Tom Ford is closing out 2024 by adding a record-breaker to his real estate portfolio. The American fashion designer snapped up a London manse for a staggering £80 million—approximately $104 million, per Bloomberg. Ford’s purchase marks the UK’s biggest residential transaction of 2024; London’s luxury real estate market has been experiencing a decline in sales all year, due in part to upcoming tax increases on homes for wealthy expats in the country.
Sources who weren’t authorized to discuss the transaction told the outlet that the billionaire landed on a “white stucco-fronted mansion” in the city’s affluent Chelsea district, located near Hyde Park and the River Thames. Further details on Ford’s pricey new pad have yet to be revealed, other than that he reportedly closed on the off-market deal over the summer. The previous owner paid approximately $20 million (£16 million) for the property almost 20 years ago.
Ford’s splurge brings the value of his global property collection to $300 million, per The Times. The Texas-born designer and filmmaker has had plenty of capital to work with after selling his eponymous fashion label to Estée Lauder for $2.8 billion in 2022. With one fewer company to manage (and a few more zeros tacked on to his net worth), the newly minted billionaire has been spending his free time making drastic updates to his real estate portfolio.
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Prior to the purchase, Ford reportedly offloaded his longtime home, a historic John Nash–designed mansion in London’s tony Regent’s Park neighborhood, for eight figures. In 2023, he bought Casa della Porta, a Florentine-Romanesque–style landmark estate in Palm Beach, Florida, for $55 million. The 17,400-square-foot mansion was initially designed by architect Maurice Fatio in the late 1920s. Months later, Ford acquired former First Lady Jacqueline Kennedy Onassis’s childhood summer estate, a 8,500-square-foot Hamptons mansion known as Lasata, for $52 million.