• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 

2

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

3

Current price of oil as of June 1, 2026

1

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 

2

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

3

Current price of oil as of June 1, 2026
FinanceReal Estate

Elon Musk is secretly buying properties reportedly so his children and their mothers can all live together 

By
Alena Botros
Alena Botros
Former staff writer
Down Arrow Button Icon
By
Alena Botros
Alena Botros
Former staff writer
Down Arrow Button Icon
October 29, 2024, 12:58 PM ET
Elon Musk on the campaign trail in Pennsylvania.
Elon Musk on the campaign trail in Pennsylvania.Samuel Corum via Getty Images

The world’s richest man is buying real estate. What’s so surprising about that? Not much. But what if I told you he’s bought three mansions, one that’s behind another and a third that’s a 10-minute walk away, all in Austin, supposedly for his children and their mothers. 

Recommended Video

It seems Elon Musk has been attempting to build a sort of family compound, according to reporting by the New York Times, citing people familiar with his plans. Musk apparently recently told people close to him that he sees his children, of which there are at least 11 per the Times, and two of their three mothers, all living together in the adjoining properties. 

One of the homes is a 14,400-square-foot mansion that resembles a Tuscan villa, according to the Times, and directly behind it is a six-bedroom mansion that Musk helped purchase. The cost of the two properties was about $35 million, per the publication’s reporting. What’s $35 million to a man worth $272 billion on paper? I would, however, care to know what mortgage rate the richest man on earth locked in. 

The third mansion isn’t far, and it is apparently where Musk himself stays when he isn’t galavanting with former President Donald Trump, appearing on the campaign trail. Musk pretty much runs six companies, and he’s still found time to be Trump’s fiercest backer and a top Republican donor. His political action committee is doing a $1-million-a-day giveaway to people who sign a petition supporting the first and second amendments (although the Philadelphia district attorney’s office is suing him). Not to mention, he’s given at least $132 million to elect Trump. 

Either way, the plan for the makeshift compound filled with his children and their mothers “isn’t just a personal matter for him; it is rooted in the existential anxieties that underpin his business empire,” according to the Times. His fixation on birth rates and repopulating the planet, maybe, the publication highlighted. And it so happens that his personal and professional lives are intertwined anyways. 

Is Elon Musk a present dad?

One of his children’s mothers, Shivon Zilis, who is an executive at his company Neuralink, has actually moved into one of the homes with her three children, per the Times. That isn’t the case for Grimes, a musician and mother of three of his children, who happens to be in a custody battle with Musk. Then there’s Justine Musk, his first wife and mother of five of his children. It seems they aren’t living at the compound either. 

Why Austin? Well for one, his companies are there, or near there. He even happens to be the biggest employer in Austin, a city sometimes called Silicon Hills because of its expanding technology industry—a wannabe Silicon Valley, some Californians might say. The average home value in Austin is about $526,000, but those aren’t the kind of places he’s probably looking at. Although he did supposedly offer some homeowners 20% to 70% above their home values, they claim. And some were even required to sign nondisclosure agreements just to see the offer, according to people familiar with the agreements, the Times reported.

Musk wanted to build the compound on hundreds of acres of land outside Austin near Tesla’s headquarters owned by him and his companies, the Times reported, citing people familiar. It seemed to have fallen apart following an apparent federal investigation. The Wall Street Journal reported ​​federal prosecutors were investigating Tesla’s use of company funds on a secret project that had been described internally as a house for its chief executive. 

Even so, it isn’t obvious who among his family will live in the homes he has purchased. It’s only Zilis who seems to be living there so far; she is sometimes seen round the city, people familiar told the Times. When Musk is in town, neighbors said they can tell because of extra security. They also mentioned seeing a groomer pick up a small dog. Interestingly enough, the neighborhood is densely populated and not gated, per the Times.

“I just keep thinking with that much money, he’s probably got lots of whims and he’ll do something else soon,” Jim Lewis, a retired rancher who lives near the house where Musk stays, told the Times.

About the Author
By Alena BotrosFormer staff writer
LinkedIn iconTwitter icon

Alena Botros is a former reporter at Fortune, where she primarily covered real estate.

See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
ConferencesCOO Summit
‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
By Preston ForeJune 1, 2026
5 hours ago
Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank
BankingCryptocurrency
Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank
By Angelica AngJune 1, 2026
5 hours ago
Warren Buffett, Chairman and CEO of Berkshire Hathaway, makes his way to a morning session at the Allen & Company Sun Valley Conference on July 13, 2023 in Sun Valley, Idaho
InvestingWarren Buffett
Buffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
By Eva RoytburgJune 1, 2026
7 hours ago
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
EnvironmentData centers
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
9 hours ago
Los Angeles' Pacific Palisades neighborhood pictured after the January 2025 wildfires.
Economywildfires
Last year was a ‘quiet’ one for wildfires. Catastrophic blazes in Canada, South Korea and LA still made it the costliest fire year in history
By Tristan BoveJune 1, 2026
9 hours ago
g
Economydisruption
Gen Z is losing the most in the AI economy—and Goldman warns it’s about to get worse
By Nick LichtenbergJune 1, 2026
10 hours ago

Most Popular

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
Energy
The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
By Melissa HancockJune 1, 2026
12 hours ago
I wrote that Boomers were choking America’s economy. Their responses to me were revealing
Personal Finance
I wrote that Boomers were choking America’s economy. Their responses to me were revealing
By Nick LichtenbergMay 31, 2026
2 days ago
Current price of oil as of June 1, 2026
Personal Finance
Current price of oil as of June 1, 2026
By Joseph HostetlerJune 1, 2026
14 hours ago
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
Environment
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
9 hours ago
Current price of silver as of Monday, June 1, 2026
Personal Finance
Current price of silver as of Monday, June 1, 2026
By Joseph HostetlerJune 1, 2026
14 hours ago
A rare 'super' El Niño is looking more likely. Here’s what to expect
Environment
A rare 'super' El Niño is looking more likely. Here’s what to expect
By Brian K. Sullivan and BloombergMay 31, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.