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Elon Musk sells Bel-Air house to Chinese billionaire for $29 million: WSJ

Published 06/19/2020, 06:29 PM
Updated 06/19/2020, 06:30 PM
© Reuters. FILE PHOTO: Automobile awards The golden steering wheel in Berlin

(Reuters) - Tesla Inc (O:TSLA) Chief Executive Officer Elon Musk has sold one of his homes in the Bel-Air area of Los Angeles for $29 million, the Wall Street Journal reported on Friday, citing public records.

"I am selling almost all physical possessions. Will own no house," Musk had said https://twitter.com/elonmusk/status/1256239554148724737 in a tweet on May 1.

The buyer is a company tied to Chinese billionaire William Ding, the report said. He is the founder and chief executive officer of online gaming firm NetEase Inc (O:NTES).

Musk bought the house for $17 million in 2012 from Mitchell Julis, co-founder of hedge fund Canyon Capital Advisors, according to the report.

Musk still owns other properties in the area, the WSJ report said.

Latest comments

screw your moderators, free speech !
Good businessman. Haters are only jealous. Well done Elon. Only sad thing is more foreigners buying up US property
If he got so much money, I wonder how much he pay his workers. Can be world changer if he pays the best wages to his workers.
12M profit..what the heck.. profit is profit.. he dont need money anyway..
6 mil profit perhaps after tax.
hes gonna use those profit to buy some shares to pump the stock to $2000!!
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