Jay Z and Beyonce got outbid again in their search for an L.A. home … this time designer/director Tom Ford beat them out.
Our real estate sources tell us … Tom offered $50 million on a Beverly Hills mansion … he edged out Jay and Bey, who bid $49 mil.
The estate is awesome … 14,000 square feet, sitting on 3.2 acres and has 9 bedrooms, and 10 bathrooms. It was built in 1934 and owned by the rich and famous, including actor William Powell and ‘James Bond’ producer Albert Broccoli. The house is in escrow.
Continue reading [HERE].
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