Elon Musk is the second richest man in world but he now lives in a $50,000 rented house

<p>Elon Musk</p>

Elon Musk


Despite being the second richest man in the world, Tesla CEO Elon Musk has revealed he lives in a rented home that costs $50,000.

In response to a tweet about a SpaceX home, the billionaire said:

Musk has a net worth of $185 billion, according to Business Insider. But instead of living in a lavish palace, Musk said last year that planned to sell almost all of his material possessions, including his homes:

Weeks later, five of his homes were listed for sale and by January, the LA Times reported that he had sold three mansions for a combined total of $40.9 million. That’s a lot of $50,000 houses.

Now, he has one more house to sell:

Media company Teslarati claims Musk’s home is in Boca Chica, Texas, near the SpaceX station. They said they had received a trip proving that a $50,000 house in the area was rented by Musk. They added that it was made by developer Boxabl, which mass produces low cost housing.

In December, he told the Wall Street Journal he was relocating full-time to Texas, which does not collect state income or capital gains tax for individuals. This provides further evidence that the Boca Chica home could be his...

Seems like billionaires can still be as tight as the rest of us.

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