Last year, Elon Musk, the world’s wealthiest human made a pledge that he would own no homes one day. A head titling expression at first glance, the tweet definitely tweaked confusion for many.
One user bluntly asked the billionaire “why?” to which Musk responded with a simple “Freedom,” as Forbes recalls.
I am selling almost all physical possessions. Will own no house.
— Elon Musk (@elonmusk) May 1, 2020
Recent reports have confirmed that Musk’s pursuit of freedom has come into fruition, as the Tesla don has sold his 16 000 square-foot mansion, situated in a Silicon Valley enclave in California.
The property went for $30 million, as Mansion Global records.
The buyer of the century-old estate – Guignecourt, is anonymous, but the property certainly is not.
A cultural history, the estate is a symbol of French nobility, exuding European aesthetics, hiking trails and even a reservoir.
Now, beyond freedom, there are a few other reasons why the California escape is beneficial for Musk.
The sale of multiple homes in the first place was a vital step in “fleeting the high-tax” of the state, as Bloomberg reports. California has the highest income tax on the wealthy, and so Elon’s exit from his ownership of all his properties there, which range from a Bay Area luxury estate to a ranch house owned by Gene Wilder once upon a time, means he isn’t actually a resident of the state anymore which affords him heavy tax-shedding simply through the endeavour.