Elon Musk, the world’s richest man, is known for his ambitious endeavors and outspoken views. But now, he’s making headlines for a different reason: his sprawling real estate purchases in Austin, Texas. According to a recent report by The New York Times, Musk has acquired a $35 million, 14,400 square foot villa and a six-bedroom mansion in the city, adding to his existing property portfolio in Austin.
These purchases are not just random acquisitions. Musk has reportedly envisioned a ‘family compound’ in Austin, where his children and their mothers can reside in adjoining properties. This arrangement, according to sources, is intended to foster bonding among the children and allow Musk to efficiently schedule family time with his large and diverse family.
Musk, 53, has a total of at least 11 children with three different women. His first wife, Justine Musk, bore him five children through in vitro fertilization (IVF) before their divorce in 2008. He has a son named X Æ A-Xii (X for short) with musician Grimes (real name Claire Boucher), and a pair of twins with Neuralink executive Shivon Zilis.
The report suggests that Musk’s initial plan was to create a family compound outside Austin, close to Tesla’s newly relocated headquarters. However, this plan reportedly shifted following a Justice Department investigation into whether Tesla funds were being used for personal expenses, as reported by the Wall Street Journal.
Musk’s real estate spree in Austin was a whirlwind of activity, with sources revealing that he offered some homeowners 20-70% above their asking price for their homes. Some potential sellers were even required to sign nondisclosure agreements (NDAs) just to view the offers.
This unusual approach to real estate acquisition underlines Musk’s determination to create a dedicated space for his family in Austin. The city, known for its booming tech scene and lower cost of living compared to California, has become a popular destination for tech companies and entrepreneurs like Musk.
With this significant investment in real estate, Musk continues to solidify his presence in Austin and demonstrates his commitment to creating a unique and unified space for his large and diverse family.
