Billionaire fashion designer Tom Ford recently broke a record in the United Kingdom for the priciest home sale, purchasing a London mansion worth $104 million.
The mansion is located in London's posh Chelsea neighborhood. That said, there were very few details about the mansion and the deal. The exact whereabouts of the home have not been publicized, but it is said to be a "white stucco-fronted mansion in a garden square" near Hyde Park and the north bank of the River Thames.
The home is also said to have been purchased by its previous owner for $20.6 million nearly two decades ago, as first reported by British newspaper The Times.
It was said that the designer rushed to close the deal ahead of the British government's new budget policy, which raised taxes on homes purchased at a certain price point.
Ford's Recent Sale
The publication noted that Ford's purchase of the London mansion came months after he sold one of his properties in the neighborhood of Regent's Park. That home was sold for eight figures.
It is unclear who purchased the designer's Regent's Park home. No other details about that deal were made public.
Ford's purchase in London is considered the most expensive home sale in the UK so far this year. It also comes as London is experiencing a slump in the number of deals closed in the luxury real estate market in 2024.
Ford's Other Real Estate Properties
The London pad is the latest addition to Ford's expansive international real estate portfolio, valued at over $300 million.
In August last year, Ford bought the Hamptons estate of former First Lady Jacqueline Kennedy Onassis for $52 million. The seven-acre property is known as the place where the former first lady spent her childhood summers.
The designer also owns a luxurious property in Palm Beach that he purchased for $51 million in an off-market deal. Its price tag made it the largest non-waterfront sale in Palm Beach's history. It was previously owned by financier Rob Heyvaert, who paid $35.8 million to the original owners in 2021.
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