tom ford beyonce jay z

Tom Ford, Beyoncé and Jay-Z at the Tom Ford fashion show in Los Angeles

*Jay Z and Beyonce were outbid again in their attempt to secure a Los Angeles home – this time from designer Tom Ford, whose name ironically doubles as the title of a Jay Z song.

Per TMZ:

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.

You’ll recall Jay Z and Beyonce lost out on another home back in 2014 … the one purchased by Minecraft creator Markus Persson.