Elon Musk, the billionaire CEO of SpaceX, has been on a mission to shed his extensive real estate portfolio in California. Despite being one of the richest individuals in the world, with a net worth of $252.6 billion as of September 2024, Musk’s decision to sell isn’t driven by financial necessity. Instead, he’s prioritizing his passions for Mars and Earth, and embracing a simpler way of living.
Musk’s real estate journey began with a flurry of purchases in California, accumulating multiple properties in the same neighborhood. He lived a life of luxury, with multimillion-dollar mansions, pools, and tennis courts at his disposal. However, in recent years, Musk has had a change of heart, selling off millions of dollars worth of properties and embracing a more minimalist lifestyle.
In 2020, Musk announced on social media platform X that he was devoting himself to Mars and Earth, and that “possession just weighs you down.” True to his word, he has since sold several properties, including a $29 million Bel Air mansion and a $20 million Beverly Hills estate.
Despite his claims of couch-surfing, Business Insider discovered that Musk purchased a property in Austin, Texas, in 2022, and had been living there. Although he still owns at least one property, Musk has significantly downsized his real estate holdings.
Musk’s decision to shed his luxurious lifestyle is a testament to his focus on making a meaningful impact on the world. By letting go of material possessions, he’s freeing himself to pursue his ambitious goals, including making humanity a multi-planetary species through SpaceX’s Mars missions.
Some of the properties Musk has owned and sold in recent years include:
– A $29 million Bel Air mansion with 7 bedrooms, 11 bathrooms, and a private movie theater
– A $20 million Beverly Hills estate with 6 bedrooms, 9 bathrooms, and a swimming pool
– A $25 million Los Angeles mansion with 5 bedrooms, 8 bathrooms, and a tennis court
– A $4.3 million San Francisco townhouse with 3 bedrooms, 3 bathrooms, and a rooftop garden
Musk’s real estate purge is a remarkable example of his commitment to simplicity and his focus on making a difference in the world. As he continues to shape the future of humanity through his innovative ventures, his personal life reflects his values of simplicity, sustainability, and a passion for exploration.
