Elon Musk sells Bel-Air house to Chinese billionaire for $29 million: Report

Tesla CEO Elon Musk had bought the Bel-Air house for $17 million in 2012. Musk had announced in a tweet in May that he was selling almost all physical possessions.
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| Updated on: 20 Jun 2020, 10:28 AM
File photo of Tesla CEO Elon Musk
File photo of Tesla CEO Elon Musk

Tesla Inc Chief Executive Officer Elon Musk has sold one of his homes in the Bel-Air area of Los Angeles for $29 million, the Wall Street Journal reported on Friday, citing public records.

"I am selling almost all physical possessions. Will own no house," Musk had said in a tweet on May 1.

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The buyer is a company tied to Chinese billionaire William Ding, the report said. He is the founder and chief executive officer of online gaming firm NetEase Inc.

(Also read: Tesla CEO Elon Musk puts two homes on market after vow to sell most possessions)

Musk bought the house for $17 million in 2012 from Mitchell Julis, co-founder of hedge fund Canyon Capital Advisors, according to the report.

Musk still owns other properties in the area, the WSJ report said.

First Published Date: 20 Jun 2020, 10:28 AM IST
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