The London-based business owns 300 acres in the Belgravia and Mayfair neighborhoods, and controlled assets valued at 11 billion pounds ($13.4 billion) on Dec. 31, 2021. This wealth is held in a trust, of which the 7th Duke Grosvenor Estate is nestled in the heart of Shropshire with a 16th Century Tudor house comprising five luxurious en suite bedrooms, adjoining cottages, manicured gardens and acres of open countryside. Gerald Cavendish Grosvenor, the 6th Duke of. Hugh Grosvenor has a fortune of 10.1bn ($13.1bn) after he inherited his family's huge property portfolio following the death of this father in 2016. Technically speaking, he is worth $13.5 billion more than the Queen herself! Grosvenor was born into a wealthy family with an extensive history in the business of property development. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. Bella Eckert, who edited a campus website, says, He seemed like a normal guy.. In 2021 the amount was increased to $2 billion as the company performed its first human-crewed flights and Bezos's share sales accelerated. Hugh Grosvenor is a British aristocrat and heir, and as of Jan 2023, his estimated net worth was $10.6 billion. Their 2020 net worth improved by 0.48 billion when compared to their 10.05 net worth in 2019. Net Worth in 2022. He liberated airlines and trucking and enabled the 1980s-1990s boom. Cargill Inc. was founded by William W. Cargill in 1865 during Civil War, and today there exist 23 family members in the family who have total 88% stakes in the company, and the company generates over $110 billion every year. British billionaire Hugh Grosvenor, the Duke of Westminster, is donating $12.5 million to his country's coronavirus relief efforts -- and that's on top of the $3.1 million he gave last month. Luther's income mostly comes . At present, the business holds property on five continents and reports more than $15 billion in assets under management. It would probably also have saddened Gerald Grosvenor, who believed in fairness. She is from United Kingdom. Grosvenor was born into a wealthy family with an extensive history in the business of property development. [1], As of 2021, the Duke and his family were placed 12th on the Sunday Times Rich List with an estimated net worth of 10 billion. [10][11], Upon his father's death, in August 2016, as well as the peerages, he inherited a wealth then estimated at 9billion, with considerable trust funds for his sisters. 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. And like most British wealth, Grosvenor earned his title the old fashioned way He. You almost get frightened of going out. She is the sister of Hugh Grosvenor, 7th Duke of Westminster; the Duke and his family are estimated to be worth 10.1 billion (US$13 billion), according to the Sunday Times Rich List in May . 2023 Forbes Media LLC. Above the "nil-rate band" - what every individual can leave free of death duties - the value of an estate is taxed at 40pc. Hugh Grosvenor attended Mostyn House School, a tiny private day school close to Eaton Hall in Cheshire, as well as the neighbourhood primary school. [4] According to Bloomberg, the world's 25 richest families control $1.4 trillion (1,400,000,000,000) of wealth.[5]. 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. Net Worth. 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 dads team get on with it. Find out more about how we use your personal data in our privacy policy and cookie policy. 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. While the queen has an estimated personal wealth of US$470 million, the family itself has. Fortune hunters were urged by tabloids to beat a path to his door. It saddens me, he notes. The duke donated several million pounds in April 2020 to support the British governments response to the COVID-19 pandemic and the National Health Service (NHS). He was born and raised in Britain. She is the great-great-granddaughter of the famous Ukrainian Hetman.[5]. Bendor attended Harrow School and then joined Pembroke College. His father was also philanthropic. He succeeded his father, Gerald, 6th Duke of Westminster, as Duke of Westminster on August 9, 2016. The valuation for these assets is based on the net asset value reported in the holding company's financial statements for the year ended December 2021 and adjusted to reflect the exchange rate on Sept. 29, 2022. But what was perhaps most important to the 7th dukes father was the Grosvenor name and the Grosvenor Estate. Also known as Gerald Cavendish Grosvenor. Net Worth in 2021: $1 Million - $5 Million: Salary in 2020: Under Review: Net Worth in . Harriet, 26, has been Hughies on-off girlfriend for more than a decade. The London-based business owns 300 acres in the Belgravia and Mayfair neighborhoods, and. Net worth: $42.9 Billion. Family. The couple has four children three daughters and a son, who is the Duke's heir apparent. Apart from Hughie, the main beneficiaries are his mother, Natalia, 58, usually called Tally the duchess is a direct descendant of George II and remains the Duchess of Westminster until Hugh marries, when she will become dowager duchess and his three sisters: Tamara, 37, who is married to Edward van Cutsem, of the Norfolk landowning family; Edwina, 35; and Viola, 24. Part of the 1937 deal was a clause stipulating that the properties should be affordably rented to the working classes. He studied countryside management at Newcastle University from 2010 to 2013, earning a Bachelor of Science degree with upper second-class honors. The letters patent that created the dukedom provide that the title go to the eldest male heir. By clicking Sign up, you agree to receive marketing emails from Insider Currently there are seven trustees, including the duke. Dan Snow's income source is mostly from being a successful Broadcaster. Popularly known as the Historian of United Kingdom. We, Yahoo, are part of the Yahoo family of brands. - Net Worth He has an estimated net worth of $11.6B. The USTA has announced that there's been a 90% increase in the number of tennis players of Hispanic/Latino descent, a 46% increase in the number of Black tennis players, and a 37% increase in the number of tennis players of Asian and Pacific Islander descent. He joined the estates graduate programme and worked in the businesss key areas, but seems to have decided against making a career there. Il tire son nom d'un ancien domaine de la cit de Westminster, correspondant l'actuel quartier de Belgravia.. Sous George III, sir Richard Grosvenor, 7 e baronnet devient baron Grosvenor (1761) puis vicomte Belgrave et comte . Early History of the Grosvenor family. William D. 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He said later that he went into a black hole, suffering all the horrors of chronic depression. He pitched in, working closely as chairman with the executive trustee, a savvy property man called Jimmy James. Grosvenor, the seventh Duke of Westminster, controls Grosvenor Group, a British real estate company. Ideal for special occasions such as weddings and parties. Hugh Grosvenor seems to have decided to chisel out his own niche, having perhaps learnt the lesson of his fathers breakdown. Instagram: biographyscoop. as well as other partner offers and accept our. At the time of his passing, he ranked as the 114th wealthiest person in the world. The list includes 110 single family offices, thereof 80 with e-mail address, 73 with executive names. He then attended Ellesmere College in Shropshire, from 2000 to 2009. Hugh Grosvenor, n le 29 janvier 1991 Londres, est un noble britannique, duc de Westminster depuis le 9 aot 2016. He was baptised into the Church of England on 23 June 1991. He spent his early childhood in Northern Ireland and was sent to Harrow, where his Ulster brogue chimed poorly. The house is filled with treasures acquired over the centuries; the art collection includes work by Rembrandt, van Dyck, Stubbs and Gainsborough. So, how much is Benjamin Grosvenor worth at the age of 30 years old? Stakes in publicly traded companies are valued using the share's most recent closing price. The action you just performed triggered the security solution. He was editor from 1970 to 1980, and today he deals with the financial legacy of the Geographic -- cash flow beyond the dreams. At the tender young age of just 25, Hugh Grosvenor not only just inherited the bulk of a fortune somewhere in the neighborhood of 8.3 billion but the title of the 7th Duke of Westminster. And despite inheriting the vast fortune, he reportedly did not have to pay billions ininheritance taxesas much of his empire was passed down through family trusts. Access your favorite topics in a personalized feed while you're on the go. The value of the family's cash investments is based on an analysis of dividends, insider transactions, taxes and market performance. Britain's Duke of Westminster Gerald Cavendish Grosvenor /TOBY MELVILLE/AFP/Getty Images. Cousins include photographer Patrick Lichfield and Louis Waymouth, who. More recently, the duchess oversaw a complete makeover that gave Eaton Hall the look of a French chateau set among formal gardens. 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. Celebrates 21st birthday with Prince Harry and 800 guests at Easton Hall. His son, Hugh, a godfather to Prince George, will assume the dukedom. Hints and clues to help you with today's Wordle. Through Grosvenor Food & Agtech, the family also owns stakes in Realty Insurances, a dairy farm and the UK's largest bull stud operation. He became Duke of Westminster on 9 August 2016, on the death of his father Gerald, 6th Duke of Westminster. He added: The trusts were set up to provide continuity rather than to avoid tax. As a duke, he ranks highly in the order of precedence in England and Wales. Gerald Cavendish Grosvenor was born in 1951 to Robert George Grosvenor, the 5th Duke of Westminster and the Honorable Viola Maud Lyttleton. [13][14][15][16], Little is publicly known about the duke's personal life. Bloomberg reporting. 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. HIs staggering net worth places him far above Queen Elizabeth II, who is said to be worth at least. However, his reputation took a bit of hit when he became embroiled in a salacious scandal involving prostitution. The tax was, he said, insufferable. But there are several aristocrats who havemore. He was the world's richest person aged under 30. The Queen is the 16th richest member of the titled nobility in Britain and actually only the joint 329th wealthiest person in the UK, according to the Sunday Times Rich List. Now they are closer than ever, it seems, having taken a romantic holiday earlier this year in California, where they stayed at a luxury resort. The Cargill Macmillan Family. 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. . He inherited his title, the family estate and an 8.3 billion fortune following the death of his father, Gerald Cavendish . He had hoped for a career in the regular Army but knew he had to devote himself to saving the familys fortune. He went on to Newcastle University and gained a 2:1 in agriculture, becoming the first Duke of Westminster to secure a degree. He studied countryside management at Newcastle University before working in his family's real estate business. The 6th duke (then Gerald Grosvenor), 1958. The house was pulled down in the Sixties and replaced with a modern building. This makes him a thoroughly modern duke the theoretical head of a vast family concern, but also his own man. Great fun and hardworking is how one colleague describes her. The seventh Duke of Westminster, Hugh Grosvenor, is the wealthiest man in the North West. Lady Tamara Katherine Grosvenor (married Edward van Cutsem, son of Hugh van Cutsem) and Lady Edwina Louise Grosvenor are his elder sisters (married TV historian Dan Snow). Estimated Net Worth in 2019: $100K-$1M (Approx.) He is seen as one of the most successful Historian of all times. In 1677 his ancestors first purchased 500 acres of "swamp, pasture, and orchards" in England, according to Grosvenor Group, the family's company. This website is using a security service to protect itself from online attacks. The Duke and his family are estimated to be worth 10.1 billion (US$13 billion), according to the Sunday Times Rich List in May 2019. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Click to reveal Salary in 2022. 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. We have estimated Lady Edwina Grosvenor's net worth, money, salary, income, and assets. -, Last edited on 25 February 2023, at 07:58, Gerald Grosvenor, 6th Duke of Westminster, British government response to the COVID-19 pandemic, "Hugh Grosvenor: How the richest man in the world under 30 stays normal", "Descendant Of Pushkin And The Romanovs Becomes World's Youngest Billionaire", "Lady Edwina Grosvenor's fight for prisoners", "Inheritance tax: why the new Duke of Westminster will not pay billions", "How the Duke of Westminster dodged IHT MoneyWeek", "Inheritance tax, and how the Dukes of Westminster avoid it on their 9bn fortune", "Duke's 9bn inheritance prompts call for tax overhaul", "Hugh Grosvenor: Meet the 22-year-old, baby-faced, absurdly rich godparent to Prince George", "Prince George christening: profiles of the godparents", "Prince George's godfather, billionaire Duke of Westminster, gave $15.6M to UK coronavirus relief charities", https://en.wikipedia.org/w/index.php?title=Hugh_Grosvenor,_7th_Duke_of_Westminster&oldid=1141480856, This page was last edited on 25 February 2023, at 07:58. The latter is a philanthropist and prison reformer who co-founded The Clink Restaurants. He currently has a net worth of $13.32 billion, which he inherited when his father died, alongside his title and estates in Belgravia and Mayfair. Lady Grosvenor's godmother was Diana, Princess of Wales. We will update soon. The letters patent that established the dukedom stated that the title will pass to the eldest male heir. The duke and Harriet split as an item more than a year ago but got back together after the death of his father. However, his net worth could be closer to $28 billion (22.7bn) according to Asia Tatler. He is from UK. Is that the kind of environment Hughie, the 7th duke, wants to work in? Real estate, textile mills, spirits, inheritance, banking, energy, Hans Duisik, Maurizio Tott, Helga Dujsik, Christian Hfer, This page was last edited on 3 March 2023, at 16:03. Property correspondent Mira Bar-Hillel says: The duke had the most amazingblue eyes and he seemed to radiate kindness. [17] However, in October 2013, he was named a godfather to Prince George. Majority of Benjamin's money comes from being a pianist. His real name is Hugh Richard Louis Grosvenor. In 1979, aged 27, he succeeded to the dukedom in the wake of a decade-long property crisis. One of the UK's wealthiest men, the Duke of Westminster, has pledged 12.5 million ($15,609,675) to COVID-19 relief efforts. Now it operates like a hard-nosed multinational.. Hugh Grosvenor, 7th 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. 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. In October 2013, however, he was named a godfather to Prince George of Cambridge. With a net wealth of 10.054bn, according to the Sunday Times, he and his family rank as the 12th richest in the UK. Indeed, when Hughies 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. The Sunday Times Rich List recently ranked the seventh Duke of Westminster as number one in its Young Rich List - for the under 30s - and 10th overall. The Duke of Westminster is a title created by Queen Victoria in 1875 to be given to Hugh Grosvenor, 3rd Marquess of Westminster. 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 Richard Louis Grosvenor is also descended from Zaporizhian Hetman Petro Doroshenko via Natalia Nikolayevna Goncharova. Benjamin Grosvenor Net Worth His net worth has been growing significantly in 2021-2022. Mayfairs development began in 1720, Belgravias in the 1820s. Luther Grosvenor's income source is mostly from being a successful Actor. He is 31 years old as of 29 January 2022. Benjamin Grosvenor's mother's name is unknown at this time and his father's name is under review. Its spokesman said there had been a fundamental misunderstanding of the issue. In the Fifties, the Grosvenor family placed their main assets in a series of trusts to protect the estate from spendthrift heirs, disastrous divorce and other threats. In recent years, hundreds of jet setting millionaires and billionaires have flocked to the UK to escape fluctuating governments and escalating overseas tax rates. 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. Hi Estate is located in the heart of Shropshire, and it features a 16th Century Tudor house with five luxurious en suite bedrooms, adjoining cottages, manicured gardens, and acres of open countryside. Gerald's family trust owns 190 acres in Belgravia, where homes can sell for $150 million a piece. At the time of his passing, he ranked as the 114th wealthiest person. Why Hugh Grosvenor's net worth is so huge, as he donates 12.5m to NHS charities . Gerald Cavendish Grosvenor, the 6th Duke of Westminster and Britain's wealthiest landowner, died at age 64 on August 9, 2016. 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. His father, the former Duke, died aged 64 in 2016, bequeathing the Grosvenor title and the family property empire to younger Hugh (primogeniture giving him precedence over his two older sisters). Then he cut down drastically on his involvement with the Grosvenor business, something he clearly felt sensitive about: I dont expect people to understand the pressures of my life, he said. There were strikes everywhere, inflation was running at up to 26 per cent and the estate was leaking money like a sieve, as the duke put it. Little is known about the Duke of Cambridges personal life. Family; Parents: Not Available: Husband: Dan Snow (m. 2010) Sibling: Not Available: Children: Wolf Robert Snow, Zia Snow, Orla Snow: . However, he has not disclosed any info on his parents and siblings. The average Canadian household net worth is roughly 2X the average U.S. household net worth. His private Grosvenor Group separately owns real estate on five continents and reports just under $20 billion in assets under management. [9][10][11], After university, the then Earl Grosvenor, as he was at the time, worked in estate management at Wheatsheaf Investment from 2013 to 2014, and the Grosvenor Group from 2014 to 2015, before becoming Accounts Manager at Bio-bean, an energy company, in January 2016. She is the daughter of the 6th Duke of Westminster, Gerald Cavendish Grosvenor, and Natalia Ayesha Phillips. Perfect for celebrations such as weddings and parties.of Westminster, as he became, is a beneficial owner but not the legal owneran arrangement that drew a lot of attention in the press because of the inheritance tax exemption it provides. He is descended from Russias Romanov imperial family through his mother and maternally from Nicholas I of Russia, Russian writer Alexander Pushkin and his wife Natalia Nikolayevna Goncharova, and Pushkins great-grandfatherAfrican freed slave turned Russian nobleman Abram Petrovich Hannibal. the Duke and his family are 12th on the Sunday Times Rich List. Gerald Cavendish Grosvenor & family was born on December 22, 1951 in United Kingdom. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Gerald Cavendish Grosvenor & family is a Real Estate, zodiac sign: Capricorn.Nationality: United Kingdom.Approx. According to the Register the company provides Drax with accommodation worth 47,500 per year (that will be the family trust-owned mansion and park) in return for 10 hours' work a week. The properties, which are held through various trusts, include about 200 acres of land in London's Belgravia neighborhood. 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 owner of Grosvenor Group. 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The multi-billion pound business owned by the Grosvenor family started 338 years ago when an ancestor of the 6th Duke of Westminster, Sir Thomas Grosvenor, married a wealthy heiress. Hugh and his girlfriend Harriet Tomlinson. Her fortune is valued at 360 million ($466.2 million). The Grosvenor family was settled in Cheshire in the 12th century, and acquired Eaton (near Chester) through marriage in the 15th century. Her father, Grahame, 81, ran a family curtain-making business, Montgomery Tomlinson, that went into administration in 2013. In addition, the trusts pay tax every 10 years based on the value of the assets in lieu of inheritance tax. Alisher Usmanov / Oli Scarff/Getty Images. He inherited his title, the family estate and an 8.3 billion fortune following the death of his father . You can email the site owner to let them know you were blocked. Moreover, he belongs to the zodiac sign of Sagittarius. converted to U.S. dollars at current exchange rates Read There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Dennis Grosvenor body measurments, height, weight and age details. About Hugh Richard Louis Grosvenor, 7th Duke of Westminster. There are also estates in Scotland and Spain, and it virtually rebuilt Liverpools city centre. The Duke of Westminster, 29-year-old Hugh Grosvenor, is one of the richest people in the U.K. - 5th ed. Dennis Grosvenor wiki ionformation include family relationships: spouse or partner (wife or husband); siblings; childen/kids; parents life. In fact, it wasn't until he was a teenager that it began to dawn on him that he was the heir to this incredible fortune. All Rights Reserved. The Queen is undoubtedly rich but there are 15 other aristocrats whose wealth, estates, and assetsdwarf hers. This may be a good idea. Enjoy reading!! Several members of the Grosvenor family attended the nuptials of Prince William and Kate Middleton back in 2011. Hugh Grosvenor is a British aristocrat, businessman, and the owner of the Grosvenor Group. The valuation of Grosvenor Group, the family's property development, investment and fund management unit, is based on the company's published net asset value as of Dec. 31, 2021 from its annual report. There is no question Lady Edwina Grosvenor is the most famous & most loved celebrity of all the time. The Grosvenors refuse to release financial information on the estate and, given the complexities of real estate, it is impossible to estimate its total worth. He was assigned the post of Assistant Chief of Defense Staff with a promotion to Major General in 2004. . He once said of his son and heir: He was born with the longest silver spoon anyone could have, but he cant go through life sucking it., Hughie was sent to a state primary school in Eccleston, near Chester, and then boarded at Ellesmere College in Shropshire, a 31,000-a-year public school noted for its relaxed atmosphere. The last update of the list was published on January 2nd, 2023. He went to court and forced Westminster to stick to the original agreement. Upon his fathers death in August 2016, he inherited a fortune estimated at 9 billion, with significant trust funds for his sisters. Gerald Cavendish Grosvenor & family is a member of Real Estate Age, Biography and Wiki Net worth: $13 Billion 2010 $12 Billion 2011 $13 Billion 2012 $11 Billion Hugh Grosvenor's net worth as he donates 12.5m to NHS charities. Dowager Marchioness of Westminster (later inherited by Lord Stalbridge): 6,794 acres in . Currently We don't have enough information about his family, relationships,childhood etc. His family also has 96,000 acres in Scotland, 32,000 acres in Spain and thousands elsewhere in England. Queen Elizabeth issaid to be worthat least $520 million, while the British monarchy as a whole is worth around $88 billion, according to Forbes. Lizzy Caplan Bio, Age, Husband, Net Worth, Inside Job, Castle Rock, Movies, Tisha Campbell Bio, Age, Husband, Children, Uncoupled, Net, Movies, Cassi Davis Bio, Age, Family, Boyfriend, Net Worth, Movies, TV Shows. Grosvenor is an international organisation whose activities span urban property, food and agtech, rural estate management and support for philanthropic initiatives. The sultan was said to be worth $20 billion (12.29bn) in 2011, according to Forbes. Hugh Grosvenor House Hi Estate is located in the heart of Shropshire, and it features a 16th Century Tudor house with five luxurious en suite bedrooms, adjoining cottages, manicured gardens, and acres of open countryside. Of course England's richest person has a title, it's just so delightfully, fussily, snottily British. Net Worth 2019 is. A perennial on this list, Rahm's most valuable unpaid adviser and confidant (they're like brothers), a bigtime asset manager ($55 billion under management), and the vice chairman of World Business. She also has an extensive collection of valuable assets, such as art, jewellery, and cars. Benjamin Grosvenor's income source is mostly from being a successful . The average Canadian household net worth is surprisingly huge at roughly $680,000 in 2021, up from $400,151 in 2012 according to Statistics Canada. A small army of servants headed by a housekeeper anda butler attend to guests, who sleep on sheets monogrammed with a W. He did well academically, was made a prefect and head of house, and became a star batsman for the schools cricket team. Grosvenor's full name is Bendor Gerard Robert Grosvenor. Edward Norton. The Duke of Westminster and the Grosvenor family: Net worth 9.52 billion ($12.33 billion).
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