We said we'd keep you updated on Elon Musk's real estate escapade, and we're a Castle of our word. Musk is doing well for himself in the luxury property market, and is rumored to have a sweet deal on the table with a developer, Ardie Tavangarian, for four of his remaining properties.
A month or so ago, Musk began listing his residential property holdings in Bel-Air for sale on Zillow. Musk tweeted his intent to "own no home" earlier this year, and is showing he's also a Castle of his word.
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Last month, Musk sold one of his homes to someone with an incredibly ironic name to have if you're in the real estate field. The man who has made a killing with online gaming, William Ding aka Bill Ding, aka BuilDing.
The mansion is by the Bel Air country club, where stars and nepotism billionaires go to get their golf fix. It was the crown jewel of the compound Musk acquired over the years. After owning the place for almost five years, and only having listed it for four weeks, Musk pulled $9 short M's of profit out of 17,000-square-foot chateau.
Elon Musk’s net worth is about to double this year, and he isn't slowing down; $50 billion and counting. Shorts are sh***ing (that definitely says "shorting") their shorts as Tesla's stock soars. You can see a flood of manipulative articles from them getting in the mix, claiming "it's the worst time to buy Tesla stock." We bring it up because, in classic Tesla fashion, Musk has a great reply for them. Red velvet Tesla short shorts.
We will continue to keep you updated on Musk's real estate activity. Check back here, our Instagram, or Castles Magazine to see our new articles!