World's Richest Man Elon Musk: 'I Don't Even Own A Place Right Now'

Elon Musk, the world's richest man, said he currently doesn't own a home and instead crashes on friends' couches.

"I don't even own a place right now, I'm literally staying at friends' places," Musk told fellow entrepreneur Chris Anderson, head of TED Conferences, LLC in a video shared by the media organization on Sunday (April 17) from Tesla's Gigafactory in Austin, Texas. "If I travel to the Bay Area, which is where most of Tesla's engineering is, I basically rotate through friends' spare bedrooms."

Musk, who Bloomberg.com estimates has a total net worth of $251 billion, made the comment in response to Anderson addressing public displeasure with the concept of billionaires amid global disparities in wealth.

"For sure, it would be very problematic if I was spending billions of dollars a year in personal consumption, but that is not the case," Musk said, adding that he doesn't own a yacht or take many vacations, though he does own a personal jet.

"It's not as though my personal consumption is high. I mean, the one exception is the plane, but if I don't use the plane then I have less hours to work," he added, while acknowledging that his net worth was "bonkers."

The revealing comments come days after Musk made a massive offer to purchase the remaining shares of Twitter and make it a privately-owned company, claiming the social media website and application needs to be "transformed."

The billionaire offered to acquire the remaining shares of the company for $54.20 per share, valuing Twitter at $43.4 billion, according to an SEC filing, which the billionaire shared on his verified account last Thursday (April 14).

The figures represent a 38% premium over Twitter's April 1 closing price -- which was the last trading day prior to the billionaire revealing that he became Twitter's biggest shareholder -- and an 18% premium over its closing price last Wednesday (April 13).

The filing confirmed Musk sent an offer letter to Twitter last Wednesday.

"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk said in the offer letter. "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."

CNN noted that the offer letter specifically addressed Bret Taylor, the chair of the Twitter board, and not Parag Agrawal, who assumed the role of CEO last fall.

"Twitter has extraordinary potential," Musk added. "I will unlock it."

Twitter confirmed it received the offer and said its board planned to review the proposal "to determine the course of action that it believes is in the best interest of the company and all Twitter stockholders" in a statement obtained by CNN.

Earlier in the week, a Twitter shareholder filed a lawsuit against Musk over his purchase of the company's stock, accusing the billionaire of failing to publicly disclose his purchases when it reached 5%, CNBC reported.

Investors must disclose their purchase within 10 days of exceeding the 5% threshold in adherence with federal law.

Musk was initially offered a seat on Twitter's Board of Directors, but ultimately turned down the offer earlier this month.

Musk vowed to "make significant improvements to Twitter in coming months" amid the announcement that he'd join the social media's company board of directors after purchasing 9% of Twitter's stock and becoming its largest shareholder earlier this month.

Musk had stated that he'd given "serious thought" to purchasing stock in Twitter, which he posts on regularly, but claimed was "failing to adhere to free speech principles" which he claimed "fundamentally undermines democracy."

The billionaire's decision came amid criticism from conservatives following Twitter's enforcement of its rules and a ban on former President Donald Trump based on his social media posts playing a role in the lead-up to the the January 6, 2021 insurrection.