(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
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