Elon Musk reveals he’s selling his last home in San Francisco to ‘large family’ after pledge to get rid of possessions – The Sun

ELON Musk has declared that he plans to sell his last remaining California house.

Musk made the announcement on Monday, after stating in May 2020 that he planned to rid himself of almost all of his physical possessions and to "own no house."


In a tweet, the Tesla and SpaceX founder wrote: "Decided to sell my last remaining house. Just needs to go to a large family who will live there. It's a special place."

Earlier this month, Musk, 49, tweeted that he only has one house in the San Francisco Bay area, which has been rented out for events.

If that house sold, Musk said, it "would see less use, unless bought by a big family, which might happen some day.”

The SpaceX founder's Bay Area mansion, which was reportedly listed for sale on Sunday for $37.5 million, is on Crystal Springs Road in Hillsborough.

Musk's decision to sell his properties and possessions was seen as a way of countering claims that were critical of his wealth.

KEEPING PROMISE

Earlier this month, ProPublica reported that Musk paid $455 million in income taxes on $1.52 billion in total income between 2014 and 2018.

During that time, the Tesla founder's wealth reportedly grew by $14 billion.

Speaking to podcast host Joe Rogan last May, Musk said: "I think possessions kinda weigh you down. And they’re kind of an attack vector.

"People say, 'Hey, billionaire, you got all this stuff.' 'Well, now I don’t have the stuff — now what are you gonna do?'"


Within a matter of days of making the declaration to sell his properties, the Tesla founder had put two of his California homes on the market.

Musk – whose net worth is $154.4 billion, according to Forbes – reportedly sold his Bel-Air mansion in June 2020 for $29 million.

The billionaire has also reportedly sold three other California homes, totaling $41 million.

 

In total, Musk is believed to have sold six properties in the last 13 months, as well as one in 2019, for a combined sum of $114 million.

Musk said in December that he had moved to Texas, after reportedly getting fed up with California’s regulatory environment.

On June 9, Musk said that his primary home is a roughly $50,000 home in Boca Chica, Texas, which he rents from SpaceX.

    Source: Read Full Article