Elon Musk buys secret property worth ₹300 crore for his 11 children as he plans to have more kids

Elon Musk has purchased a $35 million villa and mansion (approx 295 crore) in Austin to create a family compound. He aims for his children to live nearby and bond while he also resides in a third mansion nearby while in Texas.

Livemint
Updated30 Oct 2024, 01:57 PM IST
File image of Elon Musk.
File image of Elon Musk. (Reuters / Mario Anzuoni)

Billionaire Elon Musk has reportedly bought a $35 million, 14,400 sq. ft. villa and a six-bedroom mansion in Austin, Texas, to establish a "family compound," according to a New York Times report citing sources. While the mansion is situated just behind the villa, Musk himself lives at a third mansion in Austin, which is a 10-minute walk away from the new purchases, the report added.

Also Read | Why is Indian stock market down today? Explained

Musk (53) is the world's richest man and has been in the news for his rampant support of Republican candidate and former United States President Donald Trump. He has also been a proponent of "big families" and encourages "more children." The tech mogul himself has at least 11 children with three women, as per the report.

The sources say that Musk told friends he wants "his children and two of their three mothers occupying adjoining properties" so that the kids can bond and he can “schedule time among them”, the report said.

Also Read | Maroon 5 to host concert in India for the first time; tickets to go live on THIS

Elon Musk's Children

Musk and his first wife, Justine Musk, had their first child, the late Nevada, in 2002. The couple had five children using in vitro fertilisation (IVF) before they divorced in 2008: twins Griffin and Vivian (20) and triplets Saxon, Damian, and Kai (teens).

In 2020, Musk and musician Grimes (real name Claire Boucher) had their son named X Æ A-Xii (X for short), followed by two other children.

He also has twins (through IVF) and another child with Neuralink executive Shivon Zilis. Musk owns Neuralink.

Also Read | Diwali event cancelled at Parliament Hill amid India-Canada row

The ‘Family Compound’

Sources told NYT that Musk hoped to build a compound for his families outside Austin, close to Tesla's newly moved headquarters. But this plan changed following a Justice Department probe into whether Tesla funds were being used for personal expenses, it added citing a Wall Street Journal report.

Musk was on a "home purchase spree" and offered some homeowners 20-70 per cent more than their home value. According to sources in the report, some were required to sign nondisclosure agreements (NDAs) just to see the offer.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:30 Oct 2024, 01:57 PM IST
Business NewsNewsTrendsElon Musk buys secret property worth ₹300 crore for his 11 children as he plans to have more kids

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power share price

    476.15
    03:58 PM | 21 NOV 2024
    -47.95 (-9.15%)

    Bank Of Baroda share price

    228.60
    03:57 PM | 21 NOV 2024
    -8.6 (-3.63%)

    Tata Steel share price

    140.25
    03:58 PM | 21 NOV 2024
    0.8 (0.57%)

    Indian Oil Corporation share price

    130.75
    03:57 PM | 21 NOV 2024
    -2.4 (-1.8%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Indian Hotels Company share price

    786.85
    03:59 PM | 21 NOV 2024
    33.45 (4.44%)

    National Aluminium Company share price

    248.10
    03:59 PM | 21 NOV 2024
    7.8 (3.25%)

    Federal Bank share price

    210.80
    03:41 PM | 21 NOV 2024
    4.1 (1.98%)

    Coforge share price

    8,216.55
    03:29 PM | 21 NOV 2024
    102.65 (1.27%)
    More from 52 Week High

    Honasa Consumer share price

    237.40
    03:29 PM | 21 NOV 2024
    -26.35 (-9.99%)

    ADANI WILMAR share price

    294.45
    03:59 PM | 21 NOV 2024
    -32.65 (-9.98%)

    Adani Power share price

    476.15
    03:58 PM | 21 NOV 2024
    -47.95 (-9.15%)

    ACC share price

    2,025.80
    03:54 PM | 21 NOV 2024
    -159.25 (-7.29%)
    More from Top Losers

    VIP Industries share price

    492.75
    03:43 PM | 21 NOV 2024
    32.8 (7.13%)

    NLC India share price

    253.10
    03:59 PM | 21 NOV 2024
    16.1 (6.79%)

    Sammaan Capital share price

    159.80
    03:58 PM | 21 NOV 2024
    9.3 (6.18%)

    CRISIL share price

    5,588.00
    03:29 PM | 21 NOV 2024
    317.5 (6.02%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,645.000.00
      Chennai
      77,651.000.00
      Delhi
      77,803.000.00
      Kolkata
      77,655.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts