Do you know that the world's richest man does not own a home and stays at his friend's place?

The world's richest man also doesn't own yachts or take vacations but has a plane to save time.Musk was responding to a comment about how many people criticize billionaires for their wealth.

The world's richest man said that he doesn't own a home and crashes on friends' couches.

"I don't even own a place right now, I'm literally staying at friends' places," Elon Musk said in a video interview with Chris Anderson, head of conference organizers TED.

"If I travel to the Bay Area, which is where most of Tesla's engineering is, I basically rotate through friends' spare bedrooms," Musk added.

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 told Anderson, adding that he doesn't own a yacht or really take vacations, though he famously does have 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 said, acknowledging that his net wealth was nonetheless "bonkers."

Musk's comments look like his first confirmation that he doesn't have a permanent home, despite being the world's richest person.

The billionaire's friends have commented over the years on his thrifty habits. 

Musk said that he had a backup plan in the event that Twitter rejects his $43 billionbid, but declined to share any details.

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