Elon Musk sells Bel-Air home of Chinese billionaire for $ 29 million: WSJ

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FILE PHOTO: SpaceX owner and CEO of Tesla Elon Musk arrives on the red carpet for the automobile award “Das Goldene Lenkrad” (The golden steering wheel given by a German newspaper in Berlin, Germany, on November 12, 2019. REUTERS/Hannibal Hanschke

(Reuters) – Tesla Inc (TSLA.O) Chief Executive officer Elon Musk has sold one of his homes in the Bel-Air of Los Angeles for the sum of $ 29 million, the Wall Street Journal reported on Friday, citing public documents.

“I am selling almost all of the physical property. Will own no house, ” Musk said here in a tweet, the 1st of May.

The buyer is a company related to Chinese billionaire William Ding, the report said. He is the founder and ceo of online gaming company NetEase Inc (SUMMARY.O).

Musk has bought the house for $ 17 million in 2012 from Mitchell Julis, co-founder of hedge fund Canyon Capital Advisors, according to the report.

Musk still owns other properties in the region, the WSJ report said.

Reporting by Bharath Manjesh in Bangalore; Editing by Maju Samuel

Our Principles:Thomson Reuters Trust Principles.



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