Elon Musk, the billionaire CEO of Tesla, SpaceX, and several other innovative companies, has surprised many by revealing his modest lifestyle. Despite a net worth of over $220 billion, Musk lives in a simple $50,000 home in Boca Chica, Texas, near SpaceX’s Starbase facility. The three-bedroom house, which used to be a two-bedroom before Musk converted the garage, spans roughly 800-900 square feet.

This small yet functional home stands in stark contrast to Musk’s immense wealth, emphasizing his focus on efficiency and simplicity. He confirmed that this home is his legal residence, as evidenced by his voter registration during the 2024 U.S. presidential elections.

Musk, known for his forward-thinking ideas and concerns about humanity’s future, is also a vocal advocate for combating declining birth rates. The billionaire has fathered 12 children with three different women, including his ex-wife Justine Musk, singer Grimes, and Neuralink executive Shivon Zilis. His children range in age, with his oldest being 19 years old, down to his youngest, twins born in late 2021.

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Musk has expressed a desire for his children to grow up knowing each other and has considered creating a family compound to achieve this. However, apart from Shivon Zilis and her children moving into a residence near him, his other partners have not joined such an arrangement.

In interviews, Musk has shared his pragmatic approach to living, stating that he does not see value in owning luxury mansions. Instead, his focus remains on his work at SpaceX, Tesla, and other ventures that aim to shape the future.

Elon Musk’s choice of residence and his dedication to raising his children while managing his ventures highlight his unique approach to life—balancing simplicity with groundbreaking innovation.

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