Executive Insights

Elon Musk has spent R1.46 billion on 7 lavish houses, including one with a ballroom and flower-arranging room

Business Insider US
Tesla CEO Elon Musk.
  • Tesla and SpaceX CEO Elon Musk has spent roughly $100 million (R1.46 billion) on buying up California mansions over the last 7 years, according to the Wall Street Journal.
  • One of the properties found by the newspaper is a 100-year old mansion complete with ballroom and flower-arranging room.
  • Another is a ranch house formerly owned by actor Gene Wilder.
  • For more stories, go to Business Insider's home page.

The Wall Street Journal reports that Tesla CEO and billionaire Elon Musk and companies affiliated with him have spent a rough total of R1.46 billion million on six houses since 2012.

6 of the houses are situated a stone's throw from each other in Bel-Air, California. Musk also owns a large estate near Tesla's headquarters in Northern California.

According to the Journal's analysis, the Bel-Air properties consist of:

  • A colonial mansion currently worth $22.3 million (R326 million) that comes with a lighted tennis court, 5 garages, and a pool.
  • A ranch house formerly owned by actor Gene Wilder worth $7.8 million (R114 million).
  • A 6-bedroom house with 8 bathrooms worth $20 million (R292 million) 
  • A 4 bedroom property worth $4.9 million (RR72 million). Neighbors reported seeing pink lights on in the house on Valentine's day, according to the Journal.
  • A 6 bedroom house reportedly made up of "geometric shapes" and worth $27.3 million (R399 million).
  • A colonial house bought in January 2019, now worth $4.2 million (R61 million).

The estate in Northern California houses a 100-year-old mansion worth $27.2 million (R398 million). Before Musk bought it it had been in the same family for 150 years. It comes complete with ball-room, flower-arranging room, a staff wing, and a pavilion bedecked in 18th-century Chinese wallpaper.

Aerial shots in the Journal show the house nestled among the trees, with manicured gardens and a large front driveway.

It is not clear which of the various properties, if any, is Musk's primary residence.

Elon Musk's assets and worth have recently been the subject of scrutiny in court.

Musk is currently fighting a defamation case in the US against British cave diver Vernon Unsworth, who Musk dubbed "pedo guy" after Unsworth criticised his idea to send a mini submarine to rescue a Thai boys' soccer team trapped in a flooded cave system.

Read more: Elon Musk opens up about his wealth during second day of testimony in 'pedo guy' defamation trial

While testifying this week, Musk estimated his net worth to be $20 billion. "People think I have a lot of cash. I actually don't," he told the court, saying most of his wealth was tied up in shares in his various companies.

You can read the Wall Street Journal's rundown of Musk's properties here.

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