Tom Ford just outbid Beyoncé and Jay Z for this mansion

 Tom Ford recently purchased a luxurious Beverly Hills mansion for a whopping $50 million USD (approximately $72 million NZD).

It is rumoured that Beyoncé and Jay-Z also bid on the property, offering $49 million. They lost out to the designer, who walked away with the nine bedroom and 10 bathroom estate. The mansion was built in 1934. Other famous owners include William Powell and James Bond producer Albert Broccoli.

Ironically, Jay Z is famously fond of the designer, who he even named a song after. Perhaps not anymore. 

Check out images of the mansion below:

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