Tesla CEO Elon Musk has sold his Bel-Air mansion as he works towards a pledged goal of selling all of his physical possession. According to public documents obtained by the Wall Street Journal, Musk listed the home for $30 million and eventually sold it for $29 million.

“Will own no house,” Musk said in a tweet on May 1.

The home was sold to William Ding, a Chinese billionaire and the founder of NetEase, through agent Scott James of the Douglas Elliman. Records indicate the property was “for sale by owner,” indicating that Musk did not conduct the sale through a real estate agency.

The mansion is built on a knoll overlooking the Bel-Air Country Club and was purchased by Musk for $17 million in 2012. Originally built in 1990, the 16,000-square-foot home features seven bedrooms, 11 baths, a two-story library, a home theater, a two-room guest suite, a tennis court, a wine cellar, a gym and a pool, as well as a fruit orchard and motor court on the grounds. It has also reportedly been remodeled over the years to introduce “large entertaining spaces, high ceilings and fine finishes.”

“I’m trying to make my life as simple as possible right now, so will only keep things that have sentimental value,” Musk told the Wall Street Journal in May about his intention to sell his possessions.

Musk currently owns five other homes in the Bel-Air area and a 47-acre “compound” in Hillsborough, a city in the San Francisco Bay Area. One of the homes is reportedly used as a school for Musk’s children.

Elon Musk, founder of SpaceX, has credited NASA's support for the company's success
Elon Musk, founder of SpaceX, has credited NASA's support for the company's success AFP / Philip Pacheco

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