Tuesday, April 16, 2024

The story of Elon Musk’s “cheap” house … Where does the world’s richest man live?


Elon Musk, CEO of Tesla, said his primary residence was a simple $ 50,000 house he rented from SpaceX.

The house is near the company’s space station in Texas, but the “Wall Street Journal” reports that the strange millionaire actually lives in a luxurious Austin mansion owned by his wealthy friend Ken Hori.

A house for about 50 thousand dollars

In June, Musk tweeted that his primary home was “actually a $ 50,000 house in Boca Chica rented from SpaceX” and that it was “kind of cool.”

However, the magazine reported that Musk had been living on the 8,000-square-foot property owned by Howard, the co-founder of PayPal and the former US ambassador to Sweden, for about a year and that he bought it in 2018 for $ 12 million. The most expensive property in the Austin market.

The newspaper says Musk also searched to buy Austin mansions, citing people familiar with Musk’s living arrangements.

The joint venture between Musk and Howry is PayPal Holdings, which was co-founded by Howry and where Musk worked as an executive.

What we do not know is whether Musk is paying his friend to live in his palace?

Good luck with the mask

On Wednesday, Forbes estimated Musk’s net worth at $ 261.9 billion.

Musk, 50, is the world’s richest man, followed by Amazon founder Jeff Bezos, Bernard Arnold and his family. Musk is currently the only billionaire with a net worth of over $ 200 billion.

Last year, Musk expressed his dissatisfaction with the Govt’s restrictions on operations at the Tesla plant in the Bay Area in the state of California, so he sold several properties in that state.

See also  Tech companies have laid off 153,000 workers worldwide since the start of 2023.

A few days after Musk said in his June tweet that he only had one house in the Bay Area, he put it up for sale.

Tesla relocated its headquarters from California to Texas in October.

The highest-paying American in history

Musk recently got into a tax debate with Democrats on Twitter. In a recent tweet, Musk said he would pay more than $ 11 billion in taxes this year.

In a Twitter dispute with Senator Elizabeth Warren (D-Mass.) Last week, Musk said he would “pay more taxes this year than any American in history.”

According to Forbes estimates, Musk will have to pay at least $ 8.3 billion in taxes to the federal government by 2021.

He is said to have been critical following reports that Musk had not paid his taxes in 2018.

At US tax rates, Musk pays about 53% of his net worth.

Legendary numbers in the exceptional year for the “mask”

Musk, CEO of Tesla and SpaceX, was named “Magazine of the Year” by Time magazine.

He is the second richest man on the planet, behind US President Joe Biden and his wife, Kamala Harris.

What about Elon Musk’s mad year? The Tesla and SpaceX leader had a busy schedule between selling his California mansion this year and moving to the approximately 400-square-foot condo in Texas, where he broke up with his pop star girlfriend, discussing his tweets, politicians and thinking of retiring. .

Along with this busy schedule, Musk was also filling his portfolio, with Tesla shares up 39%, in addition to SpaceX’s high rating. In November he became the first person to own $ 300 billion in assets, although it did not last long.

See also  Miami Mayor says bitcoin could be a global currency

Shares of Tesla plummeted after Musk posted a poll on Twitter claiming he was selling some of his shares.

But he still ended the year with a lot of money. Musk made the biggest profit in 2020, adding about $ 110 billion to his fortune, the highest profit ever for a year on Forbes records because Musk maintained his record at Forbes and almost broke it, earning $ 110 billion for the second year in a row. .

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:


More like this

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...