Elon Musk Claims He Wants No Physical Possessions, Sells One Of His Bel-Air Mansions To Chinese Billionaire

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Elon Musk Claims He Wants No Physical Possessions, Sells One Of His Bel-Air Mansions To Chinese Billionaire

The CEO of Tesla and Space X, Elon Musk, announced in May 2020 that he is selling his possessions since he does not want any. With this announcement, several of his Bel-Air mansions were put on the market. Recently, he made his first sale to a Chinese tech billionaire for a whopping $29 Million. Here’s everything you need to know:

Elon Musk Wants To Sell All Personal Possessions??

On May 1, 2020, Elon Musk took to Twitter to rant about his material possessions. He announced that he would be selling all of his personal assets since they only weigh him down. He also announced that he would only be concentrating on Mars and Earth, and will own no house. Adding to this, he said, he did not need the cash, and only needed to devote himself to his work.

Following this announcement, he listed two of his Bel-Air Mansions on sale, and soon after put up five more properties from Los Angeles. All properties were listed as ‘For Sale By Owner’ on the home selling website, Zillow.

Elon Musk Claims He Wants No Physical Possessions, Sells One Of His Bel-Air Mansions To Chinese Billionaire

Who Bought Elon Musk’s Bel-Air Mansion?

The mansion, which was listed at $30 Million, is now owned by a Chinese tech billionaire called Ding Lei at $29 Million. Ding is the Founder and CEO of the tech company NetEase. The mansion is spread across 16,251 sq. Ft. and has six bedrooms, eleven bathrooms, and a two-story library, among other amenities.

The buyer, Ding, has formerly had the title of China’s Richest Man in 2003. NetEase, his company, is one of China’s largest gaming companies, and Ding has a net worth of $21.09billion Hong King dollars or $2.72billion US dollars. The company opened a North American Headquarters in California in 2014. This mansion originally cost $17 Million, when Musk bought it from Mitchell Julis. This extravagant home is located in lower Bel-Air and overlooks the Bel-Air Country Club.

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