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Home / World

World's richest man Elon Musk chooses to live 'below the poverty line' according to ex

news.com.au
14 Mar, 2022 02:50 AM3 mins to read

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Elon Musk is reportedly a cheapskate and doesn't look after himself properly despite not having any shortage of cash. Photo / Getty Images

Elon Musk is reportedly a cheapskate and doesn't look after himself properly despite not having any shortage of cash. Photo / Getty Images

The world's richest man chooses to live like a pauper, his ex-girlfriend has revealed in a baffling turn of events.

South African and US tech entrepreneur Elon Musk had a vast wealth of $451 billion (US$306.4b) at his peak in November last year, making him the first person in the history of the world to cross over the US$300b mark.

The Tesla and SpaceX founder, 50, is currently still top of the charts, with a net worth of $321b (US$218b) at the time of writing as per the Forbes Billionaire Index.

Despite that, he "lives at times below the poverty line".

That's according to his on-and-off girlfriend Grimes, who made the bombshell claim in a bizarre interview with Vanity Fair last week.

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Elon Musk's ex-girlfriend Grimes made the bizarre claim last week. Photo / Getty Images
Elon Musk's ex-girlfriend Grimes made the bizarre claim last week. Photo / Getty Images

In a sit-down with the publication, 34-year-old Grimes candidly revealed that she did not live a life of luxury with Musk at times (as well as accidentally revealing she and Musk had had a secret daughter in December).

"Like, bro wouldn't even get a new mattress," she told the reporter.

While staying at Musk's Los Angeles pad, she discovered her side of the bed had a hole in it.

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However, Musk was reluctant to replace the essential item of furniture and suggested they ferry over the mattress from her place.

"Bro does not live like a billionaire. Bro lives at times below the poverty line," Grimes said.

"To the point where I was like, can we not live in a very insecure $40,000 house? Where the neighbours, like, film us, and there's no security, and I'm eating peanut butter for eight days in a row?"

"I'm not super into amenities," she said. "But, um, I need nutrition and stuff."

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I am selling almost all physical possessions. Will own no house.

— Elon Musk (@elonmusk) May 1, 2020

The news doesn't completely come out of the blue.

In July last year, Musk casually mentioned in a reply to a tweet that he lived in a tiny shack worth $73,000 (US$50,000) at most.

The billionaire was for a time living in a humble home that he reportedly rents from SpaceX on its launch site in Boca Chica, Texas.

Elon Musk is reportedly a cheapskate and doesn't look after himself properly despite not having any shortage of cash. Photo / Getty Images
Elon Musk is reportedly a cheapskate and doesn't look after himself properly despite not having any shortage of cash. Photo / Getty Images

The house, which was constructed from a box in just one day, measures a modest 35sq m and includes the bare essentials such as a living area, bathroom, bed and kitchen.

Musk's tiny house is believed to have been produced by Boxabl.

The Las Vegas-based company's houses are designed for affordability and ease of construction and look like studio apartments, although they are also customisable.

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That humble rental was the most googled celebrity home of 2021, with over 1.3 million searches globally.

The size of Elon Musk's rumoured house. Photo / Boxabl
The size of Elon Musk's rumoured house. Photo / Boxabl

The SpaceX CEO has sold most of his $147m (US$100m) real estate portfolio after making a pledge in May 2020 to get rid of all of his physical possessions and "own no house".

In November last year, he sold his final nine-bedroom mansion for $44m (US$30m).

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