after billion greenback gross sales After launching his eponymous model final 12 months, Tom Ford simply cashed in one other expensive deal, shopping for one thing he is notably nicely versed in: actual property.in keeping with wall avenue journalFord paid a whopping $52 million for a historic house within the seaside city. Nevertheless it’s not simply any property. It was previously the childhood summer time house of former first woman Jacqueline Kennedy Onassis when it was owned by her grandfather, John Vernou Bouvier Jr.
Constructed by architect Arthur C. Jackson in 1917, this 8,500-square-foot mansion sits on a powerful seven acres. The household named the mansion La Sata, which implies “place of peace” in Algonquian, the area’s native language. The Bouviers bought the house in 1925 and it rapidly turned a summer time oasis for Jackie from beginning in 1930 till about 12 years previous.
Jackie O and Ford aren’t the one trend moguls with ties to the property. In 2006, former Coach inventive director Reed Krakoff and his spouse Delphine bought it for $20 million. architectural abstracts, the couple undertook a significant renovation of the mansion whereas nonetheless sustaining its authentic Arts and Crafts aesthetic. The property was most not too long ago owned by producer David Zander, who bought it in 2018 for $24 million.
The worth Ford paid for the 10-bedroom, 13-bathroom mansion could appear excessive. However the designer has confirmed his mastery of the actual property world all through his profession. Along with his model on sale, he has some (nicely, quite a bit) of additional cash to spend.
December 2022, age 61 purchased A Palm Seaside mansion offered for $55 million, setting a report for the biggest non-beachfront public sale within the island’s historical past.
Ford’s acquisition of the Hamptons residence marks his second buy of actual property previously owned by American trend royalty. In 2019, he buy Halston’s well-known $18 million Manhattan townhouse has spent a while there since restoring an Higher East Aspect house.
“I principally restored it to the way it was, as a result of it was excellent,” Ford stated on the present. desk for 2 podcast. “I used to be truly in that home once I was 18. I used to be courting a man who labored for Andy Warhol at The Manufacturing unit and we stopped by (most likely 1979) to select up a man , after which I went out. I walked into that home and I used to be like, “Wow. ’ So it’s wonderful that I personal that home now.”
