Tesla CEO sells Bel-Air house for $29 million to Chinese billionaire
By MYBRANDBOOK
Elon Musk, Chief Executive Officer of Tesla Inc has sold one of his homes in the Bel-Air area of Los Angeles for $29 million. "I am selling almost all physical possessions. Will own no house," Musk had said in a tweet on May 1.
According to reports, the buyer is a company tied to Chinese billionaire William Ding. He is the founder and Chief Executive Officer of online gaming firm NetEase Inc.
Musk 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 area.
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