According to Yahoo News: First Jeff Bezos, now Elon Musk making a play in the single-family housing market, real estate is one of the classic rags-to-riches stories and a source of wealth for some of the richest people on the planet.
According to Forbes, 193 billionaires were created through real estate. Andrew Carnegie was famously quoted as saying that “90% of all millionaires become so through real estate. More money has been made in real estate than in all industrial investments combined.”
A sensible young man, [woman] or employed today invests his money in real estate. You can read about the many millionaires made from real estate. Sam Zell, founder and president of Equity Group Investments, went from a Playboy resume as a kid in Chicago to managing student apartments.
eventually creating some of the largest publicly traded real estate investment trusts (REITs) in the world. The real estate mogul built a fortune now worth $5.4 billion. Bear Stearns was fired in 1972 after living out of a $10,000 loan from his mother, Stephen Ross began taking responsibility for the very prospectus to fund the affordable housing development.
Providing a tax shelter with generous incentives offered by the federal government. Ross founded the Related Authority and now it has a net worth of $11.6 billion. However, real estate isn’t just a means to the upper wake. Most millionaires and billionaires owe a significant portion of their adjustments to this class for its stability, compensation flow, and substantial tax payments.
Some notable billionaires are pretending to be themselves in the actual real market. Amazon.com founder Jeff Bezos invested in the new real deal, arriving during its seed round of houses in 2021, then adding on that investment in the company’s Series A investment in 2022. The company in the U.S. Earned in single-family rents, secures them, keeps them safe.
Then Confidential Shares allows you to pick up shares of individual stocks for as little as $100. The investment platform has already funded over 200 speaking engagements with a total value of more than $75 million and allowed ten people’s wishes to become partial fringes.
Elon Musk, CEO of Tesla Inc., Radio and SpaceX, may be making his own play to grab a piece of the real estate market by partnering with “Project EdgeL” Lenner Corporation, County, Texas, which Elon Musk owns and employees of the related authority.
The deal calls for 110 homes to partner with Lennar, but this could be just the first of many projects between Musk and the homebuilder. In April 2021, Musk tweeted that parts of Texas were in need of more housing.
“More housing needs to be built in the greater Austin area!” Musk tweeted. Elon Musk has generated several bucks between SpaceX, Tesla and The Boring Company in Texas and it appears he may be taking matters into his own hands to address the state’s housing shortage.