SpaceX and Tesla CEO Elon Musk finally sold the last of his remaining properties for $30 million. The tech billionaire previously stated that he wanted to sell most of his possessions for funding a colony on Mars.
Sold: Elon Musk’s last property finally off the market
Musk’s San Francisco Bay mansion is a 47-acre property in Hillsborough. The property was sold for $30 million on December 2, according to reports from MLSListings.com. According to reports from Realtor.com, John Bretthauer Real Estate Experts represented the buyer. However, the firm did not respond or comment on the identity of the new owner of the property. Musk bought the property in 2017 for a little over $23 million from Christian de Guigne IV.
The Guigne family owned the property for over 150 years. However, Musk listed it for $37.5 million earlier this year in June. Unfortunately, upon failing to sell it, he listed it with Mary and Brent Gullixon from Compass for $31.99 million in October 2021. Musk was severely criticized for keeping the property in Hillsborough after vowing to sell all his houses. The billionaire answered with a tweet that he was keeping it for renting it out for events. He also called it a special place, expressing his wish to sell it to a large family.
Musk is selling his properties to fund a colony on Mars
Elon Musk has expressed his wish to send one million people to Mars by 2050. Last May, he also announced that he planned to sell almost all his belongings to fund this dream. He also added that he “will own no house”. And since then, the billionaire has sold his real estate, one after the other. The previous sales include his house in Bel-Air in Los Angeles. During the pandemic, Musk relocated to Texas and is living in a property in Boca Chica, Texas. The property is worth about $50,000 and Musk is renting it from SpaceX, his aerospace venture.
“It’s going to take a lot of resources to build a city on Mars. I want to be able to contribute as much as possible to the city on Mars. That means just a lot of capital,” said Musk during an interview in December 2020. “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. He also stated that he will have “basically almost no possessions with a monetary value,” apart from his stocks.