Putting Two Mansions On Sale, Elon Musk Now Prepares Himself For Being 'Homeless'

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 24^th on Bloomberg’s list of the richest people in the world.

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