Elon Musk moves into £37k three-bedroom home as part of frugal lifestyle

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Elon Musk has adapted to a more frugal life since moving into a small £37k property with three bedrooms, it has been revealed.

The tech tycoon opened up about his home life to the host of The Full Send podcast Kyle Foregard and said his friends sleep over at the property in Boca Chica, South Texas.

He revealed that he converted the garage in a bid to make more space for a third bedroom.

READ MORE SpaceX debris in farmers' gardens could make them 'millions' if they sell it on eBay

It comes as his father Errol admitted on the Kyle and Jackie O’s show that Musk isn't his favourite child, reports The Sun.

Jackie O asked Musk Snr: “Your offspring is a genius. He’s worth so much money and has created so many things, you can’t take that away from him. Are you proud?”

In response, he said: “No. You know, we are a family that have been doing a lot of things for a long time, it’s not as if we suddenly started doing something.”

The dad went on to say that despite all of Musk's achievements so far, Elon was unsatisfied with his progress.

He added: “He is frustrated with progress and it’s understandable.

“I know it sounds crazy, but we tend to think like that as a family. He’s 50 now and I still think of him as a little boy. But he’s 50, I mean that’s an old man.”

The SpaceX founder, who is thought to have a net worth of $274.1billion, has recently been involved in a feud with Twitter.

He was said to be in talks to buy the social media platform for $44billion but he terminated the deal after accusing the business of breaching the agreement.

According to Musk, the deal collapsed because Twitter didn't provide the necessary information regarding its spam and bot accounts.

It has been reported that the case launched on July 19 and could be resolved within the next few months.

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