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Billionaire Musk Secretly Buys Three Mansions in Austin to Create a "Mega-Family" Compound

Industry dynamics 2024-10-30 14:17:56 Source:

Billionaire Musk Secretly Buys Three Mansions in Austin to Create a "Mega-Family" CompoundElon Musk, the world's richest man, has reportedly purchased three mansions in Austin, Texas, in secret. According to insiders, the properties are primarily for his children and their mothers, with the aim of building a "mega-family" compound

Billionaire Musk Secretly Buys Three Mansions in Austin to Create a "Mega-Family" Compound

Elon Musk, the world's richest man, has reportedly purchased three mansions in Austin, Texas, in secret. According to insiders, the properties are primarily for his children and their mothers, with the aim of building a "mega-family" compound.

Two of the homes are adjacent, while the third is a short ten-minute walk away. It is said that Musk wants his over a dozen children and two of their mothers to live together, creating a sprawling family estate. Reports say that one of the mansions spans 14,400 square feet, resembling a Tuscan villa. The second, a six-bedroom mansion, was purchased with Musk's assistance; the two properties are estimated to be worth $35 million. For Musk, whose net worth is estimated at $272 billion, this expenditure seems negligible. The third mansion is likely to be Musk's personal residence.

 Billionaire Musk Secretly Buys Three Mansions in Austin to Create a "Mega-Family" Compound

Sources reveal that Musk has been working to create a "mega-family" concept, recently telling those close to him that he wants his many children and two of their mothers to live together, forming a single family compound.

The idea behind this family compound goes beyond personal reasons, reportedly stemming from Musk's "existential anxiety" regarding his business empire. Musks obsession with birth rates and human propagation is reflected in his constant expansion of his family. It has been reported that one of Musks children's mothers, Shivon Zilis, an executive at Neuralink, has already moved into one of the properties with her three children. However, Grimes, the mother of three other children, is currently embroiled in a custody battle with Musk. Moreover, Musk's first wife, Justine Musk, and their five children, are not believed to have moved into any of the properties.

There are several reasons why Musk chose to purchase these properties in Austin. Firstly, the majority of his companies are located in or near Austin. Indeed, Musk is one of the city's largest employers. Austin, known as "Silicon Hills" for its growing tech industry, has been described as "the city that wants to be Silicon Valley" by some Californians. While the average home price in Austin is around $526,000, Musk clearly doesn't care about such costs. According to sources, Musk has reportedly offered some homeowners 20% to 70% above the asking price, with some homeowners even requiring a confidentiality agreement to view his bids.

Insiders also reveal that Musk had planned to build a family compound on a sprawling hundred-acre estate outside of Austin, near Tesla headquarters, which he and his company owned. However, this plan appears to have been stopped after a federal investigation. Previous reports suggested that federal prosecutors were investigating whether Tesla was using company funds for a clandestine project described as a "CEO residence."

It is unclear which family members will be residing in the newly acquired properties. So far, only Zilis has been spotted living there. Neighbors say they know when Musk is visiting, as there is a noticeable increase in security measures. The neighborhood where Musk purchased his homes is densely populated and has no gated facilities.

"People with money like him, they have lots of ideas and make quick decisions," said Jim Lewis, a retired rancher living near Musk's property.

Musk's "mega-family" plan has sparked public scrutiny of his personal life and business empire. His actions not only demonstrate his concern for his family but also reflect his commitment to birth rates and human propagation. Additionally, his mansion building project has raised concerns about the use of corporate funds and federal investigations.

The event is sure to continue fueling discussions about Musk and his business empire and will likely impact his future plans.

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