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Elon Musk said he'd sell all his houses to fund colonizing Marsbut he's kept one in California that he rents out for 'events

Published by Business Insider on Thu, 10 Jun 2021

<p><img src="https://static2.businessinsider.com/image/60c1db3923393a00188e25d4-2400/Elon%20Musk%20smile.JPG" border="0" alt="Elon Musk" data-mce-source="REUTERS/Mike Blake" data-mce-caption="Elon Musk"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p><a href="https://www.businessinsider.com/worlds-richest-person-elon-musk-dedicate-wealth-mars-colony-2021-1">Tech billionaire Elon Musk said he would sell all his houses to fund a colony on Mars</a>but has now revealed that he's kept one of his properties.</p><p>Musk said on Twitter Wednesday that he owns a house in the Bay Area "that's rented out for events." If he sold the house, it "would see less use, unless bought by a big family, which might happen some day," Musk said.</p><p>He added that he had sold all his other houses, and rented his main property in <a href="https://www.businessinsider.com/boca-chica-residents-complain-about-space-x-2021-5">Boca Chica</a>, Texas, from his aerospace company SpaceX.</p><div><blockquote class="twitter-tweet" data-lang="en" data-cards="" data-conversation=""><p lang="en" dir="ltr">Yeah, sold my houses, except for 1 in Bay Area thats rented out for events. <br><br>Working on sustainable energy for Earth with Tesla &amp; protecting future of consciousness by making life multiplanetary with SpaceX. Also, AI risk mitigation with Neuralink &amp; fixing traffic with Boring.</p> Elon Musk (@elonmusk) <a href="https://twitter.com/mims/statuses/1402689914836197376'ref_src=twsrc%5Etfw">June 9, 2021</a></blockquote><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet" data-lang="en" data-cards="" data-conversation=""><p lang="en" dir="ltr">My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. Its kinda awesome though.<br><br>Only house I own is the events house in the Bay Area. If I sold it, the house would see less use, unless bought by a big family, which might happen some day.</p> Elon Musk (@elonmusk) <a href="https://twitter.com/mims/statuses/1402718368633745410'ref_src=twsrc%5Etfw">June 9, 2021</a></blockquote><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></div><p>Musk didn't elaborate on how much the Bay Area house is worth, but said that the house he rents in Boca Chica is worth around $50,000.</p><p>Musk is <a href="https://www.businessinsider.com/worlds-richest-person-elon-musk-dedicate-wealth-mars-colony-2021-1">dedicating as much money as he can to colonizing Mars</a>, and would sell most of his material possessions to fund this, he told Mathias Dpfner, the CEO of Insider's parent company, Axel Springer, in a December interview.</p><p>"It's going to take a lot of resources to build a city on Mars," Musk said. "I want to be able to contribute as much as possible to the city on Mars. That means just a lot of capital."</p><p><em><strong>Read more: </strong><a href="https://www.businessinsider.com/tesla-elon-musk-executives-execs-leaders-key-future-stock-price-2021-5" data-e2e-name="inline-read-more-link">Elon Musk is Tesla's most visible leader, but not its only one. Meet 12 other people who control its future.</a></em></p><p>Musk told Dpfner that he would have "basically almost no possessions with a monetary value," apart from stock in his companies.</p><p>"People will attack me and say, oh, he's got all these possessions. He's got all these houses. OK, now I don't have them anymore," he added.</p><p>Musk has said he<a href="https://www.businessinsider.com/elon-musk-plans-1-million-people-to-mars-by-2050-2020-1" data-analytics-module="body_link" data-analytics-post-depth="100" data-uri="8c6b249c8832ee681be8dc9818eee55d">planned to send 1 million people</a> to Mars by 2050. SpaceX would build a fleet of 1,000 Starships to ferry them there, he said.</p><p>Musk<a href="https://www.businessinsider.com/elon-musk-selling-belongings-house-tesla-stock-2020-5" data-analytics-module="body_link" data-analytics-post-depth="40" data-uri="b5a27a70bd9269a9e25ce07745ba3e7e">announced</a> last May that he planned to sell "almost all" of his belongings to fund the venture and that he "will own no house." Since then the entrepreneur has sold several homes in his real-estate portfolio, which was once worth upward of $100 million.</p><p>In 2020,<a href="https://www.businessinsider.com/elon-musk-sells-3-more-los-angeles-homes-report-2020-12" data-analytics-module="body_link" data-analytics-post-depth="60" data-uri="ab1f5e8d2b594f419324b55be9fb792f">Musk sold several high-dollar properties</a>, including three neighboring homes in the Bel-Air neighborhood of Los Angeles and an estate formerly belonging to the actor Gene Wilder.</p><p>Musk confirmed in December that he had <a href="https://www.businessinsider.com/tesla-ceo-elon-musk-confirms-move-to-texas-2020-12">relocated to Texas from California</a> during the pandemic. He <a href="https://twitter.com/elonmusk/status/1402686934900633607's=20">tweeted</a> on Wednesday that he would continue to pay "significant" income taxes in California, after ProPublica reported that <a href="https://www.businessinsider.com/elon-musk-paid-little-in-taxes-2014-2018-propublica-report-2021-6">he had only paid $455 million in taxes from 2014 to 2018</a>, despite his wealth growing $14 billion over the same period.</p><p><a href="https://www.businessinsider.com/elon-musk-texas-california-house-rent-bay-boca-raton-mars-2021-6#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/map-major-us-oil-gas-energy-pipelines-2015-12">A major supplier of fuel to the East Coast has been down following a cyberattack. This animated map shows all the major oil and gas pipelines in the US.</a></p>
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