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Elon Musk doesn't own a house? Tesla CEO reveals he's staying at friends' places

In a recent interview with TED's Chris Anderson, Musk said, 'I don't have a yacht, I don't take vacations'

Elon Musk, the world's richest man and Tesla CEO, stated in a recent interview with TED's Chris Anderson that he currently does not own a home and sleeps in friends' spare bedrooms! On Sunday, April 17, the video was posted on TED's YouTube page. The Billionaire was replying to a question on wealth disparities throughout the world and how much money billionaires spend. Musk said, “I don't even own a place right now. I'm literally staying at friends' places, If I travel to the Bay Area, which is where most of Tesla's engineering is, I basically rotate through friends' spare bedrooms.” “I don't have a yacht, I don't take vacations,” he added. 

Musk explained, “I think there are axiomatic flaws that are leading to that conclusion. It would be very problematic if I would be consuming billions of dollars a year in personal consumption, but that is not the case.” "It's not as though my personal consumption is high, with the one exception being the plane. If I don't use the plane then I have fewer hours to work,” he further remarked. Previously, in May 2020, Musk famously tweeted, “I am selling almost all physical possessions. Will own no house.”

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In 2021, the billionaire tweeted that his primary residence is a $50,000 SpaceX rental. He also acknowledged having an 'events house' in the Bay Area in the same tweet. According to Bloomberg, Musk has a net worth of $251 billion making him the richest person in the United States and the globe.  The Tesla CEO has lately made headlines for his effort to purchase the microblogging site Twitter. Musk presently owns 9.1 percent of Twitter and is the company's second-largest shareholder. Earlier this week, Tesla CEO Elon Musk proposed a $43 billion buyout of the firm.

Meanwhile, Musk's long-term lover Grimes caused controversy earlier in March with an interview with Vanity Fair in which she claimed Musk ‘does not live like a billionaire.’ Grimes, who recently gave birth to the couple's second child, was slammed for claiming that Musk's minimalist lifestyle is equivalent to being ‘poor.’ She told Vanity Fair at the time, “Bro lives at times below the poverty line. To the point where I was like, can we not live in a very insecure $40,000 house? Where the neighbors, like, film us, and there’s no security, and I’m eating peanut butter for eight days in a row?”