Elon Musk, the world’s second richest person, has explained why chooses to live in a tiny three-bedroom home worth approximately £40,000, despite having a jaw-dropping £138billion net worth.
The 51-year-old rents the tiny house in Boca Chica, Texas from his firm SpaceX, which is located 30 minutes away from company headquarters.
He has previously described it as his “primary home”, and even once tweeted he was so against enjoying a billionaire’s lifestyle that he planned to sell “almost all” of his physical possessions.
The South African spoke about the “kinda awesome” house when he appeared on the Full Send podcast, detailing how renting such a small home can be difficult when entertaining guests.
He said: “It’s a tiny, small, small house… it was right next to the rocket factory. So, I can just literally walk to the factory, it’s half an hour away.”
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The businessman added: “When friends come to stay in it, they can’t believe I live in this house… I find if I am by myself, it is fine.”
Musk, who also owns Tesla and Twitter, aims to one day send humans to Mars with his space exploration firm.
Discussing the topic with Joe Rogan, Musk discussed why he is not interested in building his own home.
He said: “I think I do have high productivity… allocating time to building a house, even if it was a really great house, is still not a good use of time relative to developing the rockets necessary in getting us to Mars and helping solve sustainable energy.”
Currently, Musk is the world’s second-richest man, behind only Bernard Arnault, the CEO and chairman of LVMH of France who is worth around $226billion (£181billion).
Musk is currently worth around $172billion (£138billion).
Prior to a SpaceX test launch crash this month, he said: “I am not saying it will get to orbit, but I am guaranteeing excitement.
“It won’t be boring.”
More recently, F1 legend Lewis Hamilton, said he had discussed the possibility of visiting space on one of Musk’s rockets when they were ready to do so.
He described how the pair met during last season’s Australian Grand Prix, and admitted that it wasn’t the “easiest thing to speak to someone like that… because his mind is expanded, it’s on such another level”.
He continued: “So I get all nervous when I’m talking to him. Of course, I talked to him about did we land on the Moon? Where are we going next?”
When pressed on whether he intended to go to space, the driver added: “I am going, yes, at some stage, but I’ll let some other people go first because those things blow up on the way up.”
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