The Dolpins Archive

Elon Musk Denies Residing in ‘PayPal Mafia’ Member’s Austin Mansion

Elon Musk Denies Living in 'PayPal Mafia' Member's Austin Mansion
  • The Wall Street Journal noted Musk has been staying at an Austin, Texas, mansion and toured houses.
  • The home’s owner, Ken Howery, is a PayPal cofounder, billionaire, and previous ambassador to Sweden.
  • Musk explained to Insider in an email that the report is “false” and he’s “not hunting to obtain a residence.”

Elon Musk claimed past calendar year that he’d moved to Texas, but he has nevertheless to disclose where in the Lone Star State he has bought a household.

According to The Wall Avenue Journal, Musk could be on the hunt for a home and has been being at his friend’s $12 million mansion in Austin, Texas.

Resources advised the paper that Musk has been being at the dwelling of Ken Howery, a billionaire PayPal cofounder — a member of the “PayPal Mafia” — and the former US ambassador to Sweden in the Trump administration.

The pair have been pals for decades, according to The Journal, and Musk has been remaining at Howery’s house for about a year while Howery travels the globe and participates in extraordinary-weather conditions hobbies, like chasing tornadoes, sources told The Journal.

Musk denied The Journal’s report. He explained to Insider in an e mail,”the WSJ post is phony. I don’t live there and am not looking to get a property anywhere.”

Just after The Journal posted its report, Howery informed the paper that “Elon does not are living at my residence, he lives in South Texas. He stayed at the residence as my visitor once in a while when touring to Austin.”

See also  Worthington City Council denies Way of life Communities' rezoning ask for to redevelop former UMCH internet website

Howery’s assets spans 8,000 square feet in an distinctive Austin district in the vicinity of Mount Bonnell, a popular hiking location for travellers and locals with sweeping views of the metropolis and Hill Place. It has a pool, a Jacuzzi, a non-public boat slip, and is gated, according to the report. It offered for $12 million in 2018.

austin mount bonnell

Howery’s property sits close to Mount Bonnell in Austin, according to The Journal.

Google Maps/Insider

Sources advised The Journal that Musk and his group have used various actual-estate brokers to find him a house.

Musk expressed interest in the house of the famed Texas jewellery designer Kendra Scott, who was open to a deal, in accordance to the report. But very little materialized right after Musk skipped appointments to look at the property.

Musk declared in June 2020 that he was “selling pretty much all bodily belongings” and “will own no household” like his attributes in California. Musk was named Time magazine’s Person of the 12 months past 7 days, a attribute that included the line: “the richest male in the entire world does not very own a home.”

He said late last yr that he was shifting the headquarters of his providers — such as Tesla — to Texas, citing in component his disagreement with California’s COVID-19 policies. Musk also confirmed that he himself was shifting to Texas.

He tweeted in June that he life in a $50,000 house close to his corporation SpaceX’s web page in Boca Chica, Texas. Public information exhibit he is registered to vote at a household developed in 1971 that SpaceX owns, in accordance to The Journal.

Musk’s providers — Tesla, SpaceX, and his Monotonous Organization — have grown their Texas presence substantially in modern months as the tech sector — which has a very long historical past in Austin — booms in the cash metropolis.

Texas Month to month documented in August that Tesla — through its Tesla Strength Ventures subsidiary — utilized with the Community Utility Fee to offer electric power to Texans, a go that could let people whose houses are outfitted with solar panels to share electricity with the state’s deregulated electrical grid.