Poor Elon, he only has one house left to sell as taxman closes in


Poor Elon, he only has one house left to sell as taxman closes in

A report into the wealth of billionaire business people relative to the tax they’ve paid is on the FBI’s radar

Katrina Nicholas

Tesla’s Elon Musk tweeted that he’s decided to sell his last remaining house a week after a report said he and other billionaires paid little or no income tax for several years.

The electric carmaker’s CEO tweeted earlier this month that he only has one house in the San Francisco Bay area that is rented out for events and that if he sold, it “would see less use, unless bought by a big family, which might happen some day”.

Musk, 49, first announced plans more than a year ago to sell his homes and most of his possessions as a way to blunt criticism of his wealth. Within days, he put two of his California properties on the market...

This article is free to read if you register or sign in.

Sunday Times Daily

If you have already registered or subscribed, please sign in to continue.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Previous Article

Trump is gone, but tensions between US and allies can’t be voted away

By Flavia Krause-Jackson, Arne Delfs and Ania Nussbaum
4 min read