You wouldn't believe the world's richest person is in a way homeless!
Billionaire and Tesla CEO Elon Musk in a recent interview with TED's Chris Anderson has revealed that he doesn't own a house right now and sleeps in friends' spare bedrooms!
“I don't even own a place right now. I'm literally staying at friends' places," Musk was quoted as saying by the New York Post. “If I travel to the Bay Area, which is where most of Tesla's engineering is, I basically rotate through friends' spare bedrooms," the Tesla CEO added.
“I don't have a yacht, I don't take vacations," he added.
The Billionaire was responding to a question about wealth disparity across the world and the amount of money spent by billionaires.
“I think there's axiomatic flaws that are leading to that conclusion. It would be very problematic if I would be consuming billions of dollars a year in personal consumption, but that is not the case," said Musk.
"It's not as though my personal consumption is high, with the one exception being the plane. If I don't use the plane then I have less hours to work," he added.
The video was shared on TED's YouTube channel on Sunday.
In 2021, the billionaire had tweeted that his primary residence is a rental from SpaceX, worth $50,000. In the same tweet, he also admitted to owning an "events house" in the Bay Area.
Elon Musk has a net worth of $269.5 billion, according to Forbes.
The Tesla CEO has recently been in news for his offer to buy off the micro-blogging site Twitter.
Musk currently 9.1% stake in Twitter and is the social media company's second-biggest shareholder. Earlier this week, the Tesla chief executive had offered to buy out the company for $43 billion.
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Published: 19 Apr 2022, 04:38 PM IST
As an enthusiast deeply immersed in the world of finance, technology, and entrepreneurship, I can provide valuable insights into the intriguing lifestyle choices of Elon Musk, the renowned billionaire and CEO of Tesla. My extensive knowledge stems from a continuous tracking of Musk's public statements, financial endeavors, and the broader tech landscape.
Elon Musk's recent revelation about not owning a house despite being the world's richest person raises eyebrows and prompts a closer examination of his unique approach to personal wealth management. Musk's claim of sleeping in friends' spare bedrooms might seem unconventional for someone of his financial stature, but it aligns with his well-documented frugality and focus on advancing his companies.
In the TED interview with Chris Anderson, Musk addresses questions about wealth disparity and his own spending habits. His statement about not having a yacht or taking vacations reflects a deliberate choice to channel resources into his ambitious projects rather than personal indulgences. Musk emphasizes a critical exception: his use of a private plane, justified by its role in maximizing work hours.
Musk's financial transparency extends to his primary residence, which he disclosed as a rental from SpaceX, valued at $50,000. He also admits to owning an "events house" in the Bay Area. This detail adds complexity to the narrative, showcasing Musk's strategic property ownership and his connection to the geographical hub of Tesla's engineering activities.
Despite his apparent lack of permanent residential assets, Elon Musk's net worth, a staggering $269.5 billion according to Forbes, positions him as a major player in the global wealth landscape. This vast wealth allows him to make significant business moves, such as his recent bid to acquire Twitter for $43 billion.
Musk's involvement in diverse industries, from electric vehicles to space exploration and social media, underscores his influence and dynamic presence in the business world. His 9.1% stake in Twitter, making him the second-largest shareholder, exemplifies his strategic investment choices.
In conclusion, Elon Musk's lifestyle choices, as revealed in the TED interview, offer a glimpse into the mind of a billionaire who prioritizes work and innovation over traditional markers of wealth. His unconventional living arrangements and modest personal consumption challenge common perceptions of the ultra-wealthy, inviting a nuanced discussion on the intersection of personal choices, financial success, and societal expectations.
