7 Luxuries That Prove Elon Musk Is Only Frugal on Paper
Elon Musk often talks about living simply. He’s claimed to sell most of his real estate, sleep in a small prefab home, and focus only on work and innovation. But when you look a little closer, that minimalist image starts to crack. In real life, he’s got everything from private jets to million-dollar collectibles. Musk’s lifestyle includes some seriously high-end purchases that reveal how the world’s richest man really spends his money.
Here’s a look at the luxuries that prove Musk’s frugality is mostly talk.
Two Private Jets That Keep Him Moving
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Elon owns not one but two Gulfstream G550 jets. Each one costs around $14 million and flies over 6,000 miles without stopping. He uses them for nonstop travel between Tesla, SpaceX, and other ventures. The jets include high-end interiors designed for long flights.
A $35 Million Setup for His Family
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In Austin, Musk owns a massive estate made up of multiple properties. It cost about $35 million. The space is for his kids and some of their mothers. He moved there after leaving California, partly for lower taxes and partly to stay close to Tesla’s growing Texas operations.
A Penthouse That Redefines Luxury Living
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Musk expressed interest in a $100 million penthouse in West Palm Beach. It covers 19,000 square feet and sits near the ocean. The space includes private elevators and a rooftop pool. If he buys it, the deal would rank among Florida’s most expensive residential purchases ever.
He Bought James Bond’s Submarine Car
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Elon paid nearly $1 million for the Lotus Esprit from the Bond film The Spy Who Loved Me. The car was designed to transform into a submarine on screen. Musk later said he plans to upgrade it with Tesla parts and maybe even make it functional.
His Watches Are Worth a Fortune
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Musk owns a few serious timepieces, including a $50,000 Audemars Piguet. Another is a $200,000 Richard Mille. Both brands are famous for precision and exclusivity. These watches are also smart investments that hold or even grow in value over time.
A Custom Ring That Screams “Tesla”
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Celebrity jeweler Ben Baller designed a ring just for Musk. It spells out “Tesla” in diamonds and rubies and is worth more than $37,000.
Limited-Edition Tesla Jordans
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At the Model Y reveal, Musk wore custom Air Jordans with the Tesla logo stitched in. And Sneaker fans couldn’t help but notice. These aren’t for sale, but they’ve become part of his brand’s story.
He Launched a Tesla Into Space
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In 2018, Musk strapped his personal Roadster to a SpaceX Falcon Heavy and sent it into orbit. The car, piloted by a mannequin named Starman, plays Bowie’s “Space Oddity.” It now circles the sun. The move turned a test launch into one of the most iconic space stunts ever.
A Million-Dollar McLaren That Didn’t Last
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Early in his career, Musk bought a rare McLaren F1 worth over $1 million. He crashed it during a joyride with a business partner. The kicker was that it had no insurance. That wreck is a reminder that big risks have always been part of his style.
A Tiny House That Isn’t So Tiny
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Elon is said to live in a compact prefab home made by Boxabl. It costs about $400,000 and sits near SpaceX in Texas. The house runs efficiently and supports his interest in sustainable living. It’s a big leap from his other multimillion-dollar properties.
A Tesla Fleet That’s Always Evolving
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Musk drives several Teslas, including the Model S Plaid, Model 3 Performance, and Model X. He often uses early-release versions. These cars help him personally test new features before launch. His daily commute doubles as product research, which keeps him directly involved in Tesla’s progress.
Vintage Cars That Tell a Story
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Not all of his cars are futuristic. Musk owns a 1920 Ford Model T and a 1967 Jaguar E-Type. The Model T was one of the first mass-produced vehicles, and the Jaguar is known for its design.