A blockchain investor bought Elon Musk’s mansion for $ 29 million

Billionaire William Ding Lei has just bought Elon Musk’s 16,000-square-foot home in Bel Air, California for $ 29 million.

Ding bought the main residence of Elon Musk at a discount from the original asking price of $ 30 million, according to the Wall Street Journal. Ding is a Chinese national and technology entrepreneur who was the richest man in China in 2003. Today, he has a net worth of over $ 25 billion and is known for founding NetEase, a Chinese Internet company that is the second largest publisher of video games. in China after Tencent.

Ding is an investor in Arcblock.io, a platform that aims to build, manage and deploy the next generation of decentralized applications and blockchain experiences using the ABT crypto asset. Ding’s arrival at Arcblock.io was first announced in January 2018.

He paid for Musk’s mansion in cash after the tech entrepreneur announced he would get rid of “almost all physical belongings” and sell his homes.

Musk has owned the home since 2012, when he bought it for $ 17 million. He still owns five other Bel Air residences, as well as a scattered 47-acre mansion in Northern California.

Ding also owns an estate in Atherton, California, in the heart of Silicon Valley. Ding bought this property for $ 17.7 million in 2011.

You can find photos of the house here .