One such home is jewelry designer Kendra Scott's custom mansion. BILLIONAIRE Elon Musk has finally sold the last home he owns as he raises fund to build a colony on Mars. Musk bought this historic 100-year-old mansion in Hillsborough on the San Francisco Peninsula in 2017 for $23.36 million, much less than its $100 million initial asking price. Home. Elon Musk - Underwater Bond cars and thousand-bottle wine cellar. We may earn commission on some of the items you choose to buy. Needless to say, Musks announcement has generated a lot of interest in this 400-square-foot abode. Hey, when it comes to real estate, the 48-year-old billionaire keeps his word. The Bel Air lot spans .78-acre and features a roughly 2,800-square-foot, shingle-sided ranch house originally built in 1951. But on Wednesday he suggested he might not be done. The posh estate boasts a waterfront pool, jacuzzi, and private boat slip. Musk's San Francisco residence was the final home he sold last year after he vowed to sell all of his belongings to fund a colony on Mars. And apparently, neither are any of his other worldly goods. Elon Musk is set to host the first Tesla Investor Day Wednesday at the Texas Gigafactory to reveal 'Master Plan 3' that he says will quiet doubters of his business.. The U.S. is a 'build-nothing' country, says economist, earning agreement from Elon Musk Elon Musk becomes world's richest billionaire again, after Tesla stock surge adds $7 billion to his wealth Another huge benefit of this model is affordability. In a 2015 interview with Vogue, the . Part of the Daily Mail, The Mail on Sunday & Metro Media Group, Do not sell or share my personal information. Can I come over?' Top editors give you the stories you want delivered right to your inbox each weekday. Space, X CEO Elon Musk on Sunday highlighted the need for more domestic structures in the higher Austin location. All Access Digital offer for just 99 cents! Maybe it was intended to be a vacation home. According to Bloomberg, Musk's five newly listed properties include four homes in Los Angelesone modern mansion and three adjacent homes on a nearby cul-de-sac for a joint asking price of $62 . Elon Musk is a successful businessman, so it's no surprise he owns multiple multi-million dollar mansions. It features five bedrooms, five bathrooms, and a luxurious pool in the backyard. Appearing on Joe Rogan's podcastin early May 2020, the billionaire said that he felt people define him by his wealth, saying that "in recent years, 'billionaire' has become pejorative like that's a bad thing.". Much as hes done in business, Elon Musk appears to be blazing his own trail when it comes to buying and selling houses. "You can only do so many things. Hes just freeing up assets to put them toward SpaceX and its mission to revolutionize space technology. The billionaire joked that his party irked his neighbors in Hillsborough, California, where the average home price is over $5.6 million and "everyone goes to bed at like 10 pm," he said. Prior to Musk's purchase, the house included all sorts of expensive-looking antique furniture. Now he's parting ways with what he says is his last remaining house. The pool has a built-in spa and a water feature at the back wall. This 20,248-square-foot home is divided into different wings. Set on remote mudflats at the states southern tip, Starbase has become a point of contention for locals and bird lovers due to its bright lights, noise, and proximity to sensitive nesting areas for migratory shorebirds like plovers and red knots. Elon Musk Net Worth "All the cabinets are handmade and they're like odd shapes, and there's like doors to nowhere and strange corridors and tunnels and odd paintings on the wall. Tesla CEO Elon Musk has sold his Hillsborough mansion . He wrote: 'My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. Various walls throughout the home have been hand-painted and are likely original to the house. It was built in the 1960s and has apparently not been renovated since, 955 Somera Road, sold in December for $4,443,000. as well as other partner offers and accept our. It is hidden behind trees and gated walls covered in greenery. After the purchase was made, Musk converted the Wilder residence to a private school where, along with the children of some of his friends and associates, his twins and younger triplets are provided a non-traditional education. Musk's Bel Air mansion was purchased by tech billionaire William Ding, according to the Wall Street Journal, for a whopping $29 million. I haven't given him a key or anything yet. Here are properties Musk has sold in the past year to divest himself of all his prized residential real estate: 891 Crystal Springs Rd in Hillsborough, California, sold in December 2021 for $30 million. The warm brown tone gives the space a cozy feel. The mansion looks like an old European castle, with white walls and wooden floors. Out of the 13.8 million shares sold by the colorful CEO, 8.4 million were sold to pay taxes related to his options exercise, Tesla's securities filings reveal. Introducing Trapped in Elon's Mansion. ', In the same interview, Musk said that he doesn't even take vacations. 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We're out here watching this rocket land, which I think is really cool, and you're there in front of your Apple Macintosh, and typing up an article saying Elon's an idiot', In June 2021, Musk tweeted that his home was a 375-sq.-foot 1 bed rental in Boca Chica, Texas, close to SpaceX's headquarters known as Starbase, Combined, Musk and Ellison have a net worth of over $350 billion, Moment dozens of sharks gather in a feeding frenzy off coast of LA, Parents who left 23-stone disabled girl to die jailed for 13 years, Moment teenager crashes into back of lorry after 100mph police race, Constance Marten and lover without baby moments before arrest, Police: Constance and lover arrested on suspicion of manslaughter, Ukraine village, Bohorodychne, devastated after Russian withdrawal, Moment police swooped to arrest Constance Marten's boyfriend, Huge urgent police search for missing baby of Constance Marten, Police search allotment sheds for Constance Marten's missing baby, Harry: I asked 'NAKED' England World Cup rugby team for autographs, 'Stay classy planet Earth': Dermot Murnaghan signs off from Sky News, Baby is given a vape to inhale by her mother, Two months earlier, Ellison said in an interview: 'I think Tesla has a lot of upside. The home belonged to the de Guigne family for 100 years, with much of the charm left behind by Christenson. Now what are you going to do?'". This June, rumors spread that Musk lives in a prefabricated tiny house, with a modest rent of a few hundred dollars a month. Musk and Warren's war of words began after the news broke that Musk was named Time Magazine's Person of the Year. He is a dreamer, a risk taker who dedicated his life to prove people are wrong for not believing in his visions. "It's amazing. The 16,000-square-foot . Larry Ellison, pictured here, served as a director at Apple at a critical time for that company in the five years after Steve Jobs returned to the helm of the then struggling computer maker in 1997, helping oversee one the greatest turnarounds in corporate history, Ellison'sproperty on the Pacific Coast Highway overlooks a long stretch of sand on Carbon Beach, one of Ellison's two dozen properties on the coast, Ellison once defended Musk in an interview saying: 'You're telling me he's an idiot. Real Estate | Musk also sold this Somera Road house for $4.4 million. He has said that he is renting the home for about $50,000. ", "I was like, whoa, I think I'll buy it and preserve the spirit of Gene Wilder and not have a giant construction zone.". Elon Musk may be the world's second richest man, with a personal fortune of $185bn, but that does not stop him from living in a $50,000 house. Shares of Tesla stock were up 2.37% as of 11:15 a.m. EST on Friday. In 1982, she was named one of the most powerful women in the world by Town and Country Magazine. Within its 20-by-20 footprint is a layout similar to that of a studio apartment, featuring a full size kitchen with a double sink, oven, dishwasher, large refrigerator, and Shaker cabinetry, a bathroom with a deep shower or tub and a sliding barn door, and a generously sized living room with 96-high ceilings. Perplexingly, it only has six bedrooms to match its 10 bathrooms, the Zillow listing says. He also made a very interesting choice of changing the light-fixture in the dining room. Musk picked up this house for $20 million in 2015, around the exact same time he picked up that smaller ranch. Vernon Unsworth, who helped rescue 12 boys trapped in a Thai cave last year, is . Combined, Musk and Ellison have a net worth of over $350 billion. For Musk, getting rid of pricey real estate and Earthly possessions is all part of a grand plan for humanity to eventually colonize Mars, he told Insider in December. The property is a brand spanking new ultra-contemporary spect-built mansion located on a high ridge above Bel-Air (the one in the circle, pictured below). The World's Most Entertaining Car Website, A Peek Inside Jennifer Aniston's Stunning $15 Million Montecito Farmhouse, Elon Musk's Multi-Million Dollar Mansions: A Virtual Tour, Billionaire Byron Allen New Purchased $100 Million Malibu Mansion, The 8 Most Expensive Photographs Ever Sold At Auctions, Jon Favreaus Newest $24 Million Laguna Beach Mansion, Inside The Genius Business Mind Of NFL Star Russell Wilson, Tiger Woods' Ex Wife Elin Nordegren Sold Palm Beach Mansion For $28 Million, Ed Sheeran Ordered To Pay $100 Million Over Marvin Gaye's Copyright Claims, Moving To Canada? Though the property has been updated since Wilder owned the place the late Willy Wonka actor sold it in 2007 it retains much of the original designs spirit. Howery acquired the said mansion in 2018. Musk has said he ran a night club out of a college frat house in the 90s to help pay rent and university expenses. ', Ellison continued: 'You're telling me he's an idiot. A mansion inside Regents Park in London has hit the market with an asking price of an astonishing 250 million ($301 million) after its Saudi royal owners' loan expired. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. If I travel to the Bay Area, which is where most of Teslas engineering is, I basically rotate through friends spare bedrooms', In the same interview, Musk said that he doesn't even take vacations. ", Musk responded, amused, "Yeah, definitely You got to have that dome that opens up with the stealth helicopter.". By clicking Sign up, you agree to receive marketing emails from Insider Musk said on Wednesday he was 'almost done' with his stock sales after selling over $14 billion worth for more than one month. Wilder's house listed for $8 million in 2012, and Musk purchased it about a year later for $6.75 million. Will own no house." RealNiceThere656 . I am not sure how many people know, but I'm very close friends with Elon Musk, and I'm a big investor in Tesla. Two of Elon Musk's Los Angeles mansions appear to be up for sale on property website Zillow for $30 million and $9.5 million. Musk, the richest man in the world, initially bought the house in 2017 for about $23 million, according to the price history on Zillow. Musk's assertion Wednesday that he is not bunking with his longtime friend came after the billionaire businessman declared that he is 'almost done' with stock sales, after posing a much publicized poll on Twitter in November, asking followers if he should shill 10 percent of his $250 billion stake in the company he founded to pay President Joe Biden's proposed 'billionaire's tax' - a controversial new tax that would affect approximately 700 of America's wealthiest citizens. "Like I have a bunch of houses, but I don't spend a lot of time in most of them. Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity's Inside Energy Summit in Manhattan, New York, Oct. 2, 2015. Located in Hillsborough, California, the sprawling mansion has 16,000 square feet of interior space, roughly one-third the size of a football field. There are 5 bedrooms and 4.5 baths, plus a private guest cottage and a kidney-shaped swimming pool on the premises, which are securely gated for privacy. Left to die alone like an animal: Parents who left 23-stone disabled daughter to die in her own filth are Holiday home owners in Scotland face new SNP tax hike under plans from front-runner to be new First Scotland should just self-identify as an independent country, one SNP member proposed. Rogan asked if that would be some "Tony Stark-type s---. The billionaire pocketed about $130 million after selling his expansive real estate portfolio. And lest you think a trip to Mars is too expensive for most people, Musk has said he intends for there to be "loans available for those who don't have money" and jobs on the red planet for colonists to pay off their debts. The world's second-richest man is living in a rented home that costs about $50,000. By Muktita Suhartono and Julia Jacobs. It's difficult to quantify what "soul" means, but Musk clearly thinks this property is worth preserving. In July, Musk took to Twitter to share that he lives in a $50k house." One must say: the view is magnificent. The seven properties differ vastly as one is a $22.3 million colonial mansion complete with tennis court, five garages, and pool while another is a $7.8 million ranch home formally-owned by actor Gene Wilder, the news outlet said. The California home featured four bedrooms and three and a half baths. The double stainless-steel range is massive, and the barrel brick ceiling adds an extra layer of chicness. He reasoned that if he bought them up, he could then start building a house, which he never did. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. A portion of Elon Musks wealth seems to be invested in real estate as the Tesla (TSLA) and SpaceX CEO has reportedly spent about $100 million on a series of homes in California since 2012. Musk pictured with sonX A-12 outside one of Larry Ellison's homes in Malibu, X A-12 was born to Musk and Grimes in May 2020, In March 2022, Grimes said in an interview that Musk sawX A-12 as his 'protege', Musk told TED's Chris Anderson in April: 'I dont even own a place right now, Im literally staying at friends places. The master bedroom is carpeted and features a large sitting area with fireplace, where we presume Elon Musk has tweeted memes and insults. Most bots are fairly simple in design . Musk told Rogan that he just sort of buys homes because he figured "they were going to get torn down anyway.". For the time being, Musk continues to own four other Bel Air properties hed like to sell, each one done up in wildly divergent architectural styles and ranging in price from about $5 million to well north of $20 million. During the Gatsby party, Musk said they were forced to turn the music off after the local police were called at least four times to shut the party down. The listing of the European-style residence for $37.5 . Luckily, Boxabl offers a virtual tour of the Casita, as well as a video showing off just how quickly it can be to set up. The deceased actor sold this house in 2007 to a couple that gave it a quick renovation and used it as a temporary residence. Musk never resided in the house but used it as a private school for his children and some children from Tesla and SpaceX's higher-level employees. BBC News - Twitter CEO Elon Musk defends Dilbert creator's racist tirade https: . This home is a four-bedroom 3,943 square-foot two-story colonial. Real Estate | A storage cabinet separates the living area from the open bedroom. His Bay Area estate hit the market this week for $37.5 million. Records say this four-bedroom, 3,000-square-foot ranch sold for $4.3 million in 2015. Musk and Ellison's friendship goes back years with the Oracle founder being appointed to Tesla's board in 2018. He Doesnt Talk About the Austin Mansion. Tech titan and space entrepreneur Elon Musk has found a buyer for his last remaining residential property, a historic California estate listed for nearly $32 million. The ranch-style home includes a pool and guest cottage, and it overlooks the sand traps and stream of the Bel-Air Country Club Golf Course. Elon Musk says he's selling his last remaining house. lavish, 8,000-square-foot property that sits on the Colorado River in a gated neighborhood. Sign up and stay up to date with our daily newsletter. After renting a white stucco Colonial mansion for three years, the Elon Musk Revocable Trust bought it in 2012. On Sunday, the YouTuber Meet Kevin . The kitchen is absolutely flush with subway tile backsplash. The seven-bedroom, 11 . Prior to Musk's purchase, the property had been in the aristocratic family for 150 years. August 21 (Bloomberg) -- Bloomberg's Betty Liu takes a look inside Billionaire Elon Musk's Bel Air mansion. The identity of that top-secret customer became even clearer after Musk tweeted earlier this month that his current home is a $50,000 house in Boca Chica. The comments below have not been moderated. This 16,251-squarefoot mansion features six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis court, 10911 Chalon Road, sold in June for $29,000,000. Real Estate | 'Please don't call the manager on me, Senator Karen.'. News on all your favorite celebs, reality TV, and movies. SpaceX founder and Tesla CEO Elon Musk has sold a sprawling Los Angeles mansion for $29 million making an initial step toward a pledge to rid himself of his earthly possessions. In the past month he has been exercising those options, as well as selling off stock at a furious pace. Article continues below advertisement. Kraken Robotics Inc. pushes boundaries in underwater exploration with advanced imaging solutions. The model in question is the Casita, a home that ships with everything you need already built-in. Last-Noise208 . Tesla and SpaceX billionaire Elon Musk has been shedding multimillion-dollar properties left and right over the last year. ', He added: 'The house itself is beautiful but, you know, its like Wayne Manor without Alfred.'. It also has guest quarters as well. a stone's throw from the company's bourgeoning new headquarters and. Elon Musk has decided that his many million-dollar houses are no longer necessary. The only look into one of the home's nine full bathrooms. Musk, whose net worth is estimated around $169.8 billion, isnt exactly taking a vow of poverty here. Here's a tour of his homes. The properties are assembled from a folded box made of concrete panels and steel. The house also has a huge wine cellar that can hold 1,000 bottles of wine. Elon Musk joked that he once lived in a "haunted mansion" and reminisced about elaborate parties he's thrown during a podcast earlier this August. ', Page continued: 'He'll email and say, 'I don't know where to stay tonight. The property located near Tesla headquarters, is a 100-year-old mansion with a value of $27.2 million, which was previously owned for 150 years by the same family, featuring a ballroom, flower-arranging room, staff wing, and pavilion with 18th century Chinese wallpaper all situated in a treelined estate with manicured gardens and large front driveway, the Journal said. Billionaire engineer and entrepreneur Elon Musk is the king of three empires in three different industries: Tesla, SolarCity,and SpaceX. 'Investors who were hoping for two newly objective directors who could stand up to Mr. Musk would be rather disappointed by the choice.'. Mayfair Mansion in Receivership Sells for More Than 50 Million. FILE: Elon Musk attends . "Yeah," Musk replied. The company's homes are tiny but stylish, set up like a studio apartment with an open plan living area, kitchen and bedroom, with an adjacent bathroom. Musk paid $6.4 million for this white Colonial home in a Bel Air cul-de-sac on Somera Road next to his other properties, 958 Somera Road, sold in December 2020 for $6,774,500. Musk is reported to have a net worth of $26.4 billion, according to Bloomberg Billionaires Index. Access your favorite topics in a personalized feed while you're on the go. Musk picked this up for $24.25 million in September 2016. ', He went on to criticize those who write stories that are critical of Musk saying: 'I loved all the articles about how Elon doesnt know what he is doing, the pictures of him smoking dope. Elon Musk brought his new lifesaving mini-submarine to Thailand to help save 13 people trapped inside a cave, but rescuers didn't use it. ', Following a 2018 interview with CBS News, where Musk said that he regularly slept on the floor of his Tesla office, a GoFundMe page sprang up titled: 'Buy Elon Musk a Couch. Possession just weigh you down., The newly-sold Bel-Air home is across the street from another property Musk is trying to flip a2,700 square foot ranch-style spread that used to belong to actor Gene Wilder which he listed for $9.5 million with the condition that it cannot be torn down or lose any (of) its soul.. The tech billionaire ended 2020 . A fresh take on sports: the biggest news and most entertaining lists. View gallery. Musk said that despite his hectic schedule, he tries to work out twice a week. Advertisement Bank Earnings. Elon Musk last month said his primary home is a $50,000 house in Boca Chica, Texas, that he rents from his . In the backyard of this 1.67-acre, $30 million property is a balmy looking pool and patio area with a wood-burning fire pit. a 375-square-foot 'Tiny House' close to SpaceX's HQ outside the Texan city. Copyright 2023 IBTimes LLC. Four months ago, Musk sold his largest Bel Air mansion to Chinese billionaire William Ding Lei for $29 million in cash. Related Articles Tech billionaire Elon Musk has hauled in a combined $62 million for four nearby homes in Bel-Air. The mansion also has some wonderful views as it looks over the rolling hillsides of San Francisco and out into the San Francisco Bay. However, Musk reportedly did not show to several home tour appointments for this particular property. A few days later, he listed four mansions in the Los Angeles area up for sale for a total of $137 million. The house sits on 0.78 acres and is directly across from Musk's main home. The Tesla CEO, 48, who made the bulk of his fortune after co-fo Some speculated that he was motivated to sell his properties in order to raise cash to exercise stock options that will expire next August. In 2016, Musk bought a $24.25 million mansion which was still under construction never listed on the open market. There are hiking trails on the property as well, which seems to be something that Musk likes in a property. Records indicate Musk bought it for $6.4 million in early 2019. For the past year, Musk has been spending at least part of his time in this lavish waterfront estate owned by his fellow PayPal alum Ken Howery, according to the Wall Street Journal. However, the Wall Street Journal has recently taken issue with this portrayal, alleging that Musk often stays in a sprawling Texas mansion that belongs to fellow billionaire Ken Howeryand that he's also in search of his own luxe pad in Austin. most his assets including several California properties amounting to more than $100 million - as well as$15 billion worth of Tesla stock - and moved into the unassuming, $50k property in June. Oscar Cainer tells all. In recent months, Elon Musk has claimed that the only home he lives in is a $50,000 pad in Texas, after selling the remainder of his vast real . The billionaire detailed elaborate parties he'd thrown at the mansion during a podcast interview. The property includes close to two acres of lush grass and multiple types of trees. When the house last sold, it was the second-priciest single-family home deal in Brevard County history. This became Musk's main home, overlooking the Bel-Air Country Club (and across the . One of the living areas Photo . From his interview with Rogan, this house in Bel Air appears to be Musk's main house. ", Musk also said that possessions "kind of weigh you down and they're kind of an attack vector. A simple rope swing hangs from a birch tree. It is not clear whether Musk compensated Howery for his alleged use of the mansion. That house doesn't exist yet. A new Wall Street Journal report claims Musk has been staying at a multi-million-dollar mansion in Austin despite claiming a $50,000 primary residence in Boca Chica, Texas. The listing for the 16,000 square-foot, 100-year-old mansion in . 'You remind me of when I was a kid and my friend's angry Mom would just randomly yell at everyone for no reason,' Musk continued. Elon Musk did not defame a British caver who helped in last year's rescue of trapped Thai schoolboys by calling him a "pedo guy", a US jury has found. Thats $250,000 more than he paid for the property in 2013, a profit that quickly evaporates once taxes and seven years of upkeep costs are factored into the equation. the first of which was a 13.4million mansion that included a home cinema, two-storey library, and a thousand-bottle wine . The comments below have not been moderated. Records indicate Wilder purchased the property in 2007 for $2.725 million. Musk sold the mansion last year as part of his plan to off-load his belongings to fund colonizing Mars. Elon Musk has hit out at a report that he's secretly living in a $12 million estate in Austin, despite his claims that he lives in a barebones $50,000 rental home near his SpaceX's site in Boca . Elon Musk - the richest person in the world - says he doesn't own his own house right now. It's unclear if Musk was staying Ellison's home. SIZE: 2,756 square feet, 5 bedrooms, 4.5 bathrooms plus guest cottage According to Bloomberg, Musk's remaining property has seen a big price cut before finally landing a buyer. The buyer is an LLC tied to Chinese tech billionaire named William Ding, who founded Net Ease, the Wall Street Journal reported on Friday (paywall). A mansion inside . Elon Musk, via Reuters. Why should I believe you, as opposed to my friend Elon? But Musk soon hit back, writing 'Stop projecting', and dubbing the politician and former law professor 'Senator Karen'. 'Why would you put a friend (on the board) if the idea of the two independent directors were to be objective,' Elson said. The property was once owned by the beloved actor Gene Wilder, who was very famous for his portrait of Willy Wonka. In October 2017, the SolarCity CEO unveiled hidden solar panel roof technology. As time wore on with no buyers, the stipulation was removed. Photos: Elon Musk sells the Gene Wilder House, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on Reddit (Opens in new window), Alameda County DAs new policy will reduce prison sentences through widespread elimination of sentencing enhancements, Photos: Elon Musk sells the Gene Wilder House to Wilders nephew, Photos: California home of late Mannix star Mike Connors lists for $5.5 million, Frank Lloyd Wrights only oceanfront home sells for $22 million in Carmel, Photos: Modest 1,300-square-foot San Jose home sells for $2 million despite Bay Areas falling home prices, Photos: An upscale Flintstone House? While in June 2021, Musk tweeted that his home was a375-sq.-foot 1 bed rental in Boca Chica, Texas, close to SpaceX's headquarters known as Starbase. There's a bridge on the property's driveway, but no moat. In recent months, .css-1qproo8{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#40699f;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;background-image:linear-gradient( to bottom, rgba(156,181,215,.2), rgba(156,181,215,.2));-webkit-background-position:0 100%;background-position:0 100%;background-repeat:repeat-x;-webkit-background-size:0 0;background-size:0 0;padding-top:0.05rem;padding-bottom:0.05rem;}.css-1qproo8:hover{color:#000000;text-decoration-color:border-link-body-hover;-webkit-background-size:0.625rem 3.125rem;background-size:0.625rem 3.125rem;}Elon Musk has claimed that the only home he lives in is a $50,000 pad in Texas, after selling the remainder of his vast real estate portfolio, including a $32 million estate in California that sold just last month. Perhaps he's got a property in the works on Mars.