Elon Musk, the world’s richest man, startled followers when he announced that he was sleeping at a friend’s house.

The Tesla CEO claimed that his personal consumption is not as high as many images during his recent talk with TED’s Chris Anderson on Saturday (published last night).

“It would be very problematic if I was spending billions of dollars a year in personal consumption, but that is not the case.’

He continued, “In fact, I don’t even own a home right now, I’m literally staying at friends’ places.”

‘If I travel to the Bay Area, which is where most of Tesla’s engineering is, I basically rotate through friends’ spare bedrooms,” Musk dished out.

“I don’t have a yacht. I really don’t take vacations. It’s not as though my personal consumption is high.

“I mean the one exception is a plane, but if I don’t use the plane then I have less hours to work,” he added.