Tom Ford just capped off 2024 with a jaw-dropping move that’s turning heads in the real estate game. The iconic fashion designer snagged a stunning London manse for a whopping £80 million—about $104 million, according to Bloomberg.
This isn’t just any purchase; it’s the biggest residential deal in the UK this year. And let’s be real: London’s luxury market has been in the dumps, largely thanks to looming tax hikes hitting wealthy expats.
Insiders—who aren’t exactly supposed to be spilling the beans—reveal that Ford has set his sights on a “white stucco-fronted mansion” in the ritzy Chelsea neighborhood, right by Hyde Park and the River Thames. Details are still under wraps, but word is he locked in this off-market gem over the summer. To put it in perspective, the previous owner picked it up for around $20 million (£16 million) nearly two decades ago. Now that’s a serious appreciation play!
Tom Ford isn’t just finishing 2024; he’s closing it out with a bang. The fashion mogul just added a jaw-dropping £80 million (around $104 million) London mansion to his real estate arsenal, according to Bloomberg. This isn’t just a purchase; it’s the biggest residential deal in the UK this year. While the luxury market has been cooling off—thanks to looming tax hikes for wealthy expats—Ford is doubling down, proving that when others are retreating, he’s charging ahead.
Insiders, who can’t spill all the details, say Ford snagged a stunning white stucco-fronted mansion in Chelsea, right by Hyde Park and the River Thames. He closed on this off-market gem over the summer, and the previous owner? They paid just $20 million for it two decades ago. Talk about an upgrade!
With this latest acquisition, Ford’s real estate portfolio now sits at a staggering $300 million, as reported by The Times. This Texas-born powerhouse has plenty of cash to play with after cashing in on his fashion label, selling it to Estée Lauder for a mind-blowing $2.8 billion in 2022. With one less company to juggle and a net worth that’s ballooning, Ford is on a mission to revamp his property game.
Before landing this Chelsea masterpiece, he sold his historic John Nash-designed mansion in Regent’s Park for a hefty sum. And let’s not forget his recent trophy buys: a $55 million Florentine-Romanesque estate in Palm Beach and Jacqueline Kennedy Onassis’s childhood summer home in the Hamptons for $52 million. Ford’s not just in the game; he’s redefining it.
