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.
By : Reuters
| Updated on: 20 Jun 2020, 10:28 AM
File photo of Tesla CEO Elon Musk
File photo of Tesla CEO Elon Musk
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.

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.

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(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.

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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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