To contact the team of moderators, write to moderator@sputniknews.com, Get push notifications from Sputnik International, https://cdn1.img.sputniknews.com/img/107967/09/1079670921_0:124:2650:1615_1200x675_80_0_0_a642d8fe66bd2e1767c9087d746e69de.jpg.webp, https://cdn2.img.sputniknews.com/i/logo.png, https://sputniknews.com/us/202006201079670900-elon-musk-sells-los-angeles-home-to-chinese-billionaire-for-29m-report-says/. Six homes in the Bel Air section of Los Angeles worth $70million, including: Colonial mansion worth $22.3million that comes with lighted tennis court, five garages, and a pool; Ranch house once owned by Gene Wilder worth $7.8million; House with six bedrooms and eight bathrooms worth $20million; Six-bedroom house made up of 'geometric shapes' and worth $27.3million; A 100-year-old mansion in Northern California for $27.2million, Paid $920,000 at auction for Lotus Esprit submarine car used in Bond movie, Gas-powered Jaguar E-Type Series 1 Roadster. This home was purchased by Musk last year. To improve the performance of our website, show the most relevant news products and targeted advertising, we collect technical impersonal information about you, including through the tools of our partners. This home is also located on Somera Road in Los Angeles, This is one of Musk's many homes. Elon Musk has sold one of his homes in Los Angeles for $29 million, according to the Wall Street Journal. We are no longer accepting comments on this article. Read more: Elon Musk has sold his mansion overlooking Los Angeles for nearly $4 million. The grandiose five-bedroom mansion, which overlooks the Bel-Air Country Club, was reportedly sold to a firm linked to Chinese tech billionaire ‘William’ Ding Lei for just under the $30-million asking price. A Los Angeles home that billionaire Tesla CEO Elon Musk bought in 2014 and transferred to his ex-wife is now on the market for roughly $4.2 million.. Users are obliged abide by national and international laws. Subscriber Elon Musk has sold his mansion overlooking Los Angeles for nearly $4 million. It also features a gym, pool, a wine cellar, fruit orchard and a five-car garage. You can find a detailed description of how we use your data in our Privacy Policy. That house is … The mansion has a pool, ballroom, banquet dining room and an 8-car carport. On May 4, Musk listed his lower Bel Air estate that overlooks the Bel Air Country Club. During his May 1 Twitter rant, Musk said he would sell the home with certain conditions. The 16,251 sq ft mansion features six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis court. By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal. The second home was listed for $9.5million and used to be owned by late Willy Wonka actor, Gene Wilder, who died in 2016. Devoting myself to Mars and Earth. Here's a look inside. Elon is liquidating his assets. In the case of repeated violations of the rules above resulting in a second block of a user’s account, access cannot be restored. The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content. Musk also purchased a seventh home near Tesla headquarters in Northern California. In November 2013, Musk purchased the three-quarter-acre Bel Air home for $6.75million. This home sits on Somera Road in Los Angeles, The homes are described on Zillow as being 'a project for the big thinker, designed to showcase one of the best views in Los Angeles - from the city to the ocean and beyond'. The 16,251sqft mansion features six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis court, According to the Zillow listing, the home also has a pool (pictured), One of the mansion's features is a tennis court (pictured), according to the listing, The mansion also features a gym, wine cellar, fruit orchard and a five-car garage. The homes are described on Zillow as being 'a project for the big thinker, designed to showcase one of the best views in Los Angeles - from the city to the ocean and beyond'. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts. By Ryan Parry, West Coast Editor For Dailymail.com, Published: 22:44 GMT, 1 July 2020 | Updated: 01:49 GMT, 2 July 2020. as well as other partner offers and accept our, Visit Business Insider's homepage for more stories, purchased neighboring properties because of privacy concerns. Just days later on May 4, it was revealed that the billionaire had listed two Bel Air properties on Zillow. Here's a look inside. Musk purchased the Hillsborough home in June 2017 for $23.3million. We are committed to protecting your personal information and we have updated our Privacy Policy to comply with the General Data Protection Regulation (GDPR), a new EU regulation that went into effect on May 25, 2018. You can withdraw your consent using the method specified in the Privacy Policy. This comes several weeks after he put two Bel Air homes on the market for $39.5million and another home in Hillsborough, California, for $35million following a Twitter rant where he vowed to sell off his material possessions. Musk said he is considering moving Tesla's production to Texas or Nevada after California officials attempted to block the carmaker from restarting production after being shut down amid the coronavirus pandemic, Bloomberg reported. Musk bought two homes in 2015: a modest ranch house for $4.3million and $20million mansion. The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules. He has put up most of his portfolio for sale as part of a quest to “own no house” and sell “almost all physical possessions”. According to public listings, Elon Musk bought the house for $17 million in 2012 from Mitchell Julis, co-founder of Los Angeles hedge fund Canyon Capital Advisors. Read more: Elon Musk has sold his mansion overlooking Los Angeles for nearly $4 million. Keep reading to take a look inside Musk's real-estate portfolio. In total, he has spent more than $100million for seven properties since 2012, according to The Wall Street Journal. A total of seven of Musk's homes have since appeared on Zillow as "for sale by owner.". This mansion sits on Chalon Road in Los Angeles, Zillow also noted that 'due to listing limitations, additional specs on each individual home, as well as insight on the project as a whole, will be made available upon request by qualified buyers'. This image shows the four homes that Musk recently sold. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy. It was purchased by Musk in 2012 for $17million. The residence, which was purchased by Musk in 2012 for $17million, was listed for $30million on Zillow. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Elon Musk sold one of his Bel Air homes in Los Angeles for $29 million to another tech billionaire, after pledging to sell all his houses. This property was listed for $30M. The home is one of six that Musk bought within walking distance of each other. 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While multi-structure residential estates are quite common in Los Angeles, Elon Musk’s four properties are not contiguous, and clearly not a cohesive compound. The properties were … Musk assured his followers that the selling of his possessions was not financially motivated. Why Today's Vote Affects California Tenants and Uber Drivers, Samoan Islanders and an Ex-Astronaut. Are you sure you want to delete your Sputniknews.com account? Please review our Privacy Policy. Here's how the eccentric CEO makes and spends his $38.2 billion fortune. Account active Users can initiate the recovery of their account / unlock access by contacting the moderators at moderator@sputniknews.com. 'Don't need the cash. It was listed for $9.5million and used to be owned by late Willy Wonka actor Gene Wilder, who died in 2016, In November 2013, Musk purchased the three-quarter-acre Bel Air home for $6.75million. does not correspond with the subject of the post; promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities; violates the rights of minors, causing them harm in any form, including moral damage; contains ideas of extremist nature or calls for other illegal activities; contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations; contains insults or messages expressing disrespect to Sputnik; violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence; describes or references scenes of violence, cruelty to animals; contains information about methods of suicide, incites to commit suicide; pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information; promotes products or services of third parties without proper authorization; contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition; contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes; promotes the use of narcotic / psychotropic substances, provides information on their production and use; contains links to viruses and malicious software; is part of an organized action involving large volumes of comments with identical or similar content ("flash mob"); “floods” the discussion thread with a large number of incoherent or irrelevant messages; violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling"); doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences. Ding Lei is the chief executive of Netease, a sprawling online and mobile games corporation that is second in China only to Tencent. The second home Musk listed on May 4 was this residence. All told, Musk and companies associated with him own at least seven homes worth over $100 million, Business Insider previously reported. Elon Musk vowed to sell "almost all physical possessions" including his homes in a, Musk owns at least seven houses worth a combined, The billionaire tech mogul has a net worth of $39.3 billion, per. Aya Chalon, LLC will provide all services for the development and construction of the project including design, architecture, interior design and property management.'. DailyMail.com has learned the latest properties to go have been snapped up by Arya Chalon, LLC, a new entity led by prolific mega-mansion developer and designer Ardie Tavangarian for an undisclosed amount. Kim Kardashian and Kanye West are collectively worth over half a billion dollars. If you have any questions or concerns about our Privacy Policy, please contact us at: privacy@sputniknews.com. © During a recent interview on "The Joe Rogan Experience" podcast, Musk explained that he'd purchased neighboring properties because of privacy concerns, including people trying to reach his primary home by climbing over walls. The four Los Angeles homes were listed on Zillow as a combined multi-property listing with an asking price of $62.5million. Lei’s net worth was pegged at $17.2 billion in 2019, making him the eighth-richest person in China. In a series of tweets on May 1, the Tesla founder, who according to Forbes is worth more than $38billion, announced that he intends to sell 'almost all physical possessions', The fifth home, which is located in Hillsborough, California, has been listed for $35million. SpaceX founder and Tesla CEO Elon Musk has sold a sprawling Los Angeles mansion for $29 million — making an initial step … A roundup of uplifting stories about everyday heroes. Exclusive: Saif al-Islam Gaddafi is the Only Candidate Who Can Lead Libya Out of Chaos, Muammar Gaddafi’s Cousin Says. The comments below have not been moderated. Source: Wall Street Journal, Business Insider, Source: Business Insider, Wall Street Journal. Elon Musk has signed a letter of intent to sell another four of his multi-million dollar California properties. All three homes sit on the cul-de-sac of five homes. UAE, Bahrain and Israel: Peace or Discord? Zillow also noted that 'due to listing limitations, additional specs on each individual home, as well as insight on the project as a whole, will be made available upon request by qualified buyers'. A year later, Musk purchased a large, unfinished home for $24.25million. Post limit reached. You can restore your account within 30 days by following the link sent to the e-mail address you entered during registration. Your account has been deleted! Neighbors also told the Journal in December that it didn't appear anyone was living in this house full-time. 'Just one stipulation on sale: I own Gene Wilder's old house. It features five bedrooms, 4.5 bathrooms, an oval pool and a private guest cottage. An explanation of the actions which were in violation of the rules above and resulted in the lock. Vienna Attack: How Will Terror Acts Affect Europe’s Policies and Relations With Muslim Countries? It contains details about the types of data we collect, how we use it, and your data protection rights. Elon Musk and Grimes just had a baby boy. If the moderators deem it possible to restore the account / unlock access, it will be done. Here's a look inside. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, Ryan Parry, West Coast Editor For Dailymail.com. Elon Musk has signed a letter of intent to sell another four of his multi-million dollar California properties. AFP 2020 / Getty Images /Joe Raedle. Musk purchased his Hillsborough home in June 2017 for $23.3million. Elon Musk is apparently following through on his pledge to sell off his entire $100 million real-estate portfolio. Musk paid $6.4million for this residence which is located on Somera Road, In a statement from the firm given to DailyMail.com, it stated: 'Arya Chalon, LLC will combine the multi-property portfolio into a new single development project to make it truly one-of-a-kind. Since you already shared your personal data with us when you created your personal account, to continue using it, please check the box below: If you do not want us to continue processing your data, please click here to delete your account. The listings are a stunning reversal of Musk's real-estate strategy to date; the billionaire spent years buying up adjacent mansions in Los Angeles' swanky Bel Air neighborhood. The Tesla and SpaceX co-founder reportedly owns at least seven houses worth $100 million combined, including six mansions in Bel Air (among them one formerly owned by the late Willy Wonka actor Gene Wilder). Elon Musk is selling two of his Los Angeles homes, just a few days after the billionaire said he was selling all his physical possessions.. The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected. SpaceX and Tesla Motors CEO Elon Musk spends $24.25 million on fifth house in Los Angeles's Bel Air area Here's a look inside. It cannot be torn down or lose any its soul,' Musk said. Sign up for Insider Life. Possession just weigh you down,' Musk tweeted. 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In a series of tweets on May 1, the Tesla founder, who according to Forbes is worth more than $38billion, announced that he intends to sell 'almost all physical possessions'. Musk’s fortune jumped by $24.4 billion this year to $51.7 billion, making him the world’s 17th-richest person, according to the Bloomberg Billionaires Index. The aspiring Mars coloniser had vowed to let go of almost all his earthly belongings, including his $100-million real estate portfolio. Elon Musk has sold one of his homes in Los Angeles for $29 million, according to the Wall Street Journal. The 16,000 sq ft mansion sits on 47.4 acres of land and features 10 bedrooms and 10 baths. The grandiose five-bedroom mansion, which overlooks the Bel-Air Country Club, was reportedly sold to a firm linked to Chinese tech billionaire ‘William’ Ding Lei for just under the $30-million asking price. Neighbors told the Wall Street Journal in December that the 9,309-square-foot mansion has been under construction since 2011. One down, eight to go. In all language versions of the sputniknews.com websites any comments posted can be edited. Musk has since turned the property into a private school. The cofounder of electric automaker Tesla said that he plans to sell "almost all physical possessions" and "own no house" in a tweet May 1. Here's a look inside the couple's real-estate portfolio, from their sprawling Wyoming ranch to their $60 million Hidden Hills mansion. The 16,000sqft mansion sits on 47.4 acres of land and features 10 bedrooms and 10 baths, Just days later on May 4, it was revealed that the billionaire had listed two Bel Air properties on Zillow. since. A leading-edge research firm focused on digital transformation. They are listed for combined $62.5million. The homes (circled above) are within walking distance of each other, Musk has sold four of his California homes to mega-mansion developer and designer Ardie Tavangarian, Four of the Los Angeles homes were listed on Zillow as a multi-property listing with an asking price of $62.5million. Please try again in a minute. Musk has since turned the property into a private school, The home features five bedrooms, 4.5 bathrooms, an oval pool (pictured) and a private guest cottage, 'We did it!' He appears to have followed through on that promise, with the reported sale of a mansion in Los Angeles for nearly $30 million.