“Individuals suppose I’ve loads of money. I truly don’t,” billionaire Tesla CEO and founder Elon Musk informed a packed Los Angeles federal courtroom final week.
If the electrical automotive titan has been a bit skinny these days, it might be due to a quietly amassed cluster of six Bel-Air properties unearthed by The Wall Street Journal earlier this week. In whole, the true property offers have set Musk again round $100 million.
Musk’s first big-ticket buy got here in 2012, when he purchased a 20,248-square-foot mansion with views of the Bel-Air Nation Membership for $17 million. The embowered seven-bedroom property features a tennis court docket, a spa, and 5 garages—presumably sufficient to suit a single Tesla cyber truck. It additionally holds an 1,000-bottle wine cellar and a two-story library.
Lower than a 12 months later, Musk made strikes to broaden his Bel-Air fiefdom, placing down $6.75 million for a relatively modest three bed room ranch home simply throughout the road. The two,756-square-foot property, as soon as owned by actor Gene Wilder, served because the non-public college for his 5 sons (a set of twins and triplets), based on the WSJ.
Musk continued his shopping for spree on Chalon Street with a $20 million, 7,026-square-foot home with six bedrooms and eight bogs. Like all of his properties, it was purchased by means of an LLC.
Then, beginning in 2015, Musk’s spending moved to an adjoining road down the hill, Somera Street, the place 5 homes sit on the finish of a cul-de-sac. Over the following 4 years, LLCs linked to Musk have purchased three of the 5 properties, resulting in hypothesis that he could also be searching for to personal the entire cul-de-sac.
Duck Duck Goose, an LLC tied to Musk, paid $four.three million for a 2,963-square-foot Mid-century trendy 4 bed room—10 % over the asking worth. When the WSJ visited the property, reporters discovered it “unkempt,” with useless crops and enormous bins of rubbish exterior. Whereas nobody appeared to dwell there full-time based on neighbors, the home was illuminated by pink lights for Valentine’s Day.
A 12 months later, Musk expanded his footprint within the cul-de-sac with the $24.25 million buy of a 9,309-square-foot modern residence in-built 2011.
Essentially the most lately (though probably not the final) transaction got here early this 12 months, when an LLC sharing an deal with with SpaceX’s headquarters put down $6.four million for an idyllic white Colonial within the Somera Street cul-de-sac. This final funding doesn’t appear to have aged as effectively for Musk, although. Its worth has sunk to $four.2 million, based on Zillow.
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