Musings From Abroad

Homeless Billionaire: Elon Musk reveals he doesn’t own a house, sleeps in friends’ spare bedrooms – Video

Published

3 years ago

April 19, 2022

Billionaire Tesla Chief Executive Officer (CEO) and one of the single largest shareholders of social media giants, Twitter, Elon Musk, may be the richest man in the world presently with a net worth of $269.5 billion according to Forbes, but he claims to be homeless as he doesn’t own his personal house and sleeps in his friends’ spare bedrooms.

Musk made the revelation on Monday in a video interview with the non-profit organization TED, famously known for its popular “TED Talks” and conference, where he discussed his life and challenges as a billionaire.

“I don’t even own a place right now. I’m literally staying at friends’ places,” the money man said.

“If I travel to the Bay Area, which is where most of Tesla’s engineering is, I basically rotate through friends’ spare bedrooms,” the Tesla CEO added.

When asked about wealth disparity across the world and the amount of money spent by billionaires on luxury goods and properties, Musk said he does not believe in such luxuries as he doesn’t have a yacht nor take vacations.

“I don’t have a yacht, I don’t take vacations. I think there’s axiomatic flaws that are leading to that conclusion. It would be very problematic if I would be consuming billions of dollars a year in personal consumption, but that is not the case,” he said.

The Twitter shareholder, however, admitted to having an exception in his private plane which he sees as a necessity.

“It’s not as though my personal consumption is high, with the one exception being the plane. If I don’t use the plane, then I have less hours to work,” he added.

Last year, the billionaire had tweeted that his primary residence is a rental from SpaceX, worth $50,000, and in the same tweet, he had also admitted to owning an “events house” in the Bay.

Related Topics:Elon Musk Featured Homeless Tesla

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Musings From Abroad

Brazilian meatpacker JBS invests $2.5 billion in Nigeria, builds six facilities

Published

14 hours ago

November 22, 2024

Ifeoluwa Dada

Brazilian meatpacker JBS says it has inked a memorandum of understanding with the Nigerian government for a $2.5 billion investment plan that will include the construction of six new plants in the African nation.

Three of the plants would deal in poultry, two in beef, and one in pork, according to a statement from JBS.

In accordance with the memorandum of understanding, JBS stated that it would develop a five-year investment plan in Nigeria, which would include budget estimates, feasibility studies, and an action plan for the development of the local supply chain.

The Nigerian government would then guarantee the sanitary, regulatory, and economic conditions required for the project’s viability, JBS continued.

Musings From Abroad

China’s Xi meets with Morocco’s Crown Prince

Published

14 hours ago

November 22, 2024

Ifeoluwa Dada

Morocco’s official media reports that Chinese President, Xi Jinping, visited Morocco briefly on Thursday.

According to Morocco’s MAP, Crown Prince Moulay El Hassan welcomed Xi in Casablanca. The visit demonstrated the close ties of camaraderie, collaboration, and solidarity between the Moroccan and Chinese peoples, it said.

China’s official broadcaster, CCTV, said that Xi and Hassan had a “cordial conversation” at the airport after being received by the Crown Prince and Moroccan Prime Minister Aziz Akhannouch.

After attending the G20 Summit in Brazil, Xi paid the visit.

In recent years, China has increased its investments in Morocco’s rail and infrastructure. Morocco is desirable for Chinese electric car battery manufacturers because of its proximity to Europe, free trade agreements with important EU and US markets, and an established automotive sector.

Morocco was chosen by Chinese EV battery company Gotion High Tech in June to establish Africa’s first gigafactory, which will cost $1.3 billion in total.