Elon Musk sells LA mansion for $42.3 million amid quest to ‘own no house’
In the first step to rid himself of all his earthly possessions, SpaceX founder and Tesla CEO Elon Musk has sold his sprawling Los Angeles mansion for a whopping sum.
One down, eight to go.
SpaceX founder and Tesla CEO Elon Musk has sold a sprawling Los Angeles mansion for $AU 42.3 million (US $29 million) — in his first step toward a bid to rid himself of his earthly possessions.
The 48-year-old billionaire had listed the Bel Air property for $30 million early last month after pledging that he “will own no house.”
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The 1,487 sqm mansion has six bedrooms, 11 bathrooms, and is complete with a tennis court and a two-storey library.
The buyer is a Limited Liability Company tied to Chinese tech billionaire named William Ding, who founded Net Ease, the Wall Street Journal reported.
Musk has vowed to get rid of his homes and belongings in order to devote his life “to Mars and Earth.” “Don’t need the cash,” the eccentric billionaire tweeted in May. “Possession just weigh you down.”
The newly-sold Bel-Air home is across the street from another property Musk is trying to flip — a 250 sqm ranch-style house that used to belong to actor Gene Wilder — which he listed for $US9.5 million with the condition that it “cannot be torn down or lose any (of) its soul.”
Musk also has five other California properties on the market for nearly $100 million.
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The South African-born entrepreneur is seeking $62.5 million for four homes in Los Angeles’ swanky Bel-Air neighbourhood, according to a recent Zillow listing describing the plots as “a project for the big thinker” with “one of the best views in Los Angeles.”
Musk also put his century-old San Francisco-area mansion with “unobstructed bay views” on the market last month with an asking price of $35 million.
He bought the 10-bedroom, 1486 sqm spread for $23.3 million in 2017.
This story originally appeared in the NY Post and was republished with permission.
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