Tech

Breaking News: Billionaire Elon Musk Lives Like A Billionaire

According to a LeeDaily article, Time Magazine named Elon Musk “Person of the Year” last week, championing him as an example of moderation, titling the piece, “Richest Man in the World Doesn’t Own a Home.”

This has become a core theme of Musk’s public persona, declaring he was “selling almost all physical possessions” earlier this year. The billionaire “altruist” relocated Tesla’s headquarters to the Austin outskirts. He moved into a “~50k house in Boco Chica/Starbase that [he] rents from SpaceX.” He described the small Mexican border-town home as “kinda awesome though.”

But it cannot be anywhere near as nice as the $18 million Austin estate he has been staying in for the past year, owned by his friend “Kenny.”

Ken Howery is a long-time friend of Musk’s, as well as the co-founder of Paypal Holdings Inc., of which Musk was an executive during his early career. Howery also co-founded the FoundersFund – a venture capital firm – with Peter Thiel.

The three are known as the “Paypal Mafia.”

Howery has been touring the world and chasing inclement weather as a hobby, leaving his home unoccupied and available for Musk.

The property has 8,000 square feet of indoor space and extends nicely into the Colorado River. The estate sports a waterfront pool, jacuzzi, and private boat slip. The property is part of a guarded, gated community called Watersedge and sits at the base of Mount Banner.

Howery claims Musk stayed, only occasionally.

RA Staff

Written by RA News staff.

Recent Posts

Wall Street South? Texas Launches Bold Bid with New Stock Exchange

A bold new financial chapter is unfolding…

4 hours ago

Nearly 900 Texans Rescued After Catastrophic Flooding in Kerr County, Death Toll Rises

At least 32 people are dead and many more remain missing — including children from…

20 hours ago

Texas Bets on Bitcoin: A Strategic Play for Financial Innovation

In a move that has drawn national…

1 day ago

Elon Musk’s $50K House vs. His Nearly $70K Cybertruck

Elon Musk, a figure with billion-dollar ventures…

1 day ago

Delta-8 vs. Delta-9: Why Texas’ Marijuana Dispensaries Say They Can’t Compete

Texas' medical marijuana industry entered 2025’s legislative…

2 days ago

Paxton drops appeal: Texas to pay $6.6 million to whistleblowers

Texas will pay $6.6 million to four former top deputies to Attorney General Ken Paxton…

2 days ago

This website uses cookies.