'No Grand Family Compound,' Elon Musk Says Amid Rumors Of $35M Texas Estate
Billionaire Elon Musk shot down reports about a sprawling family compound in Austin, Texas, disputing claims that he’s building a $35 million estate for his eleven children and their mothers.
“I don’t own, nor am I building a compound in Austin,” Musk told Page Six last month. “No grand family compound/home has been built or is expected to be built.”
Don’t Miss:
The New York Times reported that Musk bought a 14,400-square-foot Tuscan-style villa and plans to add adjoining properties for his expanding family. The paper cited sources claiming he purchased a six-bedroom mansion directly behind the villa, bringing the total investment to $35 million.
Musk set the record straight about his family’s living arrangements. His ex, musician Claire Boucher (known professionally as Grimes), lives in Los Angeles with their three children – X Æ A-Xii, Exa Dark Sideræl and Techno Mechanicus. “Our kids spend alternating weeks in Texas and California,” Musk explained.
Neuralink executive Shivon Zilis, mother to three of Musk’s children including twins Strider and Azure, has her separate residence. “Shivon has her own house and she bought it for much less than that,” Musk said, referring to the reported $35 million figure.
Trending: Invest in $20+ trillion home equity market today across cities like Austin, Miami, and Los Angeles through a unique 5-year term fund targeting a 14-20% IRR with minimums as low as $2,500
The Tesla CEO’s first wife, Justine Musk, also remains in Los Angeles and has no plans to relocate. The former couple, who married from 2000 to 2008, share five children: twins Griffin and Vivian, now 20 and 18-year-old triplets Kai, Saxon and Damian.
While nixing the compound rumors, Musk said he has plans for “a big futuristic art project in the Austin area that would be open to the public,” though he noted that his packed schedule has delayed progress.
His time is split between Texas and California, where Tesla still requires his presence. “When I’m in California, which is usually two to three days per week, mostly for Tesla work, I stay at friends’ houses in the Bay Area,” he said.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
The living arrangement clarifications come as Musk continues relocating his business empire to Texas. In July, he announced plans to move X (formerly Twitter) and SpaceX to Austin, following Tesla’s earlier headquarters shift to the state.
The world’s richest man maintains separate households for his children and their mothers while managing his expanding Texas-based business operations, a setup markedly different from the communal family compound described in recent reports.
Read Next:
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Leave a Reply