Elon Musk sells home for $29m after vowing to sell ‘almost all physical possessions’
One down, eight to go.
SpaceX founder and Tesla CEO Elon Musk has sold a sprawling Los Angeles mansion for $29 million — making an initial step toward a pledge to rid himself of his earthly possessions.
The 48-year-old billionaire had listed the Bel Air property for $30 million early last month after pledging that he “will own no house.” The 16,000-square-foot mansion has six bedrooms, 11 baths, and is complete with a tennis court and a two-story library.
The buyer is an LLC tied to Chinese tech billionaire named William Ding, who founded Net Ease, the Wall Street Journal reported on Friday (paywall).
Musk has vowed to get rid of his homes and belongings in order to devote his life “to Mars and Earth.” “Don’t need the cash,” the eccentric billionaire tweeted in May. “Possession just weigh you down.”
Musk told his 36.1 million Twitter followers last month that he was selling the house, writing: “I am selling almost all physical possessions. Will own no house.”
He added: “Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul.”
Musk told podcast The Joe Rogan Experience in May: “I think possessions kind of weigh you down. They’re kind of an attack factor. People say: ‘Hey, billionaire, you got all this stuff’. Well, now I don’t have all this stuff. Now what are you going to do?”
Musk explained that he bought the Wilder home in 2013 because it was across the street from his “main” residence and the initial plan was to demolish it to make way for a larger, modern mansion. “I was, like, I think I’ll buy it and preserve the spirit of Gene Wilder,” he said.