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Tom Ford Outbids Jay Z And Beyoncé On Insane Beverly Hills Mansion

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Jay Z and Beyoncé at last year's Met Ball. (Photo by Mike Coppola/Getty Images)
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Poor Beyoncé and Jay Z have been outbid on another insane mansion, this time by fashion designer Tom Ford. Come on L.A., this is no way to welcome our city's favorite transplants!The newly-reputable source known as TMZ reports that Tom Ford is now in escrow on the cozy 9-bedroom, 10-bath Beverly Hills estate, which was built in 1934 and previously owned by old Hollywood star William Powell and 'James Bond' producer Albert Broccoli. According to TMZ, Tom Ford offered $50 million to Jay and Bey's $49.

America's couple was previously outbid by Minecraft creator Markus Persson on an even more insane house in 2014.

Weirdly, Jay Z actually had a song praising Tom Ford on his 2013 album Magna Carta. To further the coincidence, Magna Carta wasn't even the first time Jay referenced Ford in lyric: "This is truffle season. Tom Ford tuxedos for no reason," he rapped on Justin Timberlake's song "Suit and Tie."

Tom Ford for no reason, indeed.