Putting Two Mansions On Sale, Elon Musk Now Prepares Himself For Being 'Homeless'
Anil - May 05, 2020
Tesla CEO Elon Musk has already listed two of his mansions for sale just after announcing that he would bid a farewell to most of his possessions.
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Tesla CEO Elon Musk has already listed two of his mansions for sale just after announcing that he would bid a farewell to most of his possessions.
Musk is now looking for a total of $39.5 million for his properties in California, which he bought in 2012 and 2013. They’re all located in Bel Air – one of the most lavish neighborhood in Los Angeles with plenty of residents who are famous celebrities, super-rich magnates, political figures, and more.

The median home value in Bel Air is close to $3 million, according to Zillow, a well-known real estate database company in the U.S.
For your information, the 48-year-old billionaire posted a couple of tweets declaring that he’s putting almost all of his “physical possessions” on sale. He even said in a tweet that he believed Tesla’s stock price “was too high”, ending up with a 10% plunge on that day.

The high-end real estate market in California, at present, is no longer a favorable segment for both sellers and buyers. Sales of luxury properties were having to face a sinking demand due to the COVID-19 epidemic.
In recent years, the rich from China, Russia, or the Middle East have accounted for a large number of such buyers but it still remains unclear about how long the current situation would exist.

Despite that Musk himself made a stock swoon, his net worth has seen a jump with an additional $8.3 billion, boosting his estimated fortune to $35.9 billion. Elon Musk now ranks 24th on Bloomberg’s list of the richest people in the world.
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