Curious about the tiny home believed to house a man who could afford countless mansions instead? Well, he is said to live in the Casita, a $49,500 375-square-foot unit created by the Las Vegas company Boxable.
It is to mention that previously, Musk had said that he was selling almost all of his physical possessions to defuse criticism of his wealth. While speaking to podcast host Joe Rogan, Musk said, “I think possessions kinda weigh you down. And they're kind of an attack vector. People say, 'Hey, billionaire, you got all this stuff.' 'Well, now I don't have the stuff — now what are you gonna do?'' At this time, Musk reportedly owned seven houses in California and six in Log Angeles, however, since he has sold all of his residential properties for a whopping $144 million.
The largest property sold by Musk was his Bel-Air mansion for $29 million. As per reports, the estate was sold for less than a million to Chinese tech billionaire William Ding. The Tesla CEO had purchased the property in 2016 and it served as his primary residence, where he lived with his children. The house has seven bedrooms, eleven bathrooms, well-maintained gardens, a pool, and a spa. The multi-story house also had a four-car garage.
Elon Musk, whose tweet has always made headlines and grabbed eyeballs, has posted an update about selling his last remaining house a week after a report said he and other billionaires paid little or no income taxes for several years.
Taking to Twitter, the electric-car maker's chief executive officer said, "Decided to sell my last remaining house. Just needs to go to a large family who will live there. It's a special place."
The Tesla chief tweeted earlier that he only has one house in the San Francisco Bay area that is rented out for events and that if he sold, it “would see less use unless bought by a big family, which might happen someday."
"Yeah, sold my houses, except for 1 in Bay Area that’s rented out for events. Working on sustainable energy for Earth with Tesla & protecting the future of consciousness by making life multi-planetary with SpaceX. Also, AI risk mitigation with Neuralink & fixing traffic with Boring," Musk wrote in the micro-bogging site.
The decision of selling the possession is initiated after ProPublica reported that Musk, Amazon.com Inc. CEO Jeff Bezos, and Berkshire Hathaway Inc. Chairman Warren Buffett have paid little income tax relative to their outsize wealth, citing a trove of Internal Revenue Service data on tax returns for thousands of the wealthiest Americans. Musk paid no federal income taxes in 2018 and less than $70,000 in 2015 and 2017, according to the report.
After the ProPublica report, Musk tweeted that he will keep paying income taxes in California in proportion with his time in the state, which he said will be significant. He moved to Texas last year and said he now rents a roughly $50,000 house in Boca Chica from Space Exploration Technologies Corp., which has a launch site in the area
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