Tom Ford Buys £80 Million Mansion in Chelsea

Fashion designer Tom Ford has made headlines by purchasing a luxury mansion in Chelsea, London, for £80 million, marking it as the UK's most expensive property deal of the year. This acquisition adds to Ford's expansive real estate portfolio, which now totals approximately £270 million since selling his fashion brand to Estée Lauder for £2.2 billion. The property features nine bedrooms and luxurious amenities, including a swimming pool and cinema. Ford's timely purchase allowed him to save around £1.6 million in taxes, as it was completed before a planned increase in stamp duty for second homes. Real estate experts have noted a surge in American buyers in London, motivated by concerns over potential tax increases and political uncertainties in the U.S. Ford's acquisition reflects a broader trend among wealthy buyers rushing to secure luxury properties before new financial regulations take effect.