$13B. Duke of Westminster Duke of Westminster Hugh Grosvenor, 26, increases wealth by £170million to £9.52billion to maintain title of Britain's youngest billionaire The Duke is … In a rare excursion into private financial matters, the family has revealed to Tatler that the trusts pay the Treasury money in lieu of inheritance tax. Still, one guest who did know all about Hughie was Harriet Tomlinson, a schoolfriend from Ellesmere College. Not just any property empire however. However, other website has different number. 0 comments. Hugh Grosvenor was educated at a local primary school and a small private day school, Mostyn House School, near Eaton Hall, Cheshire. Hugh Duke of Westminster primary income source is Celebrity. Rebecca Cope. Belgrave Drive, the private road leading to the house, was lined with torches, and steak and chips was laid on for 800 guests in a giant marquee. ‘You almost get frightened of going out. Even edging up four places from last year in the master list to number ten, as his wealth increases to a grand total of £10.295 billion. 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. Her romance with the 7th duke inevitably prompts speculation – will she be the next Duchess of Westminster? 'I just really want to tell anybody worried to know that there’s nothing to worry about'. Duke of Westminster and the inherited £10 billion property empire. Tuesday 8 August 2017. He added: ‘The trusts were set up to provide continuity rather than to avoid tax. The duke, members of the Grosvenor family and the trusts pay income tax and capital gains tax at the highest marginal rate. The first duke, created by Queen Victoria in 1874, was MP for Chester for more than 20 years and built an enormous house near Eccleston, complete with a clock tower modelled on Big Ben. Hugh Grosvenor now Duke of Westminster, 2013. Hugh Grosvenor, The Duke of Westminster, inherited and took over the family’s property business when Gerald Cavendish Grosvenor passed on. He went to court and forced Westminster to stick to the original agreement. Picture: PA. Hugh Richard Louis Grosvenor, 7th Duke of Westminster (born 29 January 1991), styled as Earl Grosvenor until August 2016, is a British aristocrat, billionaire, businessman and landowner. 2016 Billionaires NET WORTH. Gerald Grosvenor was something of an accidental duke in that his father had inherited the title from a brother who, in turn, had succeeded a childless cousin. Bio-Bean’s Coffee Logs sell for £15.99 per bag on Amazon and burn with a pleasant coffee fragrance – ideal for the discerning woodstove owner. Yet they would have been disappointed, for one looks in vain for signs of profligacy or even a playboy lifestyle. Jordan Stephens, one half of the duo, has given an intriguing insight, describing Hughie as ‘a really nice kid – it was mad seeing him in that space because the best thing about doing his 21st was that, amidst all this money and that heritage, he was so not like that. Fortune hunters were urged by tabloids to beat a path to his door. Net Worth $12.9 Billion Profession Businessman Where Did The Net Worth Come From? He hated school and left with two O-levels. This site uses cookies to improve your experience and deliver personalised advertising. The Duchess and 6th Duke of Westminster with their daughters Lady Edwina and Lady Tamara, 1984. According to Hugi Clarke, a director of the Foresight Group, an estate-planning firm, this means that the duke and his family receive the benefits but have no ‘absolute right’ to the assets. Photo Source: Bloomberg. 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. And when families on his estates were hit with bills from the Thatcher government’s poll tax, Gerald Grosvenor paid them. Already an officer in the Territorial Army, he continued to serve with it, retiring in 2012 with the rank of major-general. Why the Duke of Buccleuch has finally agreed to return his Rembrandt to view, Dame Joan Collins urges others to get the Covid-19 vaccine, Ann Getty, glamorous publisher and devoted arts patron, dies at 79, Why Mackenzie Scott, Jeff Bezos’s ex-wife, has given away $4.2 billion in four months. Hugh primary income source is Celebrity. Duke of Westminster net worth. Gerald Cavendish Grosvenor, the 6th Duke of Westminster and Britain's wealthiest landowner, died at age 64 on August 9, 2016. ‘You can’t talk to anybody,’ he recalled. 9. ‘It saddens me,’ he notes. 5 Hugh Richard Louis Grosvenor is to inherit his father's billion-pound fortune, despite not being his parents' eldest child. The Grosvenor Group is a global empire estimated to have over $15 billion in assets under its management. The 7th Duke of Westminster, Hugh Grosvenor, arriving for a memorial service to celebrate the life of his father, the sixth Duke of Westminster at Chester Cathedral, Chester. 08 Aug 2017. ‘This land,’ he once said, ‘has been in our family for the last 900 years and it will, hopefully, continue to be in the family for the next 900 years.’ He fought for most of his life to ensure the future wealth and health of his line. He has been prepared all his life to inherit his Dukedom and the property empire that comes along with. Now it operates like a hard-nosed multinational.’. The 26-year-old's wealth largely … Annabel Sampson, The ex-wife of the richest man in the world is a committed philanthropist and signed the Giving Pledge last year, Rishi Sunak has revealed the £1,750 Peloton bike is his solution to keeping fit from home - as well as a fondness for the treadmill. He became Duke of Westminster on 9 August 2016, on the death of his father Gerald Grosvenor. The 6th duke (then Gerald Grosvenor), 1958. By Before a … The house was pulled down in the Sixties and replaced with a modern building. He said later that he went into a ‘black hole’, suffering all the horrors of chronic depression. Hugh is close friends with the Duke and Duchess of Cambridge and the youngest of Prince George's godparents. ‘Great fun and hardworking’ is how one colleague describes her. The tax was, he said, ‘insufferable’. He currently has a net worth of $12.7 billion – an estimated £10.1 billion, according to the Sunday Times Rich List. Estimated Net Worth in 2019: $100K-$1M (Approx.) He is the son of the 6thDuke of Westminster named Gerald Grosvenor and Natalia Phillips. Lady Charlotte Wellesley: Net worth — £3.8 billion ($4.99 billion). Hugh Grosvenor, 7th Duke of Westminster, wears his wealth well. Currently We don’t have enough information about his family, relationships,childhood etc. As per our own metrics, Lord Hugh Grosvenor estimated net worth is $7 Million. News on all your favorite celebs, reality TV, and movies. The influence of the Grosvenor family in England dates back to the 17th century when Richard Grosvenor became baroness of Eaton in 1622. The 29-year-old is ranked No. In 1999, the chainsmoking, tireless duke (he was always up before 5.30am) suffered a mental breakdown. Hugh is the 7th e Duke of Westminster. His father Gerald Grosvenor had surgery to remove a … Grosvenor inherited his money and title from a 400-year-old trust established by a group of very distant and very wealthy parents. Welcome to Tatler. Its spokesman said there had been a fundamental misunderstanding of the issue. Fortune hunters were urged by tabloids to beat a path to … How will the spa experience change in a post-Covid world? If so, home will be Eaton Hall, set in 11,000 acres near the village of Eccleston, an estate awarded to a Grosvenor ancestor by William the Conqueror. Part of the 1937 deal was a clause stipulating that the properties should be affordably rented to ‘the working classes’. Hugh’s family began its path to mightiness when Sir Thomas Grosvenor married a woman who came with around 500 acres of swamps, orchards and pasture back in 1677. Assisted by handpicked professionals, his late father ran the Grosvenor business for many years, but so far the 7th duke seems happy to let his dad’s team get on with it. He inherited the title of Duke of Westminster on 9 August 2016, on the death of his father, Gerald Grosvenor. Harriet, 26, has been Hughie’s on-off girlfriend for more than a decade. With the title came a fortune of more than £9 billion. Net worth: £425 million Age: 61 Townshend is the only other person, other than the Queen, to be allowed to own swans. Certainly, the Grosvenors were stung by comments suggesting their trust arrangements were a way to avoid inheritance tax, which, on the Grosvenor fortune, might have run to billions when the 6th duke died. Hugh Grosvenor, 7th Duke of Westminster, wears his wealth well. A lot of people at the party I talked to were, like, “This is crazy” and “Yeah, I just sat next to him in science and I had no idea.”’ Such personal suppression must have taken some psychological effort. It would probably also have saddened Gerald Grosvenor, who believed in fairness. According to a Grosvenor Estate insider, Hughie is a frequent visitor to the Tomlinson home, where there’s a motorboat on a river mooring. In 1979, aged 27, he succeeded to the dukedom in the wake of a decade-long property crisis. Annabel Sampson. The Grosvenor Group has land holdings that include more than 1,500 properties in 60 countries. He took countryside management at Newcastle University and graduated in 2013 with upper second-class honors. Could Bridgerton’s Regé-Jean Page be the next Bond? This may be a good idea. This episode of Riverdale was originally intended to be part of the show’s fourth season, but due to production of the series due to the COVID-19 pandemic last year, this episode is now part of the upcoming fifth season, serving to conclude the events of the fourth season. Susan D'Arcy, ‘Only occasionally true’: Fact-checking ‘The Great’, Channel 4’s fabulous new biopic of Catherine the Great. We will update soon. In London, it owns 50 per cent  of Mayfair (including the freeholds of the American embassy, the Beaumont Hotel and the Gagosian Gallery) and 300 acres of Belgravia. The Prince of Wales, a close friend of the family, called it, rather sniffily, ‘the inn on the park’. One of its commercial leaseholders tells Tatler: ‘When the late duke had an active role, the Grosvenor Estate was more of a patrician landlord. The house is filled with treasures acquired over the centuries; the art collection includes work by Rembrandt, van Dyck, Stubbs and Gainsborough. He once said of his son and heir: ‘He was born with the longest silver spoon anyone could have, but he can’t go through life sucking it.’, He’s stolen our hearts as the dashing Duke of Hastings in the hit period drama – and now it’s rumoured that Page is in the running to be the next 007, By The answer, on the present evidence, is no. When his father, Gerald Grosvenor, 6th Duke of Westminster died last 11.August 9, 2016, Hugh inherited the title of Duke of Westminster. A fresh take on sports: the biggest news and most entertaining lists. Hugh Grosvenor is a British aristocrat and heir with an estimated net worth of $12.4 billion as of April 2019. Perhaps the public exposure that is inevitable when one runs a multinational did not appeal. Hugh … The royal family resides at Eaton Hall, Cheshire, and a… 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 Duke of Westminster Grosvenor Net Worth. Hugh Grosvenor seems to have decided to chisel out his own niche, having perhaps learnt the lesson of his father’s breakdown. The family firm, already one of the biggest players in international property, soared ever upwards. Rex Features. Hugh Grosvenor is the 7th Duke of Westminster and the godfather to Prince George, son of the Duke and Duchess of Cambridge. Hugh Grosvenor was educated at a local primary school and a small private day school, Mostyn House School, near Eaton Hall, Cheshire. He joined the estate’s graduate programme and worked in the business’s key areas, but seems to have decided against making a career there. 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. The family's $13.32 billion fortune that comes with the title, is primarily made up of land ownership. By Keith Dovkants. In Westminster, London, England, Hugh Richard Louis Grosvenor was born in the year 1991 (age 29 years; as in 2020) of 29th January. He spent his early childhood in Northern Ireland and was sent to Harrow, where his Ulster brogue chimed poorly. Trusts ensure continuity, and most rich families use them – the Rothschilds are said to have a series of them controlling more than £40bn. Currently there are seven trustees, including the duke. He has declined, so far, to take up the role of chairman of the trustees, a post traditionally held by the head of the family. He had hoped for a career in the regular Army but knew he had to devote himself to saving the family’s fortune. Grahame and his wife, Louise, 55, live in a Victorian house on the banks of the River Dee in Chester, where Harriet and her sister Grace, 23, grew up. Hugh Richard Louis Grosvenor was born on January 29, 1991 in London, England. But after he stood down, it seemed to want to turn itself into a major property company. 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