Currently, New York City is home to the most billionaires. The wealthiest among the Big Apple’s residents is Michael Bloomberg, with a net worth of $96.3 billion, per Forbes. But despite its reputation as a haven for the most well-off among us, New York City isn’t the primary residence for any of the richest people in the world. While one of the planet’s most moneyed figures famously keeps a modest dwelling in the middle of the US, others boast more lavish digs in coastal areas, purchased via record-breaking transactions. Unsurprisingly, many of the world’s most affluent (though not all of them) have portfolios filled with a number of spots to split their time between. Read on to learn more about where some of the richest people in the world have chosen to set down roots.

Elon Musk

Elon Musk has been the CEO of Tesla since 2008.

Photo: Stefani Reynolds/Getty Images

In 2020, the Tesla CEO declared in a tweet that he would “own no house” and planned to sell nearly all his worldly possessions. The following year, Musk announced that his primary residence was a prefab abode in Boca Chica, Texas, rented via his astronautics company, SpaceX. Musk’s residence in the prefab home has not been officially confirmed by outside sources, though the prefab dwelling company Boxabl hinted in a promotional video posted two years ago that one of its houses was installed “for a top secret customer.” The Boxabl Casita that Musk reportedly calls home is in a transportable unit that measures in at approximately 400 square feet. It’s set up much like a typical studio apartment, complete with a fully equipped kitchen, bathroom, living area, and bedroom.

The United States Attorney for the Southern District of New York and the Securities and Exchange Commission are both currently investigating Tesla’s funding for a top secret plan known as Project 42, which is rumored to be a glass-wall home for the mogul near the company’s HQ in Austin, Texas.

Bernard Arnault

Bernard Arnault and his family have been likened to the Roys in Succession. Each of his five children hold positions in the LVMH luxury empire.

Photo: Benjamin Girette/Bloomberg via Getty Images



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