Elon Musk presently holds the title of the wealthiest person globally, having co-founded six companies, such as Tesla, a leading electric car manufacturer, SpaceX, a rocket producer, and the Boring Company, a tunneling startup. His current net worth is estimated at $232.5 billion. Musk is renowned for exerting a significant influence on various industries, pushing technological and innovative boundaries, and gaining attention for his ambitious and controversial ideas, along with his active presence on social media.
In May 2020, Musk made a tweet declaring his intention to sell almost all of his physical possessions, including his real estate holdings, stating that he would own no house. This decision attracted public attention, especially as Musk had an extensive real estate portfolio, primarily in the Los Angeles area, valued at over $100 million. Musk disclosed that his main residence was a $50,000 house within walking distance of SpaceX’s factory.However, recent reports from the Wall Street Journal suggest that Musk’s “will own no house” decision may be undergoing a change. A top-secret project undertaken by Tesla over the past year is revealed to be a home for Musk. Despite this development, it’s worthwhile to revisit Musk’s property sales since his initial declaration.Here is a rundown of Elon Musk’s sold properties post his decision:
In 2017, Elon Musk acquired the historic nine-bedroom, nine-bathroom mansion known as Guignécourt. This residence, previously owned by French nobles for 150 years, was described by Musk as a special space suitable for a large family. Situated on a sprawling 19-hectare site on a forested hilltop, approximately 20 minutes south of San Francisco and north of Silicon Valley, the Mediterranean-style property boasts four stories. It includes features such as a ballroom, a library with a fireplace and concealed bar, a flower-arranging room, a staff wing with six bedrooms, and a pavilion with 18th-century Chinese wallpaper overlooking the pool. Serial entrepreneur Kirill Evstratov purchased this extraordinary mansion in 2021, marking the completion of Musk’s real estate divestment by November 2021.
Elon Musk’s expansive real estate holdings in Bel-Air began with his family’s rental of a seven-bedroom, 13-bathroom mansion with a 20,248 square-foot footprint. This opulent residence, featuring a large tennis court, a swimming pool, and views of the Bel-Air Country Club, served as the starting point for Musk’s Bel-Air collection. Additional properties on the same street were acquired by various Musk-affiliated LLCs, forming a cluster of four residences until luxury real estate developer Ardie Tavangarian acquired Musk’s properties in December 2020.
Acquired by Gene Wilder in 1976, this Bel-Air mansion served as his residence for 30 years. Comprising a ranch house and a guest cottage, the 2,756 square-foot estate captured Musk’s attention due to its strategic location above the Bel-Air Country Club. Purchased by the Elon Musk Revocable Trust in 2013, Musk converted the estate into Ad Astra, a school for his children and the offspring of SpaceX and Tesla staff. Following Musk’s decision to sell all his properties, the sale of Gene Wilder’s old house carried a unique stipulation: it could not be torn down or lose its soul. After negotiations with Gene Wilder’s nephew, Jordan Walker-Pearlman, Elon Musk agreed to sell the property for $9.5 million.
The white stucco Colonial home, rented for three years, became Elon Musk’s primary residence after being acquired by the Elon Musk Revocable Trust in 2012. Situated between the Bel-Air Country Club and Gene Wilder’s former estate, the seven-bedroom, 13-bathroom house featured an expansive 0.7-hectare property with an apple orchard. Notable amenities included five garages, a tennis court, a swimming pool, a spa, a gym, and guest rooms. Musk sold this Colonial mansion to Chinese billionaire William Ding for $29.72 million in 2020, shortly after tweeting about divesting his belongings.
In 2014, Elon Musk added the ultra-modern boomerang-shaped home in Brentwood, California, to his property portfolio at a cost just under $3.7 million. Characterized by floor-to-ceiling windows, a private pool with views of Los Angeles, and protective hedges, this contemporary residence was sold in 2019 for $4 million.
Following the sale of all his real estate holdings, Elon Musk now claims residence in a modest three-bedroom house in Boca Chica, South Texas. Renting the house for approximately $50,000 from SpaceX, Musk transformed the garage into a third bedroom, converting the space into a three-bedroom house. Correcting misconceptions, Musk clarified in an interview that he uses a prefabricated house called the Boxable as a guesthouse rather than his primary residence.