Elon Musk is secretly residing in a $12 million waterfront estate in Austin, despite stating that he lives in a $50,000 box at the SpaceX site after selling off his properties.

Elon Musk is reportedly secretly living in a $12 million mansion in Austin, Texas despite his claim to reside in a spartan $50,000 rental module at SpaceX‘s Boca Chica launch site.

Musk, the CEO of Tesla and SpaceX, famously declared last year that he would ‘own no house’ and went on to sell off his nine California mansions for a total of $144 million.

Musk claims to live in 375-square-foot box

Senator Elizabeth Warren dubbed Musk ‘the world’s richest freeloader’ amid a row over the billionaire’s taxes.