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Elon Musk, the richest person in the world doesn’t own a home, sleeps in friends’ spare bedrooms

By Saima Siddiqui 
Updated Date

Elon Musk, the billionaire, has stated that he currently does not own a home and sleeps in the spare bedrooms of acquaintances. Musk made the remark in a recent interview with TED’s Chris Anderson.

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“I don’t even own a place right now. I’m literally staying at friends’ places,” he revealed in a media interview.

“If I travel to the Bay Area, which is where most of Tesla’s engineering is, I basically rotate through friends’ spare bedrooms,” the Tesla CEO added.

“I don’t have a yacht, I don’t take vacations,” he added. Musk was replying to a question on global wealth disparities and how much money billionaires spend.

“I think there’s 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,” said Musk.

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“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 less hours to work,” he added.

On Sunday, the video was posted on TED’s YouTube page.

Last year, the millionaire revealed that his principal abode is a $50,000 SpaceX rental. He also acknowledged to having a “events home” in the Bay Area in the same tweet.

According to Forbes, Musk has a net worth of $269.5 billion. He is now in the headlines for his offer to purchase Twitter, a microblogging service.

Musk presently owns 9.1% of Twitter and is the second-largest stakeholder in the social media firm. Tesla’s CEO had made an offer to acquire the firm for $43 billion earlier this week.

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