Elon Musk sells Bel-Air house to Chinese billionaire for $29 million: WSJ By Reuters

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© Reuters. FILE PHOTO: Automobile awards The golden steering wheel in Berlin


© Reuters. FILE PHOTO: Automobile awards The golden steering wheel in Berlin

(Reuters) – Tesla Inc (O:) Chief Executive Officer Elon Musk has sold one of his homes in the Bel-Air area of Los Angeles for $29 million, the Wall Street Journal reported on Friday, citing public records.

“I am selling almost all physical possessions. Will own no house,” Musk had said https://twitter.com/elonmusk/status/1256239554148724737 in a tweet on May 1.

The buyer is a company tied to Chinese billionaire William Ding, the report said. He is the founder and chief executive officer of online gaming firm NetEase Inc (O:).

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, the WSJ report said.

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