Elon Musk is selling his last remaining house to fund a colony on Mars
- Elon Musk tweeted that he planned to sell his last remaining house, located in California's Bay Area.
- Musk said that he has already sold all his other houses to fund a Mars colony.
- Musk called the property a "special place" and said he wanted to sell it to a large family.
- See more stories on Business Insider SA's home page.
Tech billionaire Elon Musk said Monday that he planned to sell his "last remaining house."
Musk called the property, in California's Bay Area, a "special place" and said he wanted to sell it to a large family.
It follows a ProPublica report last week that said Musk, the CEO of both Tesla and SpaceX, paid $455 million in taxes from 2014 to 2018. His wealth grew $14 billion over the same period.
In response to the ProPublica report, Musk tweeted on Wednesday that he would continue to pay income taxes in California even after relocating to Texas, and said that he only owned one property - a house in California's Bay Area that he rented out for "events."
He now plans to sell this house, according to a tweet he posted in the early hours of Monday morning, US time.
Decided to sell my last remaining house. Just needs to go to a large family who will live there. Itâ€™s a special place.— Elon Musk (@elonmusk) June 14, 2021
"It's going to take a lot of resources to build a city on Mars," Musk told Mathias Döpfner, the CEO of Insider's parent company, Axel Springer, in a December interview. "I want to be able to contribute as much as possible to the city on Mars. That means just a lot of capital."
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