5 Hugh Grosvenor, The Duke of Westminster, inherited and took over the family’s property business when Gerald Cavendish Grosvenor passed on. This article is a short piece about Hugh Grosvenor who is the latest Duke of Westminster. The Prince of Wales, a close friend of the family, called it, rather sniffily, ‘the inn on the park’. There is a shopping centre in Stockholm, a residential tower in Tokyo, a large chunk of Silicon Valley and all of Annacis Island, near Vancouver. In addition, the trusts pay tax every 10 years based on the value of the assets in lieu of inheritance tax. The house and estate are not normally open to the public, but the gardens are open on four days a year to raise money for charity. Duke of Westminster and the inherited £10 billion property empire. Part of the 1937 deal was a clause stipulating that the properties should be affordably rented to ‘the working classes’. Lady Edwina, an energetic campaigner for prison reform, is married to Dan Snow, the television presenter and historian, who cheerfully admits that his wife’s money means he doesn’t have to ‘grind it out’ with extra work such as speaking engagements, as many of his peers do. He inherited the title and the family business worth £10 billion, but an exclusive Tatler investigation can reveal that the Duke of Westminster has almost no control over the wealth that defines him, By He installed video-conferencing facilities at Eaton Hall to allow essential meetings with executives, and, by his own account, recovered. The 7th Duke of Westminster, Hugh Grosvenor, arriving for a memorial service to celebrate the life of his father, the 6th Duke of Westminster, in November 2016. The Grosvenor Group has land holdings that include more than 1,500 properties in 60 countries. Then he cut down drastically on his involvement with the Grosvenor business, something he clearly felt sensitive about: ‘I don’t expect people to understand the pressures of my life,’ he said. Jeff Farrell. ‘You can’t talk to anybody,’ he recalled. The duke, members of the Grosvenor family and the trusts pay income tax and capital gains tax at the highest marginal rate. But Grosvenor Estate Holdings became very much his day job. He is the only brother to 3 sisters named Lady Tamara Katherine Grosvenor, Lady Edwina Louise Grosvenor and Lady Viola Georgina Grosvenor. The company is currently working on technology to turn coffee grounds into a fuel for cars and lorries, prompting an in-house joke: ‘Wake up and smell the diesel.’ The fact that the duke has opted to do a regular job comes as no surprise to his friends. Her romance with the 7th duke inevitably prompts speculation – will she be the next Duchess of Westminster? The Grosvenor Group is a global empire estimated to have over $15 billion in assets under its management. When he inherited his late father’s fortune of around £9.5bn last summer, he was variously described as Britain’s fifth richest man and the richest man in the world under 30. Perhaps the public exposure that is inevitable when one runs a multinational did not appeal. This may be a good idea. Fortune hunters were urged by tabloids to beat a path to … The duchess and 6th duke with Ladies Edwina and Tamara at Eaton Hall, (pre-makeover), 1984. He currently has a net worth of $12.7 billion - an estimated £10.1 billion, according to the Sunday Times Rich List. Among the guests was Prince Harry, an old friend (like his late father, the duke is close the Royal Family; he is one of Prince George’s godparents). Indeed, when Hughie’s father threw a showy 21st-birthday bash (rumoured to have cost £5m) for him, many of his friends were shocked at the size and opulence of his family home. 9. Could Bridgerton’s Regé-Jean Page be the next Bond? While with the said school, Grosvenor awarded Full Colours in Football and obtained a BTEC First Diploma in Public Services with Distinction for the school's Combined Cadet Force. Hugh assumed the title of Duke of Westminster following the death of his father, Gerald Grosvenor, the sixth Duke, last August, aged 64. The Duchess and 6th Duke of Westminster with their daughters Lady Edwina and Lady Tamara, 1984. Hugh Grosvenor is a British aristocrat and heir with an estimated net worth of $12.4 billion as of April 2019. He pitched in, working closely as chairman with the executive trustee, a savvy property man called Jimmy James. 2016 Billionaires NET WORTH. Harriet did a teaching degree at Cardiff University but for the past two years has been a consultant with the City recruitment firm Deverell Smith. Hughie and Harriet would take the boat along the river, through Chester and then south to the Eaton Estate and Hughie’s home, the source said. Hugh Duke of Westminster Grosvenor Net Worth. As per our own metrics, Lord Hugh Grosvenor estimated net worth is $7 Million. The answer, on the present evidence, is no. It has the family’s Eaton Estate in Cheshire and the Abbeystead Estate in Lancashire. Estimated Net Worth in 2019: $100K-$1M (Approx.) Oh, and by the way ladies, he's single. Hugh Duke of Westminster primary income source is Celebrity. By They are led by executive trustee Mark Preston, who is also day-to-day boss of the empire, and they would be very unlikely to agree to anything that could jeopardise the Grosvenors’ financial wellbeing. Hugh Grosvenor, 28, the Duke of Westminster, is the world's richest person under the age of 30 after he inherited £9.3billion and his father's title after dying three years ago. 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