Elon Musk, owner of a $100 million real-estate portfolio, just tweeted that he will sell all his belongings and 'own no house.' Take a look at some of the mansions he'll have to offload to make that happen.
Elon Musk vowed to sell "almost all physical possessions" including his homes in a tweet Friday. Months before promising to fully liquidate his real-estate portfolio, the Tesla CEO reportedly sold a Brentwood, California, mansion for almost $4 million in late August. Musk owns at least seven houses worth a combined $100 million, including six mansions within steps of each other in Bel Air. The billionaire tech mogul has a net worth of $39 billion, per Bloomberg's latest estimate. Visit Business Insider's homepage for more stories.
Elon Musk intends to sell off his $100 million real-estate portfolio, the billionaire CEO tweeted Friday. The cofounder of electric automaker Tesla said that he plans to sell "almost all physical possessions" and "own no house." The statement was a stunning reversal of Musk's real-estate strategy to date; the billionaire spent years buying up adjacent mansions in Los Angeles' swanky Bel-Air neighborhood. He owns at least seven homes worth over $100 million, Business Insider previously reported. Keep reading to take a look inside Musk's real-estate portfolio.SEE ALSO: Grimes and Elon Musk are officially having a baby in May. Here's how the eccentric CEO makes and spends his $39.5 billion fortune. DON'T MISS: Kim Kardashian and Kanye West are collectively worth over half a billion dollars. Here's a look inside the couple's real-estate portfolio, from their sprawling Wyoming ranch to their $60 million Hidden Hills mansion. Elon Musk built a $39 billion fortune as the CEO of Tesla and SpaceX.
Source: Business Insider Musk and the companies affiliated with him own at least seven residences collectively worth over $100 million, mostly in the Los Angeles area.
Source: Business Insider Musk bought his first piece of Bel Air real estate in late 2012.
Source: Los Angeles Times The Tesla CEO started off by renting the colonial-style house in 2010 and lived with his five sons.
Source: Business Insider He later purchased the mansion for $17 million, although it's now estimated to be worth $22.3 million.
Source: Wall Street Journal The house has 20,248 square feet of space divided into different wings, with a total of seven bedrooms. It also has a two-story library.
Source: Variety, Wall Street Journal The kitchen features a brick ceiling.
Source: Business Insider The backyard has a pool ...
Source: Business Insider ... a tennis court ...
Source: Business Insider ... and a view of the exclusive Bel Air Country Club. The house also has a gym and a wine cellar.
Source: Business Insider Musk bought two other houses on the same street, including one for $6.75 million in October 2013.
Source: Business Insider Beloved actor Gene Wilder lived in the 2,756 square foot, three-bedroom, three-bathroom ranch-style home for over 30 years until 2007.
Source: Business Insider, Wall Street Journal Musk used the house as a private school for his children. And in a 2015 interview with Vogue, the billionaire CEO described it as "like a little schoolhouse on the prairie, except in Bel Air on a golf course."
Source: Variety, Vogue Musk later purchased two more on Bel Air mansions on an adjacent street — another ranch house for $20 million in July 2015 and an unfinished mansion for $24.25 million in 2016.
Neighbors told the Wall Street Journal in December that the 9,309-square-foot mansion has been under construction since 2011. Source: Variety, Wall Street Journal Two years later, Musk reportedly bought another mansion next door to those. The property — a colonial-style, two-story home built with a white brick facade — is estimated to be worth $4.2 million.
Source: Wall Street Journal Musk had bought yet another Los Angeles mansion for $4.3 million in July 2015, but apparently didn't maintain it well. In December, the Wall Street Journal described this property as "unkempt, with a scruffy, bush-filled front yard, a stained glass window, a clay rabbit and dead plants in pots by the front door."
Neighbors also told the Journal in December that it didn't appear anyone was living in this house full-time. Source: Wall Street Journal Though Musk has previously said that he sleeps on a couch or on the floor of a conference room in Tesla's Fremont, California headquarters during busy production periods, he also owns another estate nearby.
Source: Business Insider Located in the ritzy Bay Area suburb of Hillsborough, the 100-year-old, 16,000-square-foot Mediterranean-style mansion boasts 10 bedrooms, bay views, hiking trails, and a ballroom. Musk bought it for $23.4 million in June 2017.
Source: Wall Street Journal The tech mogul also previously owned this "boomerang-shaped house" in Brentwood, California, about 15 miles northwest of downtown Los Angeles with his ex-wife Talulah Riley. The former couple paid just under $3.7 million for it in 2014, per the Variety-owned real-estate site Dirt.
Source: Business Insider, Dirt Read more: Elon Musk has sold his mansion overlooking Los Angeles for nearly $4 million. Here's a look inside. That house is surrounded by privacy hedges for security ...
Source: Business Insider ... but has floor-to-ceiling windows throughout to let the light in.
Source: Business Insider He sold the house for $4 million in late August 2019, Business Insider previously reported.
Source: Business Insider
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Elon Musk is selling 5 more properties worth over $100 million, after tweeting earlier this month that he 'will own no house'
Tesla CEO Elon Musk listed four more properties for sale on Wednesday, with a collective asking...Tesla CEO Elon Musk listed four more properties for sale on Wednesday, with a collective asking price of more than $100 million. Musk, worth more than $38 billion, has pledged to "own no house." He earlier listed two Bel Air Mansions for sale. "People say, 'Hey, billionaire, you've got all this stuff.' Well, now I don't have stuff," Musk recently said in a podcast. "Now what are you going to do?" Visit Business Insider's homepage for more stories. Tesla CEO Elon Musk appears to be fulfilling a tweeted promise earlier in May to offload most of his real estate and ultimately "own no house." He still has a net worth of some $38 billion. "I am selling almost all physical possessions," Musk tweeted on May 1. "Will own no house." On Wednesday, Musk, who recently reopened his electric-car factory in defiance of a local California ordinance, listed four more Los Angeles-area properties as "for sale by owner," Bloomberg reported. The real estate has a collective asking price of $62.5 million. Musk also listed a mansion in England for $35 million. The listings come days after the South African businessman began accepting offers on two Bel Air mansions. Their combined asking price: $39.5 million. As Musk recently explained on a podcast, "Possessions kind of weigh you down" — politically, he implied. "They're kind of an attack vector, you know? People say, 'Hey, billionaire, you've got all this stuff.' Well, now I don't have stuff. Now what are you going to do?" Have a news tip? Email this reporter: firstname.lastname@example.orgJoin the conversation about this story » NOW WATCH: Inside London during COVID-19 lockdown
Everything we know about the massive $165 million compound Jeff Bezos reportedly just purchased, the Warner estate
Jeff Bezos is the new owner of the Warner estate, a sprawling compound in Beverly Hills...Jeff Bezos is the new owner of the Warner estate, a sprawling compound in Beverly Hills that he purchased for $165 million, according to The Wall Street Journal. The estate was built in 1937 by one of the founders of Warner Bros., Jack L. Warner. It features a 13,600-square-foot mansion, two guest houses, a pool, and a tennis court. Music and movie tycoon David Geffen was the previous owner of the estate, purchasing it in 1990 for a reported $47.5 million. Visit Business Insider's homepage for more stories. Jeff Bezos is reportedly the new owner of a piece of Hollywood history. The Amazon CEO has purchased the home of billionaire David Geffen for $165 million, according to The Wall Street Journal, breaking a record for the most expensive home sale in California state history. A spokesperson for Amazon did not respond to Business Insider's request for comment on the sale. The estate was built by Warner Bros. cofounder and president Jack L. Warner in 1937. Geffen bought the house, known as the Warner estate, in 1990 for a reported $47.5 million. While photos of the estate are sparse, Los Angeles County has plenty of aerial views of the property that give us our best look yet at Bezos' rumored purchase. SEE ALSO: The most unusual, extravagant ways tech executives like Larry Ellison and Elon Musk have spent their money Jack L. Warner, the cofounder and one-time president of Warner Bros., built his estate in 1937. Warner started constructing the property in 1926, beginning with three acres of what used to be farmland in Beverly Hills. Slowly but surely, Warner started adding parcels of adjacent land and building out the grounds of the estate, adding a golf course and two ponds. Source: Architectural Digest Warner liked to throw extravagant parties that were attended by stars like Olivia de Havilland and Jimmy Stewart and moguls like Howard Hughes. An invitation to a party at the estate was apparently one of the most sought-after in Hollywood in the late 1930s and early 1940s. Warner reportedly filled the estate with expensive art, like a portrait of his wife, Ann, painted by Salvador Dalí. Source: Architectural Digest Jack Warner died in 1978, and Ann Warner owned the house until she died in 1990. That same year, music and movie tycoon David Geffen bought the whole estate, including the art, for a reported $47.5 million. The sale set a record at the time. Source: Forbes, The Wall Street Journal Geffen, who is worth an estimated $9 billion, has a multi-million-dollar real estate portfolio that includes homes in Malibu, East Hampton, and Manhattan. Source: Forbes, Forbes Geffen is also the owner of a $590 million superyacht called the Rising Sun, where he frequently hosts fellow moguls and celebrities — including Jeff Bezos. Source: Business Insider Bezos vacationed aboard the yacht last summer near the Balaeric Islands off the coast of Spain. He was pictured on the deck of the yacht alongside former Goldman Sachs CEO Lloyd Blankfein, model Karlie Kloss, and investor Josh Kushner. Instagram Embed: //instagram.com/p/B00eIZmn6Nn/embed Width: 540px Geffen frequently hosts high-powered celebrities on the 400-foot-plus Rising Sun. Oprah Winfrey, Leonardo DiCaprio, Bradley Cooper, and Barack and Michelle Obama have all been spotted onboard. Source: Business Insider Now, Bezos is reportedly the new owner of the Warner estate. The Wall Street Journal reports that Bezos purchased the property for $165 million, making it the most expensive home sale in California history. No brokers were involved in the sale, according to the Journal. Source: The Wall Street Journal Bezos and his girlfriend, Lauren Sanchez, have reportedly been house-hunting in Los Angeles and touring mansions throughout the area for the last few weeks. Source: New York Post The Warner estate spans eight acres and is situated in the Benedict Canyon neighborhood of Beverly Hills. Source: Los Angeles County The estate promises utmost privacy. It's surrounded by tall hedges, blocked off by a large gate, and is completely hidden from view from the street. Source: Google Maps The compound is home to multiple dwellings, including two guest houses and a 13,600-square-foot mansion. The Georgian-style home has eight bedrooms and nine bathrooms. It reportedly includes a floor that was once owned by Napoleon. Source: Los Angeles County, Architectural Digest, The Wall Street Journal Photos shot of the interior of the estate by Architectural Digest in the early 90s show a screening room, an expansive bar, and a dining room that could easily fit 14 guests. Source: Architectural Digest The grounds also include a tennis court and manicured gardens. Geffen reportedly spent $45 million renovating the property, including $20 million on landscaping alone. Source: The Wall Street Journal There's a large pool and what appears to be an adjacent hot tub outside one of the large guest houses. Source: Los Angeles County At one point, the property also reportedly included a nine-hole golf course and a "motor court" with a garage and gas pumps, although it's not clear if those amenities are still on the property. Source: The Wall Street Journal, Architectural Digest