Saying Tesla CEO and SpaceX founder Elon Musk has been striking it rich this year would be a major understatement. And yet, his 2020 streak of capital gains is not yet over, according to a new report.
On Wednesday, the LA Times reported that Elon Musk has sold three Bel-Air homes for a total price of over $40.9 million (USD). Each sale closed a few days before Christmas, according to real estate records obtained by the LA Times.
My Onion says @elonmusk is planning to elope to Mars and begins selling all his possessions $TSLA #Tesla #SpaceX
Elon Musk sells Bel-Air house to Chinese billionaire for $29 mln – WSJ https://t.co/2OmsoxXcCp via @nationalpost
— DAVID TRAN (@DAVIDTR23812186) June 20, 2020
While Musk began the sale of his homes back in May, after claiming he would be selling almost all his physical possessions, he recently also moved to Texas in a jab at California’s state regulations. In addition, he claimed he would “own no house” in a tweet follow-up.
Now, he has remained true to his word, and completed the sale of his California homes. He previously owned a total of seven homes, the first of which sold in June and October. The latter three all closed between the 21st and 22nd of December, signaling the completion of all of his home sales.
In a recent December interview with Axel Springer, the parent company of Business Insider, Musk clarified more about the sale of his first home.
“It was done two months ago. It was actually bought by a guy in China. And then I sold the house I own across the road, which used to be owned by Gene Wilder. It’s very much his personality, and I sold it below market to his nephew who grew up there. And then we’re in the process of selling my other houses. I guess I’ll rent a place somewhere,” said Musk.
While affording a new Texas house would be no difficulty for the billionaire entrepreneur, Musk will likely hold to his claims and avoid purchasing a home out there, and instead, just rent a place for himself and his family.
