Tesla Inc Chief Executive Officer Elon Musk has sold one of his homes in the Bel-Air area of Los Angeles for $29 million. Musk still owns other properties in the area.
"I am selling almost all physical possessions. Will own no house," Musk had said in a tweet on May 1.
The buyer is a company tied to Chinese billionaire William Ding, who is the founder and chief executive officer of online gaming firm NetEase Inc.
Musk bought the house for $17 million in 2012 from Mitchell Julis, co-founder of hedge fund Canyon Capital Advisors.