Elon Musk sells LA mansion for $29M

SpaceX founder and Tesla CEO Elon Musk has sold luxurious Los Angeles mansion for $29 million — making the first step towards his self-made promise of getting rid of several of his belongings.

Early last month, the 48-year-old billionaire had listed the Bel Air property for $30 million after explaining that he “will own no house.” The 16,000-square-foot mansion is equipped with six bedrooms, 11 baths, and features a full-size tennis court.

The massive home, which overlooks the Bel-Air Country Club, was reportedly sold to an LLC tied to Chinese tech billionaire ‘William’ Ding Lei for just under the $30-million asking price.

Ding Lei is the CEO of Netease, a mobile games corporation that is second in China only to Tencent. According to Forbes, Lei’s net worth was estimated to be $17.2 billion in 2019, making him the eighth richest person in China.

In order to devote his life “to Mars and Earth,” Musk has pledged to rid of his properties and belongings. Some accused him of needed the money until he tweeted, “Don’t need the cash, Possessions just weigh you down.”

Musk also has several other California mansions on the market for a combined total of almost $100 million.