World's richest person reveals he doesn't own a house, sleeps in friends’ spare bedrooms: Report

SpaceX, Elon Musk's rocket company, is valued at $74 billion after a funding round in February 2021.

Updated on: Apr 19, 2022, 18:15:41 IST

By HT News Desk | Written by Aniruddha Dhar, New Delhi

Prefer HTon Google

Share via

Copy link

Believe it or not – the world's richest person, Elon Musk, doesn't have a house. In a recent interview with TED's Chris Anderson, the billionaire and Tesla CEO has revealed that he doesn't own a house right now and sleeps in friends' spare bedrooms.

SpaceX owner and Tesla CEO Elon Musk. (REUTERS file)

“I don't even own a place right now. I am 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," Musk said.

The SpaceX founder was responding to a question about wealth disparity across the world and the amount of money spent by billionaires.

“For sure, it would be very problematic if I was spending billions of dollars a year in personal consumption, but that is not the case… If I don’t use the plane then I have less hours to work,” Musk, whose estimated net worth is $269.5 billion, said.

Forbes reported Musk owns 21 per cent of Tesla but has pledged more than half his stake as collateral for loans.

Within weeks of reporting a 9.1 per cent Twitter stake in early April 2022, he declined a board seat and proposed a $43 billion hostile takeover of the company. SpaceX, Musk's rocket company, is valued at $74 billion after a funding round in February 2021.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.