Elon Musk: David Beasley says ‘we need billionaires to step up’
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The SpaceX and Tesla CEO, who is estimated to be worth £224billion ($297billion), has done well on a promise made to his followers in May last year. The South African billionaire told his Twitter followers he was “selling all my physical possessions” and that he does not intend to own a home. Justifying his decision, Elon Musk said he was not interested in the money but was motivated by his dream of living on Mars one day.
He tweeted: “Don’t need the cash. Devoting myself to Mars and Earth. Possessions just weigh you down.”
Mr Musk is believed to have owned at least seven properties before his decision to sell, with the properties estimated to be worth a combined £76million ($100million).
These included six mansions in the prestigious Los Angeles neighbourhood of Los Angeles.
His last property, a 16,000-square-foot mansion from 1912 in the San Francisco Bay Area has now been sold, according to MLSListings.com.
The website lists the property as having a “five-star kitchen with space for a personal chef”, a library, cocktail room and a high-end security system.
The listing reads: “Rare opportunity to own one of the largest parcels of land, 47+acres, on the San Francisco Peninsula with sweeping views of the SF Bay and City Skyline.”
Earlier this summer, Mr Musk announced via Twitter he was “delighted” to sell his last remaining house, adding: “Just needs to go to a large family who live there. It’s a special place.”
With all of Mr Musk’s properties sold, he now lives inside of a prefabricated home he rents from SpaceX in Boca Chica.
Elon Musk shares view from the top of Starbase's high bay
Boca Chica is the site of SpaceX’s rocket-building facility that the company has christened Starbase.
Speaking to Mathias Döpfner, CEO of Axel Springer, in December last year, Mr Musk said he is amassing as much capital as possible to help facilitate SpaceX’s Mars colonisation efforts.
This includes selling off his homes and material possessions.
He said: “In fact, I’ll have basically almost no possessions with a monetary value, apart from the stock in the companies.
“If things are intense at work, I like just sleeping in the factory or the office.
“And I obviously need a place if my kids are there.
“So, I’ll just rent a place or something.”
The “place” he is renting is a £37,000 ($50,000) prefabricated unit measuring just 20ft by 20ft.
Built by the company Boxabl, the box-like units resemble a studio apartment with an open floor layout.
They feature one large room partitioned into a living room and bedroom area, with a fully equipped kitchen and separate bathroom.
Mr Musk tweeted about the property: “It’s kinda awesome though.”
As part of his portfolio, the billionaire used to own the home of late comedic actor Gene Wilder, who died in August 2016.
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