How much is Elon Musk's rent? Billionaire reveals he doesn't own a house
Updated | By Stacey and J Sbu
We all would be lying if we said we weren't curious to know how much the richest of the rich pay for their lavish mansions and penthouses...
Elon Musk is currently the second-richest man in the world.
He once held the number one spot, but was knocked off by Amazon's former CEO, Jeff Bezos, but according to the Bloomberg Billionaires Index, he's still sitting pretty with a net worth of $185-billion (around R2-trillion).
We all know the saying "money can't buy happiness" and we're sure Elon might have his own day-to-day struggles like a crying baby that won't sleep through the night, but let's be honest, with that amount of money, he probably doesn't have a lot of "average" problems to deal with.
He never has to worry about paying bills, filling up his petrol tank, buying groceries, and paying the rent.
And speaking of rent, Elon leads a very secretive life.
He never really posts any pictures of his family or their home, which is totally understandable.
Billionaires also generally have pretty unique and extravagant homes and seeing as Elon has quite interesting tastes, hobbies, and interests, we can only begin to imagine the weird and wonderful features his house probably has.
Especially considering he's pretty much a tech genius, we'd guess that his house is probably something out of 'The Jetsons'.
And that would make it a pretty expensive investment.
How wrong we were.
Elon recently took to Twitter and revealed a lot about his real estate situation.
As it turns out, he doesn't live in some exuberant millionaire mansion. In fact, he doesn't even own the house he lives in!
He and his girlfriend, singer Grimes, and their son live in a rented home in Boca Chica, Texas.
Rent in America varies wildly because of the many different states, but the average rent can range anywhere from $696 per month in South Dakota, which is the lowest median, and $1,507 in Hawaii, which is the highest median.
Musk however is paying $50,000 (R700,000) a month for a prefabricated home from a housing startup called Boxabl.
Boxabl aims to mass-produce low-cost housing by delivering a home in a box that can be resembled within a day!
My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It’s kinda awesome though.
— Elon Musk (@elonmusk) June 9, 2021
Only house I own is the events house in the Bay Area. If I sold it, the house would see less use, unless bought by a big family, which might happen some day.
When more people showed an interest and became more curious, Elon further explained:
I do live in a $50k house, but not this specific one
— Elon Musk (@elonmusk) July 1, 2021
Internet sleuths do think they have seen Musk's home, however, as Boxabl uploaded a YouTube video where they showed off a unit that was set up in Boca Chica for a "top secret customer". The final clue proving that it could have been Musk's unit was a poster on the door of a Falcon 6, a partially reusable rocket built by his company, SpaceX.
Apparently, this choice of housing comes after he made a promise to "own no home" and within a week of Tweeting that he had put five of his houses up for sale.
He currently only technically has one house left that he is renting out for events, but he is hoping to sell it to a large family who will get good use out of it.
In the end, it might not be a penthouse in the tallest skyscraper or a castle in the mountains, but Elon's home still has a lot of millionaire vibes.
Will it last forever though? Or will his next home be out of this world... literally?
Main image courtesy of @realDailyWire/Twitter
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