Elon Musk Has Sold Seven Homes for Nearly $130 Million
March 17, 2022 - United States
Since Elon Musk announced a plan to sell nearly all of his physical possessions, including his real estate, by tweeting “Will own no house” on May 1, 2020. The billionaire Tesla Inc. and SpaceX CEO has finally unloaded all seven of the houses he once owned in California.
When The Wall Street Journal first reported on his portfolio back in 2019, Mr. Musk, and limited-liability companies tied to him, had amassed a cluster of six houses on two streets in the “lower” and “mid” areas of the Los Angeles neighborhood of Bel-Air, a celebrity-filled, leafy enclave near the Hotel Bel-Air. He also owned a grand, 100-year-old estate in Northern California in Hillsborough. He purchased the homes between December 2012 and January 2019 for a total of $102 million.
Between June 2020 and November 2021, Mr. Musk sold all seven houses for a total of roughly $127.9 million, making a profit of around $25 million.
source from: mansionglobal.com/
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