Elon Musk lives on this ‘mini residence’ rented after promoting all his mansions

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Since final yr, Elon Musk has promised to promote all of his properties, together with six of his mansions. Now, the world’s third-richest man lives in a 37-square-meter ‘mini residence’ in Texas.

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This text was translated from our Spanish version utilizing AI applied sciences. Errors might exist on account of this course of.


This story initially appeared on Alto Nivel

After promoting most of his actual property belongings and shifting to Texas final yr, Tesla co-founder and CEO Elon Musk mentioned in early June that he presently solely owns one residence positioned in the Bay Space, and that his foremost residence is a small manufactured residence that he rents from his aerospace firm, SpaceX.

In late 2020, Elon Musk mentioned he would transfer to Texas for 2 huge initiatives, one is his new Tesla manufacturing unit and the opposite is the services of his aerospace firm SpaceX. One other of his functions, as he himself declared, can be to boost capital to put money into the conquest of Mars .

The mogul’s new residence is sort of 400 sq. toes (about 37 sq. meters) and is positioned in Boca Chica , Texas, the place SpaceX manufactures its Starships . Elon Musk is the third richest man on this planet, with a internet price of $ 169.8 billion, in line with the Forbes Billionaires Listing, and now lives in “a folding prefab home” made by Boxabl , a house start-up firm. .

The house the businessman tweeted about sells for nearly $ 50,000 and customarily has a structure much like that of a mini studio residence: a big room divided between the lounge, bed room space, kitchen and loo.

The mogul’s residence may be very small in comparison with the large and opulent residences of different billionaires, “nonetheless it’s a tremendous factor,” Musk wrote on Twitter final month.

The properties of Elon Musk

In 2020, the businessman first unveiled his plans to promote all of his properties and most of his possessions, in response to criticism of his large fortune.

“The one home I’ve is the occasions home within the Bay Space. If I bought it, the home would have much less use, except it was acquired by a big household, which may occur at some point, “wrote the CEO of SpaceX on his Twitter.

The residence Musk is speaking about is a 47-acre property in Hillsborough, California, midway between San Francisco and Silicon Valley. The “100+ yr mansion” is a 16,000-square-foot (1,486.4-square-meter) residence with 9 bedrooms and ten loos. It is Musk’s final residence and he already put up for sale for $ 37.5 million when he initially purchased it for $ 23.4 million in 2017.

Final yr, Elon Musk removed his Los Angeles residence with slim revenue margins, if one existed. Additionally, in June 2020 he put his first mansion on Chalon Street up on the market, for an quantity of $ 29 million {dollars} (he acquired it for $ 17 million {dollars} in 2012).

Final October, Elon Musk bought a ranch-style property for $ 7 million. The property beforehand belonged to Gene Wilder and the tycoon purchased it in 2013 and had acquired it for $ 6.7 million, promising that the home couldn’t be torn down or lose a few of its “soul.”

In December 2020, the billionaire bought 4 properties in Bell Air for a mixed whole of $ 61.89 million, between 2015 and 2019 he had spent nearly $ 55 million on them. Thus, Musk achieved an estimated revenue of $ 19.2 million in gross sales of his six residences throughout the previous yr.



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