Table of Contents
Topline
Tesla CEO Elon Musk has acknowledged his valuable residing is a straightforward dwelling worth $50,000 that he’s renting from SpaceX stop to its spaceport in Texas, nonetheless the eccentric billionaire is continuously living in a luxury mansion in Austin owned by his successfully off buddy Ken Howery, in accordance to the Wall Highway Journal.
Tesla CEO Elon Musk (Characterize credit ought to restful read FREDERIC J. BROWN/AFP through Getty Images)
Key Facts
In June, Musk tweeted his valuable dwelling “is actually a ~$50okay dwelling in Boca Chica / Starbase that I rent from SpaceX,” adding that “it’s kinda superior though.”
On the opposite hand, the Journal studies that for approximately a year, Musk has been living in a almost 8,000-sq.-foot property owned by Howery, the co-founder of PayPal and frail U.S. ambassador to Sweden — when Howery purchased it in 2018 for $12 million, it was as soon as the most costly property then available on the market in Austin.
Musk has additionally considered mansions in Austin to desire, in accordance to the Journal, which cited anonymous sources acknowledged to know about Musk’s living preparations.
A total link between Musk and Howery is PayPal Holdings, which Howery co-primarily based and the put Musk served as an executive.
Musk and Howery didn’t acknowledge to Forbes’ question for comment by the time of e-newsletter.
What We Don’t Know
If Musk is paying his buddy for living within the mansion.
Big Number
$261.9 billion. That’s Forbes’ estimate of Musk’s come by worth as of Wednesday. The 50-year-musty is the richest man within the sphere, followed by Amazon founder Jeff Bezos and Bernard Arnault and his family. Musk is the suitable billionaire whose accurate-time come by worth exceeds $200 billion.
Key Background
Final year, Musk expressed dissatisfaction with California over its Covid restrictions that restricted operations at the Tesla manufacturing facility within the Bay Keep, and purchased off various properties in that philosophize. About a days after the June tweet the put Musk acknowledged he most attention-grabbing owns one dwelling within the Bay Keep, he attach it up for sale. In October, Tesla moved its headquarters to Texas from California.
Tangent
Musk has fair lately engaged in a tit-for-tit with Democrats over taxes on Twitter. In his most in fashion tweet, Musk acknowledged Sunday that he would pay bigger than $11 billion in taxes this year. Final week, in a Twitter spat with Sen. Elizabeth Warren (D-Mass.), he claimed he “pays extra taxes than any American in history this year.” Musk doubtless owes the federal executive no longer lower than $8.3 billion for 2021, in accordance to an estimate by Forbes.
Extra Reading
Elon Musk Says He Lives in a $50,000 Dwelling. He Doesn’t Talk In regards to the Austin Mansion. (Wall Highway Journal)
Where Elon Musk Lives Since He Pledged To Ditch ‘Practically All Physical Possessions’ (Forbes)
Elon Musk Claims He Will Pay Extra Than $11 Billion In Taxes This Year (Forbes)
