Where Does Elon Musk Live?
Elon Musk has become one of the most successful and recognizable business moguls of our time – a billionaire tech entrepreneur and philanthropist who has had a hand in developing renewable energy, electric vehicles, online payment systems, spacecraft, and so much more. With his ever-growing success, Musk has attained a great deal of public interest – including speculation on the personal details of his life. Where exactly does Elon Musk live?
Personal Property
Musk is reportedly a partial owner of four properties in California. His primary residence is in Bel Air, a three-story mansion he bought for around $20 million in 2012. According to a report by The New York Times, the property features an indoor and outdoor pool, along with a home theatre and more. Musk has admitted that he has spent further to furnish the home since his purchase, although the exact amount is unknown.
In addition to his Bel Air mansion, Musk is believed to own homes in the Hollywood Hills and a two-property compound near the SpaceX launch facility in Boca Chica, Texas. The Texas properties, which he purchased for approximately $20 million in January 2020, reportedly feature a 25-acre estate, including a nine-bedroom house, two artificial ponds, and a golf course. Additionally, Mashable reported that Musk owns a 3,390-square-foot penthouse condo in downtown Los Angeles.
The Company
Of course, Musk also owns quite a bit of property due to his business associations. His Hawthorne-based SpaceX headquarters and factory reportedly cost him around $1 billion to build, according to a 2017 report by CNBC. He is also the co-founder of Tesla, the all-electric car company, which is headquartered in Palo Alto, California.
Aside from these primary locations, Musk has also purchased property through both SpaceX and Tesla, laying out plans to build satellite production and launch sites, underground transportation tunnels, and more. A massive Tesla battery development plant is currently in the works in Nevada, while a similar Gigafactory project is planned for Berlin. A 2018 report by Curbed indicates that the Berlin factory will feature a 24,000-square-meter complex, making it the largest of its kind.
Additional Connections
Musk’s numerous business interests and philanthropic endeavors have taken him to many locations around the world, but his connections with certain countries are closer than most. In 2019, The Wall Street Journal reported that Musk held a Slovakian passport in addition to his American citizenship, affording him the opportunity to travel freely within the European Union. He has also reportedly maintained a citizenship in South Africa since the age of 21, although it is unclear if he currently holds the passport.
In addition to his Slovakia and South Africa connections, Musk officially became a citizen of Canada in 2018. Musk accepted that year’s Twinning Award from the Canadian government, acknowledged as a symbol of friendship between Canada and the United States.
Mobility
With all of his homes and business interests, it’s clear that Musk has not stayed in one place for any length of time in recent years. He is known to have traveled frequently between Australia, the United States, and Canada, where he is believed to have been involved in business dealings. Musk also appears to take periodic trips to South Africa to see family, although he is rarely seen with his five sons in public.
Perhaps the most regular of Musk’s travel locations is near the SpaceX launch facility in Boca Chica, Texas. Musk reportedly splits his time between the facility and his Bel Air home, often spending hours surveying the site each day. And while Musk is believed to own numerous aircraft, he is also known to have traveled by land more than once, making frequent road trips between California and Texas.
Impact Of Tesla On Property Value
The Tesla brand has been a major boon for the property values of certain locations around the world. According to Business Insider, Tesla’s launch of the Model 3 in the Netherlands in 2018 drove up property values in the municipality of Emmen. This rise in value has been attributed to the appeal of owning a Tesla, with property owners hoping to lure in potential buyers eager to purchase the vehicles.
Similar impacts have been felt in places like Texas, where the property values of locations around the Boca Chica launch facility have reportedly increased as a result of the Tesla and SpaceX presence. In particular, local businesses have experienced an influx of new customers, resulting in a rise in revenue.
Conclusion
In short, Elon Musk is a highly successful, influential figure with business dealings in many parts of the world. He is known to own several homes, in addition to having a hand in a number of technological and neurological initiatives. His work has had a tangible impact on the value of properties located near his various businesses around the world. Finally, he splits his time between his various properties, although he is perhaps most regularly found at his Boca Chica launch facility and his Bel Air home.
