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Elon Musk sells California mansion for $29m to fellow tech billionaire

Tesla Inc. and Space X CEO Elon Musk has sold one of his Bel-Air homes in Los Angeles for $29million to a Chinese tech billionaire after announcing that he’s selling his possessions in May.

The Wall Street Journal reports that Musk, 48, has sold one the first of seven California homes that hit the market last month after he revealed in a bizarre Twitter rant that he was selling much of his material possessions.

‘I am selling almost all physical possessions. Will own no house,’ he wrote on May 1.

A mansion owned by Tesla Inc. CEO Elon Musk has sold for $29million after it hit the market in May with an original listing price of $30million

‘Don’t need the cash. Devoting myself to Mars and Earth. Possession just weigh you down,’ he added.

He initially listed two Bel-Air homes for sale before adding five more of his homes to the mix in Los Angeles

This image shows the four homes that Musk recently listed on Zillow for a combined $62.5million, including the mansion he sold to Ding Lei for $29million (right)The newly sold mansion was initially listed for $30million in early May and was unique in that it was ‘for sale by owner,’ meaning Musk didn’t use a realty agent to list the property.

The property appeared soon after on home selling website Zillow,

The buyer is William Ding, real name Ding Lei, Chinese billionaire businessman who is the founder and CEO of tech company NetEase.

NetEase, headquartered in Guangzhou, China, is a Chinese internet technology company that develops online and mobile games, e-commerce platforms, advertising and email services in China.

The 16,251sqft mansion (pictured) features six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis courtThe mansion also features a home gym, wine cellar, fruit orchard, a five-car garage (pictured) and a exclusive tennis court (pictured)
A gorgeous pool found on the home's back patio is lined with a number of lounging chairs to enjoy the California sun and appears to have a fountain feature installedA gorgeous pool found on the home's back patio is lined with a number of lounging chairs to enjoy the California sun and appears to have a fountain feature installedThe area surrounding the Bel-Air estate is decorated with a walkway from the home that leads to a beautiful shrubbery and sits near a magnificently manicured lawnOne of the mansion's features is a tennis court (pictured) that is perfect for at-home exercises ans also includes a basketball hoop  for pickup games with friendsA further look into the estate's back patio area revealed a quaint sitting area next to the massive pool and underneath a swath of gorgeous trees

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