William Ding Net Worth: Buyer Of Elon Musk's Mansion Is Worth $26 Billion

William Ding’s net worth is $26 billion. With his massive wealth, it is no surprise that he can afford to acquire Elon Musk’s multimillion mansion.

Musk put up his Bel Air estate for sale and claims he will no longer own a house. His mansion has many features such as a tennis court, fire pit, pool and a fruit orchard, among others. The Tesla CEO bought the property for $17 million in 2012 and experts estimate its value now at $19 million, per FOX Business.

The mansion, which boasts seven bedrooms and 11 bathrooms, was originally listed for $30 million on Zillow before it changed to $1. However, William Ding became its new owner after splurging $29 million to buy the 1.67-acre property.

Ding owns Chinese tech firm NetEase. The Ningbo, Zhejiang native started his career working for the government as an engineer but later shifted to the technology company called Sybase. He then founded NetEase which has the website 163.com. The site became one of the most visited websites in 2005 because of its partnerships with gaming applications.

According to Celebrity Net Worth, NetEase now has over 6,000 employees, catapulting Ding to one of the most successful businessmen and richest people in China. Jack Ma remains the cash king in China with $38.2 billion net worth.

Some of the brands NetEase collaborated with are Blizzard Entertainment and Mojang. The company is facing immense pressure from rival Tencent but managed to leverage its success to new ventures in movies, online music and e-commerce.

The success of the University of Electronic Science and Technology of China alumnus paved the way for future Chinese businessmen to make it big in the internet gaming industry.

Ding owns 44 percent of NetEase. His shares are made up of combined American depositary and ordinary shares. The 48-year-old was ranked 51st in the 2020 Forbes ’ billionaires list and was on the 8th spot in the 2019 China Rich List.

On the other hand, Musk has started giving away his other possessions. He listed four Los Angeles homes which carry a price tag of around $62.5 million. The billionaire’s other property in Bel Air is the former home of Willy Wonka & The Chocolate Factory" and "Young Frankenstein” actor Gene Wilder. He paid $6.75 million in 2013 to buy it. Now that it is up for sale, Musk has only one condition: it must not lose its identity nor be torn down, as reported in an article from FOX Business.