August 5, 2021

Elon Musk sells his latest possession, a $ 37.5 million mansion

The third world fortune ensures that he will sell his last real estate possession. Tenant, the boss of Tesla no longer owns anything apart from the shares of his various companies.

“Possession only makes you heavier”. In May 2020, Elon Musk announced on Twitter that he wanted to part with all his possessions to devote himself “to Mars and the Earth”. Henceforth, the boss of Tesla and SpaceX will be very light since he will not own … anything.

The third richest man in the world after Jeff Bezos and Bernard Arnault has just announced that he was planning to sell his last real estate possession. The billionaire has been offloading his properties for a year.

“I am selling almost all of my material possessions. I will not own any homes,” he wrote on Twitter on May 1, 2020.

After selling most of his properties in California, Elon Musk has just announced that he is going to sell his last property.

“I decided to sell my last remaining house […] It’s a special place, ”he tweeted overnight.

It was his last real estate as he assured it a few days earlier on this same social network.

A great added value

When asked if he had really sold everything he owned, the entrepreneur replied on June 9 that he had indeed sold all of his possessions, with the exception of a house in San Bay. Francisco who was hired for events.

In all likelihood, it would be this mansion located in Hillsborough, California south of San Francisco. A huge house of 1500 m² of living space with ten bedrooms and nine bathrooms on 19 hectares of land with lawns and private paths. The house is for sale on the Zillow real estate sales site for $ 37.5 million.

Elon Musk's San Francisco home on sale for $ 37.5 million.
Elon Musk’s San Francisco home on sale for $ 37.5 million. © Zillow

First put on sale in May 2020 for $ 35 million, the house was removed from the Zillow site before reappearing there a few days more expensive by $ 2.5 million.

If he sells it at this price, the boss of Tesla will have made a nice capital gain since he had bought it in 2017 for $ 23.4 million, according to the site SFGate.

Renter of a house at $ 50,000

Elon Musk, who now lives in Texas, is reportedly renting a small $ 50,000 house owned by his own company SpaceX.

“My main house is literally a around $ 50,000 house in Boca Chica / Starbase that I rent from SpaceX. It’s still awesome,” he tweeted last week.

If Elon Musk wants to show that he lives simply, it is certainly also because he has been implicated since last week with other billionaires by the organization ProPublica which accuses him of not paying his fair share of ‘income tax.

According to the report from this New York-based organization, the billionaire – whose fortune is estimated at $ 171 billion by Bloomberg – would not have paid income tax in 2018 and would have settled less than $ 70,000 in 2015 and 2017.

Very indebted and receiving no dividend, Elon Musk ensures that he pays the taxes he owes. Once his Californian mansion is sold, the billionaire should only own shares of his various companies, which constitute the bulk of his heritage.

Frédéric Bianchi