An American fashion designer cum film director, Tom Ford, has outbid Jay Z and Beyonce from acquiring their new dream LA home. According to TMZ, Tom Ford offered $50million for the Beverly Hills mansion in LA while Jay Z and Beyonce offered $49million. The mansion is of 14,000 square meters, sitting on 3.2 acres, has 9 bedrooms and 10 bathrooms. The mansion was built in 1934 and owned by the rich and famous William Powell.
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