Elon Musk Sells $29 Million Bel Air Mansion to Tech Billionaire

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If the thing with electric cars and missiles doesn't work, maybe Elon Musk should consider a second (third? Fourth?) Career in the real estate industry. When he first listed several of his six Bel Air houses on Zillow as "for sale by the owner" in April, only a few took him seriously in the high-end playground. But coincidentally, the free advertising that followed brought at least one serious buyer to his door.
As the Wall Street Journal reported for the first time, records have shown that Musk successfully unloaded the Titanic home, which served as the primary residence. And the retail price of $ 29 million is barely 3% below the asking price of $ 30 million and $ 12 million more than he paid for the property in late 2012 less than eight years ago.
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The palace-like residence is walled, fenced and securely protected by an ultra-modern security system. It is more than 16,000 square meters and has seven bedrooms and 11 bathrooms. Although harvesting the extremely unprofessional photos included in the Zillow list makes many aspects of the property puzzling, it's clear that it has lush, expertly maintained gardens, a swimming pool with built-in spa, multiple outdoor dining terraces, and garages for at least four Teslas gives people. The multi-story home, a towering but architecturally bland structure, offers A + views of the Bel Air Country Club, which peaks on the Pacific Ocean and Catalina Island on the horizon.
Records also show that the buyer of the property is "William" Ding Lei, a Chinese state and technology entrepreneur who is largely unknown in the United States, but was once classified as the richest man in mainland China. According to Forbes, it is worth more than $ 25 billion today. Ding founded the NetEase Leviathan group of companies, which together form one of the largest online gaming empires in the world, the second largest in China after Tencent.
The transaction is part of Musk's well-known plan of “not owning a home,” although he still has a long way to go to achieve this. As of early June, he owns five more Bel Air properties and 47 hectares of land in the expensive Hillsborough community in Northern California.
As for things, the former musk estate is not his only California residence. As early as 2011, he paid $ 17.7 million for a mansard-roofed mansion in the exclusive city of Atherton in California's Silicon Valley, home to billionaires such as Meg Whitman, Jan Koum, and the $ 31 million estate Steph belong and Ayesha Curry.
Start gallery: At Elon Musk's $ 29 million Bel Air Mansion
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