Elon Musk is reportedly selling his Bel-Air house to a Chinese billionaire for $29 million. In May Musk tweeted that he 'will own no house.'

Lucy Nicholson/Reuters; Sotheby’s International Realty; Yutong Yuan/Business Insider

• Tesla CEO Elon Musk has sold one of his homes in the Bel-Air area of Los Angeles for $29 million, the Wall Street Journal reported on Friday, citing public records.
• The buyer is a company tied to Chinese billionaire William Ding, the report said.
• Visit Business Insider's homepage for more stories.

(Reuters) - Tesla Inc <TSLA.O> Chief Executive Officer Elon Musk has sold one of his homes in the Bel-Air area of Los Angeles for $29 million, the Wall Street Journal reported on Friday, citing public records.

"I am selling almost all physical possessions. Will own no house," Musk had said in a tweet on May 1.

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SEE ALSO: Elon Musk just listed 5 more mansions for sale after pledging to 'own no house.' Take a look at the $100 million real estate portfolio he'll have to offload to make that happen.

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