Highlights
- Elon Musk chose to live in a tiny house because it was close to his work, right next to the Rocket Factory.
- The tiny house he bought had three bedrooms and cost less than the Boxabl guesthouse he owns.
- Musk used to own seven mansions in California, but decided to sell them a few years ago.
While some billionaires keep to themselves and no one even knows who they are, that isn’t the case with Elon Musk. After buying Twitter in 2022 and renaming it X, he became even more newsworthy. In fact, according to Forbes, Musk is the wealthiest person ever. Of course, controversy has followed him around for a long time now. People have many strong opinions about the man who made his billions thanks to technology. Stephen Colbert once labeled him “supervillain” and Musk and Mark Zuckerberg don’t get along.
Although people would expect Elon Musk to live in an elegant mansion (and to have mansions in pretty much every city in the world), he actually made a different decision about his living situation. Here’s why he chose to live in a tiny home.
Why Did Elon Musk Choose A Tiny House?
While many people thought that Elon Musk lived in a tiny house designed by Boxabl, he shared in a 2022 interview on the podcast Full Send that he lived in another tiny house. He said that it had three bedrooms instead of being just one room.
According to Hello! Magazine, Elon Musk talked about his tiny home on the podcast. He explained the reason why he wanted to live in it: because it was close to his work.
Musk said:
“It’s a tiny… It’s a small small house… It was right next to the Rocket Factory. So I can literally just walk to the Rocket Factory.”
Musk also said, “I use the boxabl as my guesthouse, so if a friend comes and stays then they can stay in the boxabl if they want.”
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Musk added more about his tiny house:
“The house I bought actually cost less than the boxabl, it was $45k or something, but I’ve done a lot with the place. It’s technically a three-bedroom, it used to be a two-bedroom, but I converted the garage into a third bedroom.”
What Is Elon Musk’s Boxabl Home Like? (According to Hello! Magazine)
- a kitchen island, fridge, dishwasher, oven
- storage
- a living room, bedroom, and kitchen
- 375 square feet
According to Buzzfeed News, Elon Musk spoke to Chris Anderson from TED in the spring of 2022 and talked about his wealth. Musk answered a question about the fact that he is incredibly rich and he said, “For sure, it would be very problematic if I was consuming billions of dollars a year in personal consumption. But that is not the case.”
Musk also said:
“In fact, I don’t even own a home right now. I’m literally staying at friends’ places — if I travel to the Bay Area, which is where most of Tesla engineering is, I basically rotate through friends’ spare bedrooms.”
While the billionaire got a lot of attention for his tiny house, he used to own some mansions. Elon Musk had put his seven houses on the market.
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According to Business Insider, Musk owned seven houses in California but, a few years ago, he decided that he wanted to sell them. He owned four houses in a similar area and when he put them on the market back in 2020, he was asking $62.5 million.
What Is Elon Musk’s Net Worth?
According to Celebrity Net Worth, Elon Musk’s net worth is $235 billion. However, his net worth often seems to change, and there are frequent reports about how much money he actually has. In the last year, people have paid a lot of attention to Musk’s wealth.
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Elon Musk’s Career Titles (According to Celebrity Net Worth) |
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Solarcity chairman |
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SpaceX CTO and CEO |
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Tesla Motors CEO |
In January 2023, CNBC reported that Musk “saw his fortune shrink by $182 billion.” In October 2023, CBS News reported that Musk’s net worth was $193 billion at that time.
Over the years, Elon Musk has given many interviews about the amount of money that he has. He often says that he doesn’t think that people should spend tons of cash on material objects. According to Observer.com, Musk talked about money and said, “In terms of things I think people should perhaps get upset about…I think… excess consumption is a thing to get upset about, you know, somebody just wasting money on personal luxuries in a crazy way.”
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Elon Musk’s decision to live in a tiny house stands out because it doesn’t seem like that many people talk about this type of property anymore. This wasn’t always the case. In fact, the Tiny House Movement was a popular trend a few years ago.
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In August 2023, Grist published a fascinating article on tiny houses and said that they are now “an Instagram aesthetic.” The publication mentioned Jay Shafer, a man who people say was the creator of the desire for tiny houses. He began living in one in 1997.
Facts About Tiny Houses (According to Realtor.com)
- there are a few reasons why people like tiny homes
- people want an environmentally friendly house
- some began living in tiny homes after the 2007/2008 financial crash
- most are smaller than 500 square feet
- tend to be 100 square feet-400 square feet
But, as Grist pointed out, people never really began living in tiny homes in mass numbers. Although several people liked the idea of living in a smaller space and not having a lot of stuff, most people have chosen to live in more traditional houses. Grist reported that people like booking tiny house vacation rentals in order to have the experience without the full commitment.
Source: NewsFinale
