While Elon Musk is often cited for some of his frugal habits, like sleeping on a worn-out mattress, he is also known for his eccentric and expensive purchases. From paying $44 billion for the social media platform X (formerly Twitter) to reportedly sending his $100,000 Tesla Roadster into space, he definitely isn’t a penny pincher in every aspect of his life.
At GOBankingRates, we looked at some of his most extravagant purchases, from multiple jets to a real estate portfolio worth over $100 million. The multi-billionaire is one of the wealthiest people in the world and is not afraid to spend big bucks to get one-of-a-kind things that only the richest can afford.
Gulfstream G650 Private Jet
While flying private may be the preferred way to travel for the world’s wealthiest people, few do it in quite the same fashion as Elon Musk. He doesn’t just own one private jet; he allegedly owns at least four, including a Gulfstream G650 that he reportedly purchased for around $75 million. This is in addition to two Gulfstream 550s and a G700 that he has to his name.
Pricey Real Estate
While Musk vowed on X in 2020 to rid himself of almost all physical possessions, he has held an extensive real estate portfolio in the past. At one point he owned Gene Wilder’s former estate and luxury home in Bel-Air. It is said that during a certain period, he owned at least six Bel-Air properties in addition to Gene Wilder’s previous home.
McClaren F1
The Tesla founder is known for his love of automobiles. According to many outlets, Musk owns several cars including a 1920 Ford Model T and a Tesla Roadster that he sent into space. The billionaire also purchased a McClaren F1 for $1 million that he eventually sold.
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Richard Mille Timepiece
It isn’t just houses and cars that Elon Musk is willing to drop huge amounts of money on. Musk is also known to pay top dollar on watches and other accessories. One of his timepieces, a Richard Mille, is valued at $200,000. Founded in 2001, Richard Mille watches quickly became a must-have for wealthy businessmen.
Tesla Diamond and Ruby Ring
While the entrepreneur is known for his casual attire, he isn’t afraid of a little bling. Musk is said to own a custom-designed Tesla Diamond and Ruby Ring that is worth in excess of $37,000. It is reported that the ring was actually a gift from designer Ben Baller, but he owns several other unique pieces, including rare gemstones.
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Lotus Espirit Submarine
Finally, perhaps the quirkiest expenditure of the multi-billionaire was the Lotus Espirit Submarine from the 1977 James Bond Film “The Spy Who Loved Me.” The watercraft allegedly cost him over $900,000 at auction. While the nearly million-dollar sub is not actually functional, Musk has said he hopes to get it working in the future.
