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Elon Musk, now the world’s first trillionaire, has sold most of his California properties and now resides in a small home in Texas. This shift reflects his unconventional approach to wealth and property ownership.
Elon Musk, the world’s first trillionaire, now resides in a small, foldable home in Boca Chica, Texas, after selling multiple high-profile properties across California and Silicon Valley, confirming his shift toward modest living despite his unprecedented wealth.
In 2020, Musk publicly announced his intention to sell almost all physical possessions, including seven California homes valued at over $100 million. His properties included a French château-style mansion, a historic Hollywood home, several Bel-Air residences, and a large estate in Hillsborough, California.
Most of these properties were sold between 2020 and 2021, with the Bel-Air homes and Hillsborough estate fetching combined sales of over $70 million. The properties were sold to developers or private buyers, with plans for redevelopment or preservation. Musk’s last California property, a Hillsborough mansion, sold in 2021 for $40.8 million.
Following these sales, Musk moved into a compact, prefabricated 20-foot-by-20-foot home in Boca Chica, Texas, where SpaceX’s headquarters are located. The home, built by startup company Boxabl, is a foldable, minimalistic residence. While Musk has not officially confirmed his residence, reports and biographer Walter Isaacson indicate he is living in this modest home, contrasting sharply with his previous mansions.
Implications of Musk’s Shift to Modest Living
Musk’s move from luxury estates to a small home illustrates a personal choice that emphasizes his focus on his ventures over personal luxury. It also reflects a preference for simplicity and may influence perceptions of wealth among the tech community. This transition highlights the evolving lifestyle choices of one of the world’s most influential entrepreneurs, raising questions about the role of possessions for the ultra-rich and their public image.
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Musk’s Real Estate Portfolio and Public Statements
Elon Musk’s real estate holdings have included some of Los Angeles’ most expensive homes, such as a French château, a Hollywood estate, and several Bel-Air properties. In 2020, Musk announced via Twitter his intention to sell almost all his possessions, citing ‘freedom’ as his reason. Over the next few years, he sold these properties, often for significant sums, and expressed a preference for minimalism.
His decision to sell was notable among billionaires, many of whom maintain extensive property portfolios. Musk’s public statements and social media activity reveal a consistent theme of detachment from traditional notions of wealth display, aligning with his focus on space exploration and technological innovation. The move to a tiny home in Texas marks a physical and symbolic shift, emphasizing his focus on his companies rather than personal luxury.
“I am selling almost all physical possessions. Will own no house.”
— Elon Musk
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Current Residence Confirmed as Modest Home in Texas
While reports and biographer statements suggest Musk lives in a small, foldable home in Boca Chica, Texas, Musk has not officially confirmed his exact residence. Details about his current living arrangements remain uncertain, and he has made few public comments on his personal living situation since 2026.
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Future Property Decisions and Public Statements
It remains to be seen whether Musk will acquire new properties or maintain his minimalist lifestyle. Any official confirmation or further details about his residence or future real estate plans are expected from Musk or close associates in upcoming months. Additionally, his public statements may clarify his intentions regarding personal possessions and lifestyle choices.
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Key Questions
Why did Elon Musk sell most of his properties?
Musk stated his reason as ‘freedom’ and a desire to own fewer possessions, aligning with his public stance on minimalism and focus on his ventures rather than personal wealth accumulation.
Where does Elon Musk currently live?
According to reports and biographer Walter Isaacson, Musk resides in a small, foldable home in Boca Chica, Texas, near SpaceX headquarters. He has not officially confirmed his residence.
Does Musk own any other properties now?
It is unclear if Musk owns any other properties besides the modest home in Boca Chica. Most of his previous estates have been sold, and he has publicly expressed a preference for minimal possessions.
What does this say about Musk’s lifestyle?
This shift suggests Musk prioritizes his work and innovation over traditional displays of wealth, emphasizing simplicity and focus on his technological pursuits.
Will Musk acquire new properties in the future?
There has been no official announcement about future real estate plans. Any developments will likely be reported publicly if Musk chooses to make new property acquisitions.
Source: Architectural Digest
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