate with the demand that it remain intact and retain its essence.
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Colonial White Stucco Residence in Bel-Air
Following three years of renting, the Elon Musk Revocable Trust paid $17 million to buy a white stucco Colonial mansion in 2012. Situated on 0.7 hectares, the seven-bedroom, 13-bathroom property features its apple orchard. In addition, this French country mansion boasts a wine cellar with 1,000 bottles and a two-story library, among other notable features. This Colonial Elon Musk house was quickly sold to Chinese billionaire William Ding for $29.72 million in 2020, following Musk’s tweet about selling his belongings. The stated price was $5.5 million more than what the CEO of Tesla paid for it in 2016.
Modern Brentwood Estate
Elon Musk added a new name to his collection of assets in 2014. This Elon Musk house in Brentwood, California, was designed like a boomerang. From his list of properties, this one seems the most affordable; the Tesla CEO spent a little under $3.7 million for it. Musk announced his plans in public five years later, in 2019, after selling his home for $4 million.
New House of Elon Musk
Musk chose to live a simpler lifestyle despite his fame and wealth. The billionaire now resides in a small, leased home believed to be worth $50,000 after selling his $137 million in real estate. However, this little house near his aerospace firm in Boca Chica, Texas, has everything he needs to satisfy his desire for a simple lifestyle. Boxabl, a newcomer to the housing sector, constructed this prefabricated, movable dwelling. Additionally, Musk claims that the residence sells for about $50,000. Musk lives in a temporary 20-by-20-foot flat, not the opulent mansions that a few other billionaires own.
The Reason Why Elon Musk Sold All His Assets
Elon Musk decided to live a modest life and give up his real estate holdings. In a tweet, the tech tycoon stated that he plans to concentrate on working toward sustainable energy and Space X’s multi-planetary life mission going forward with Tesla’s assistance. Furthermore, he deliberately chose to leave California in 2021. His main focus is on the massive future production complex of electric vehicles. Additionally, it should be clear by now that he values time better spent accomplishing more significant objectives than holding real estate.
Conclusion
All of the Elon Musk house assets are lavish and beautiful. But he has bigger aspirations and objectives to fulfill. He sold all he had and generated a profit of $25 million between 2020 and 2022. Furthermore, Musk understands the critical areas to invest in and recognizes the significance of the possible returns on his capital.