In May 2020, CEO of SpaceX and Tesla companies, Elon Musk, shared an interesting decision he made on Twitter. Musk has announced that he will sell almost all of his physical assets and will not own any home. After this decision, which we are not used to seeing from billionaires, Musk really sold most of his houses.
But there is a house that Musk has not yet completely sold. Elon Musk announced on Twitter that he sold all of his houses, except for a house he rented for events, when asked whether he sold all his houses on Twitter last June. Then, five days later, he stated that he decided to sell this house as well. He added that the house is a special place and that it should be owned by a large family who will live there. Here are some new developments about that house.
The sale of the house is almost complete:
That house, located in Hillsborough, California, was listed on the real estate site Zillow for 31 million 990 thousand dollars. An update was made to the advertisement, which has remained the same until today, and the status of the advertisement has been changed. The status of the house listing is now labeled ‘Contingent’, which means ‘the seller has accepted the offer but has negotiated terms of sale with the buyer’. In other words, an agreement has been reached for the sale of the house and the conditions under which the sale will be made are now being discussed.
The house, which Elon Musk sold for approximately 32 million dollars, is located on a land of approximately 190 thousand square meters. Built in 1916, the house has 7 bedrooms, 10 bathrooms, a library with leather-clad walls and an enlarged kitchen equipped for private chefs, and has much in common with other mansions.
So why did Elon Musk sell all his houses?
Although Elon Musk did not explain exactly why he sold his houses, he made some statements pointing to this. In February, Musk stated that he would not own any assets other than company shares. He then stated that he likes to sleep in the factory or office during busy working days, but of course he needs a place for his children. He announced that he could rent a house for this.
In the same statement, Musk stated that he thinks it is important for humanity to become a space civilization and a multi-planet species, and that building a city on Mars will also require a lot of resources. On top of that, he said, “I want to be able to contribute as much as possible to the city on Mars. This means a lot of capital. He gave a sign as to why he was selling their house. It can be said that the ‘tax’ discussions also contributed to Musk’s sale of all his assets.
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