Elon Musk, the 2nd-richest man in the world, told Twitter he lives in a rented home that costs $50,000

Elon Musk waving and holding a white hard hat at a construction site of a Tesla factory.
  • Elon Musk, the world’s second-richest man, told Twitter he rented a $50,000 house in Texas.

  • He’s speculated to be living in a prefabricated home made by the housing startup Boxabl.

  • The billionaire appears to be keeping a promise he made in May last year to “own no house.”

  • Visit Insider’s homepage for more stories.

Tesla CEO Elon Musk – the world’s second-richest man, with a net worth of about $185 billion – said in a tweet in June that he rented a home in Boca Chica, Texas, that costs $50,000.

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