World’s 3rd Richest Man Elon Musk Now Lives in Rented Apartment After He Sold off His Houses

World’s 3rd Richest Man Elon Musk Now Lives in Rented Apartment After He Sold off His Houses

  • Elon Musk owns just one house in the San Fransico Bay area in California, United States
  • The billionaire, however, resides in a tiny one-bedroom apartment worth KSh 5.3 million (N20,223,614.90)
  • The 50-year-old currently has a net worth of $169.8 billion (N69,871,002,000,000) and is only behind the Bernard Arnaul Family and Jeff Bezos

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Elon Musk, the world's third-richest man now lives in a small rented house after selling his real estate assets.

The American centibillionaire owns just one house in the Bay area and his primary residence is a tiny box house that he rents from his rocket company, SpaceX, Forbes reported.

Elon Musk sold some of his real estate assets to remain with a single house.
American centibillionaire Elon Musk is living a simple life. Photo: Getty Images.
Source: Getty Images

The tiny house that measures approximately 37.2 square metres is located in Boca Chics, Texas.

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According to Forbes, Musk currently has a net worth of $169.8 billion (N69,871,002,000,000) and is only behind the Bernard Arnaul Family and Jeff Bezos.

Musk tweeted that the house sells for KSh 5.3 million (N20,223,614.90) and has a setup that resembles a small studio apartment.

Features of the house

The house has one large room that has been partitioned into a living room area, bedroom area, kitchen and bathroom.

Musk said:

“It’s kinda awesome though."

Musk's only remaining house

Musk said he decided to sell some of his houses after being criticised for his massive wealth.

The single house he is now left with is located in Hillsborough, California and boasts of nine bedrooms and ten bathrooms.

He bought it for $23.4 million (N9,628,866,000) in 2017 but its market value has since risen to $37.5 million (N15,430,875,000).

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Musk's name omitted from bitcoin council

Meanwhile, Legit.ng earlier reported that Musk was excluded from the Bitcoin Mining Council which was set up to ensure the crypto miners adhere to renewable energy usage.

The council with full name, North American Bitcoin Mining Council, was put together by investor and founder of MicroStrategy, Michael Saylor.

The group wouldn't be regulating bitcoin miners' activities, but its goal is to encourage the phasing out of fossil fuels used mostly to develop bitcoin and replaced with renewable energy.

Source: Legit.ng

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