5 November 2024
Tom Ford has splashed £80 million on a luxury abode in London's affluent Chelsea.
Tom Ford has bought up a luxury Chelsea mansion for £80 million
The US billionaire fashion designer, 63, is said to have purchased the property for the staggering sum - which is believed to be one of the biggest real estate sales in the British capital this year, Bloomberg reports.
The property boasts nine bedrooms, a swimming pool, cinema, and a unique glass lift.
The former Gucci and YSL creative director is reported to have sold a property in nearby Regent’s Park for an eight-figure sum.
Ford - who previously owned a home at The Boltons in Chelsea - managed to save himself a whopping £1.6 million in tax as the sale took place before Britain's Chancellor of the Exchequer Rachel Reeves announced the Labour government was upping stamp duty on second homes in her controversial budget last week.
Last year, the filmmaker paid a whopping $52 million on Jackie Kennedy Onassis' childhood home.
The fashion muse - who sold his eponymous fashion label to Estée Lauder Cos. in a deal valued at around $2.8 billion - bought the Hamptons home from media producer David Zander.
The house sits on seven acres of land, just blocks from the Atlantic ocean and was originally listed for $55 million.
It was designed by architect Arthur C. Jackson and completed in 1917 and includes an eight-bedroom main home featuring tall casement windows, beamed ceilings.
The compound also includes a two-bedroom guesthouse, caretaker’s cottage, pool house and three-car garage with a workshop, along with a flower meadow.
Zander bought the property from retail executive Reed Krakoff and his wife Delphine for $24 million in 2018.
He made substantial renovations during his five years of ownership, including revamping the interiors and rebuilding parts of the exterior.
He previously told The Wall Street Journal: "Every time I think there’s a spot in the house that I love the most, I go and sit somewhere else and I love that the most."
Back in the 1920s, the property was known as Lasata—a Native American word meaning “Place of Peace”—and owned by the former First Lady’s paternal grandfather John Vernou Bouvier Jr.
The home is believed to be where Onassis would often spend her summers as a child.
English (US) ·