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HomeBreaking NewsPut your money where your mouth is and he does! Elon Musk...

Put your money where your mouth is and he does! Elon Musk Sells Bel-Air House to Chinese Billionaire for $29 Million

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NASDAQ: TSLA Chief Executive Officer   Elon Musk tweets “I am selling almost all physical possessions. Will own no house,”

Elon Musk Net worth  was estimated at $59 billion. Mr. Musk Sells Bel-Air House to Chinese Billionaire for $29 Million.  The buyer is founder and  Chief Executive officer of online gaming firm Net Ease , owned by the Chinese billionaire William Ding   Net worth‎: ‎US$15.3 billion (June 2019)   .

Mr. Musk originally purchased  the house from Mitchell Julis, co-founder of hedge fund Canyon Capital Advisors.

Tesla, Inc. (TSLA) Nasdaq CEO Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003.

Major Holders

20.51%   % of Shares Held by All Insider

57.93%   % of Shares Held by Institutions

72.87%   % of Float Held by Institutions

1,319         Number of Institutions Holding Share

Top Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Baillie Gifford and Company               12,076,416                     Mar 30, 2020           6.51%       6,328,041,984

Capital World Investors 10,714,131                     Mar 30, 2020           5.78%       5,614,204,644

Vanguard Group, Inc. (The)                   8,662,781                         Mar 30, 2020           4.67%       4,539,297,244

Blackrock Inc.         7,213,587                         Mar 30, 2020           3.89%       3,779,919,588

FMR, LLC                           4,615,556                         Mar 30, 2020           2.49%       2,418,551,344

Jennison Associates LLC 4,320,630                         Mar 30, 2020           2.33%       2,264,010,120

State Street Corporation                             3,095,851                         Mar 30, 2020           1.67%       1,622,225,924

JP Morgan Chase & Company         2,816,285                         Mar 30, 2020           1.52%       1,475,733,340

Goldman Sachs Group, Inc.                   2,702,701                         Mar 30, 2020           1.46%       1,416,215,324

BAMCO Inc.               1,615,174                         Mar 30, 2020           0.87%       846,351,176

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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