Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Elon Musk reportedly sold 3 more homes in Los Angeles after pledging to 'own no house' and announcing a move to Texas

Elon Musk reportedly sold 3 more homes in Los Angeles after pledging to 'own no house' and announcing a move to Texas

Musk's offloading of his Los Angeles properties followed his announcement that he's moving to Texas.
Elon Musk appears to be making good on his promise to "own no house": The Tesla billionaire has sold three more of his homes, the Los Angeles Times reported on Wednesday.

On December 21 and 22, Musk — the world's second-richest person, with a net worth of $167 billion — sold three adjacent houses in the Bel-Air neighborhood of Los Angeles for a combined $40.9 million, the Times reported, citing property records.

The largest home — a six-bedroom, seven-bathroom mansion that sits on 1.5 acres of land — sold for $29.72 million. A 3,943-square-foot Colonial-style home across the street sold for $6.77 million, while the smallest house, a single-story 1960s home, sold for $4.43 million.

All three houses are on the same cul-de-sac in Bel-Air, according to the Times.

The Bel-Air homes are among several pieces of property Musk sold in 2020. In October, Musk sold the former estate of the actor Gene Wilder for $7 million, $250,000 more than Musk paid for it. The home was sold to an LLC managed by the screenwriter and producer Elizabeth Hunter, who is married to the filmmaker Jordan Walker-Pearlman, Wilder's nephew, Variety reported.

In June, Musk sold another Bel-Air home to a Chinese billionaire for $29 million, The Wall Street Journal reported. Musk had purchased the 20,248-square-foot home for $17 million in 2012.

Musk tweeted in May that he planned to sell "almost all physical possessions" and would "own no house." While Musk is known for making wild statements and grandiose pledges, he appears to be following through on his promise to offload at least some of his $100 million real-estate portfolio — though he said his girlfriend, the musician Grimes, was mad at him for making the decision days before they welcomed a new baby.

Earlier this month, Musk announced that he was moving to Texas following a months-long battle with California regulators. This spring, local officials barred Tesla from operating its factory in the San Francisco Bay Area during shelter-in-place orders, which Musk described as "fascist" and un-American.

"Tesla will now move its HQ and future programs to Texas/Nevada immediately," he tweeted in May. He quietly moved his charitable foundation to Texas as well.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Budapest Central European Fashion Week Kicks Off
U.S. Celebrates Labor Day
Hungarian National Team Captain Scores Epic Goal
×