Bel-Air estate, formerly owned by world’s first trillionaire Elon Musk, hits market for nearly $50M

The first Los Angeles mansion owned by the world’s first trillionaire, Elon Musk, is back on the market with an asking price of $49.8 million, a staggering jump from its 2020 sale price, according to The Real Deal. The impressive Bel-Air estate features seven bedrooms, 13 bathrooms, and a temperature-controlled 1,000-bottle wine cellar, per Mansion Global. 

The property sits on 1.67 acres, the Santa Monica Sun reported, and includes a two-story library, a pool, and a championship tennis court. The home underwent extensive renovations before being listed.

Subscribe to Chicago Star’s Weekly City Buzz Newsletter

Value surge and Musk’s current residence

The $49.8 million price tag represents roughly a $20.8 million increase from the 2020 sale, highlighting how provenance and upgrades elevate luxury pricing, Mansion Global noted. Musk originally sold the estate to Chinese billionaire William Ding for $29 million after announcing he planned to “own no house,” as reported by the Santa Monica Sun. Musk currently resides in Texas, splitting time between a modest 400-square-foot prefabricated house and a larger estate near Austin, per the same report. 

Read more on Chicago Star

• Calvin Klein’s former Hamptons estate hits market for $165M after being bought for $3.6M in 1987

• The internet’s favorite World Cup obsession: How Erling Haaland became a viral sensation 

• President Trump’s quantum push to elevate Chicago for potential federal contracts with NASA

• A heated debate: Europe’s infrastructure, while beautiful, is causing heat-related deaths 

• Balancing tech innovation with protection: Illinois politicians discuss AI use in lawmaking 

The former trillionaire’s net worth currently stands at $929.5 billion, despite a recent $50 billion drop following SpaceX’s share price decline, Forbes reported. 

The listing is held by Rayni Williams and Victoria Risko of The Beverly Hills Estates. The Real Deal confirmed. Luxury real estate buyers now have a rare chance to own a tech mogul's trophy home, with sweeping city and ocean views from the private compound above the Bel-Air Country Club.