Kicking off a major Selling Spree, Elon Musk Sells His Bel Air Mansion
American billionaire businessman Elon Musk, the owner of Tesla Motors, sold one of his luxury mansions in Bel Air, Los Angeles, for $29 million. The buyer was Chinese businessman and billionaire Ding Lei, also known as William Ding. This news alone may not be very alarming, but what may shock you is learning that this is the first step of Elon Musk in a comprehensive plan aimed at selling his entire property.
You read that right!
Musk, 48 years of age, sold one of his seven homes in California that were put up for sale after he announced via his Twitter account that he intended to sell his house. He was quoted as saying that he was selling nearly all his physical possessions, and one day will come when he will “own no house.” He further added that there was only one condition for sale, and that was that he would own Jane Wilder’s house.
Read – 11 of Elon Musk’s Most Controversial and Surprising Tweets
How the big reveal happened
During an interview taken by Joe Rogan in May on a podcast program, Elon Musk was quoted saying that he believed that property underestimated people’s existence and that it was also a starting point for criticism. He seemed to be challenging the people who throw statements like “you’re a billionaire, you have everything” at home by saying that he was going to sell off everything he had and then see what they were going to do about it!
The Bel Air mansion sale
And indeed, Elon Musk, with a net worth estimated to be about $38 billion, has offered to sell the rest of his homes in California. His collection of properties includes seven houses, out of which, only one has been sold so far. That house was initially listed for $30 million, but it finally sold for $29 million. When Musk had bought this huge house in 2012, it had cost him $17 million.
The sale was considered as unique as the owner himself did it. Musk didn’t hire a real estate agent to list the property, and later, the mansion appeared on the Billow real estate website. The villa, which covers 16,251 square feet, includes six bedrooms, 11 bathrooms, a two-story library, a swimming pool, tennis court, gym, fruit orchard, and a five-car garage.
Read – The 5 Largest Mansions in Los Angeles
Introducing the buyer
As already revealed, the buyer of the extensive property is William Ding, a CPPCC member and the founder and CEO of NetEase, a technology company in Guangzhou, China. The company develops Internet games, mobile phones, e-commerce platforms, and advertising and email services in China. It’s one of the largest gaming companies out there.
Ding has a fortune of $23.5 billion, and in 2003, he was the wealthiest man in China, in addition to being the country’s first Internet billionaire and gambling tycoon.
More in Luxury
-
`
The Origin of Elon Musk’s Feud With Bill Gates
In the world of tech titans and billionaire visionaries, it’s not uncommon for rivalries and feuds to develop. One of the...
November 1, 2023 -
`
Wall Street Downgrade VS. Upgrade: Which One Is Better for Your Money?
“Bad news sells.” It is an age-old adage we have all heard before. In the world of finance, the principle often...
October 28, 2023 -
`
Guitar Smashed By Nirvana’s Kurt Cobain Sells for Nearly $600k!
In the world of rock ‘n’ roll, legends are born from the music and the artifacts left behind. One such artifact,...
October 21, 2023 -
`
Dwayne “The Rock” Johnson’s Plastic Surgery Journey
Dwayne Johnson, globally celebrated as “The Rock,” is synonymous with wrestling and Hollywood stardom. With a physique chiseled from relentless workouts...
October 10, 2023 -
`
The Most Expensive Things Owned By Brad Pitt
Brad Pitt, one of Hollywood’s most iconic and influential actors, has amassed fame and fortune and an impressive collection of extravagant...
October 3, 2023 -
`
Upgrade Your Man Cave With These Creative & Practical Tips
Your man cave is that sacred space where you can unleash your inner creative beast, indulge in hobbies, or simply kick...
October 1, 2023 -
`
How the Transcontinental Railroad Forever Altered America
The construction of the Transcontinental Railroad is one of the most transformative moments in American history. Completed in 1869, this monumental...
September 28, 2023 -
`
Is America Obsessed With Shopping?
In the wake of the pandemic, Americans have unleashed a shopping spree like never before. The geopolitical tides have shifted, and...
September 22, 2023 -
`
Why Oliver Stone Praised Oppenheimer
In cinema, certain films can transcend mere entertainment, etching themselves into the annals of time as instant classics. One such cinematic...
September 14, 2023
You must be logged in to post a comment Login