AUSTIN, Texas — When Time magazine last week named Elon Musk “Person of the Year,” it painted a spartan picture of his living arrangements. “The richest man in the world does not own a house,” the piece began.
The magazine was repeating what has become a core element of Musk’s public persona. Since last year, when the billionaire Tesla Inc. TSLA, +5.51% and SpaceX CEO announced he was “selling almost all physical possessions” in an effort to simplify his life, Musk has repeatedly portrayed himself as a man of modest tastes.
“My primary home is literally a ~50k house in Boca Chica/Starbase that I rent from SpaceX,” he tweeted this June, referring to a Texas town near the Mexican border near SpaceX’s rocket-launch facility. “It’s kinda awesome though.”
What Musk hasn’t said, and what few people know, is that for roughly a year he has also been living in a waterfront estate…