World’s richest ma, Elon Musk, has revealed that he is homeless and he has been sleeping on friends’s sofas despite being the world’s wealthiest man.

Musk disclosed this during an interview with Chris Anderson, the head of conference organisers at TED that was aired on Monday, April 19, 22.

“I don’t even own a place right now, I’m literally staying at friends’ places,” said Musk.

Musk revealed that he stays with friends around San Francisco’s Bay Area, near the Tesla headquarters, when working in the city.

The founder of Space X, who recently attempted a hostile takeover of Twitter with a $43 billion offer, added that he does not indulge in splurging his wealth for personal consumption.

The billionaire who has an estimated net worth of $251bn (£207bn) disclosed that people have it all wrong, because he doesn’t live like a regular billionaire and spend his fortune on stuff like luxury items and lavish getaways, Independent reported.

“I don’t have yacht, I don’t take vacations, so it’s not that my personal consumption is high. One exception is a plane but if I don’t use the plane I have less hours to work,” added Musk.

The 50-year-old also said the assumption that all billionaires are bad is problematic since he does not consume billions of dollars as anticipated.

In June last year, Musk tweeted that his primary residence is a rental from SpaceX, worth $50,000, which near the company’s Texas location.

The Tesla chief executive later announced that his home in the Bay Area of San Francisco, which he kept only to rent out for events, is going on the market for about $37 million.

In 2021, the billionaire challenged the United Nations (UN) to show how $6 billion of his fortune could be used to overcome world hunger, prompting the UN’s World Food Programme to produce a detailed plan following remarks by the the director of the United Nations’ World Food Programme, David Beasley.

In an interview with CNN, Beasley disclosed that 2% of Elon Musk’s wealth could help solve world hunger.