It would probably also have saddened Gerald Grosvenor, who believed in fairness. You can opt out at any time or find out more by reading our cookie policy. One of its commercial leaseholders tells Tatler: ‘When the late duke had an active role, the Grosvenor Estate was more of a patrician landlord. In 1999, the chainsmoking, tireless duke (he was always up before 5.30am) suffered a mental breakdown. Currently We don’t have enough information about his family, relationships,childhood etc. 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. $13B. This article is a short piece about Hugh Grosvenor who is the latest Duke of Westminster. 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. The 7th Duke of Westminster, Hugh Grosvenor's, net worth is roughly estimated to be $12.6 billion. He currently has a net worth of $12.7 billion – an estimated £10.1 billion, according to the Sunday Times Rich List. He inherited the title of Duke of Westminster on 9 August 2016, on the death of his father, Gerald Grosvenor. Then, he also did duties for Grosvenor Group and as an Accounts Manager for Bio-bean in January 2016. 2016 Billionaires NET WORTH. You just wake up in the morning and wish it was evening.’ Exhaustion and stress were diagnosed, and he cancelled everything for three months. 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. Her romance with the 7th duke inevitably prompts speculation – will she be the next Duchess of Westminster? 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. Hugh Grosvenor, the 7th Duke of Westminster – better known as ‘Hughie’ – continues to dominate The Sunday Times Rich List, published 17 May. But what was perhaps most important to the 7th duke’s father was the Grosvenor name and the Grosvenor Estate. Hugh Grosvenor, The Duke of Westminster, inherited and took over the family’s property business when Gerald Cavendish Grosvenor passed on. Currently there are seven trustees, including the duke. He had hoped for a career in the regular Army but knew he had to devote himself to saving the family’s fortune. 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 … He has been prepared all his life to inherit his Dukedom and the property empire that comes along with. The 6th duke (then Gerald Grosvenor), 1958. 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. So, we can pretty much assume why 'The Sunday Times' call him 'the most eligible bachelor in the world.' He spent his early childhood in Northern Ireland and was sent to Harrow, where his Ulster brogue chimed poorly. Rebecca Cope. 5 Hugh primary income source is Celebrity. He added: ‘The trusts were set up to provide continuity rather than to avoid tax. 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. Hugh and his girlfriend Harriet Tomlinson, ‘An Old Woman Reading’ has been in hiding for nearly two decades following an art heist at Drumlanrig Castle, By 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. We will update soon. In Westminster, London, England, Hugh Richard Louis Grosvenor was born in the year 1991 (age 29 years; as in 2020) of 29th January. The duke, members of the Grosvenor family and the trusts pay income tax and capital gains tax at the highest marginal rate. Fortune hunters were urged by tabloids to beat a path to … 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. Harriet, 26, has been Hughie’s on-off girlfriend for more than a decade. Rex Features. He went to court and forced Westminster to stick to the original agreement. 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. Lady Charlotte Wellesley: Net worth — £3.8 billion ($4.99 billion). Fortune hunters were urged by tabloids to beat a path to his door. 'I just really want to tell anybody worried to know that there’s nothing to worry about'. The duke and his family share an (undisclosed) slice of the spoils. 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. Hughie, as he is known, spends a lot of his time behind a desk in the accounts department of a small London recycling company, plays a good game of cricket and still lives primarily at the family estate in Cheshire. By Keith Dovkants. Photo Source: Bloomberg. 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. Her father, Grahame, 81, ran a family curtain-making business, Montgomery Tomlinson, that went into administration in 2013. Is that the kind of environment Hughie, the 7th duke, wants to work in? 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. The duchess and 6th duke with Ladies Edwina and Tamara at Eaton Hall, (pre-makeover), 1984. Hugh Grosvenor, Britain’s youngest billionaire is in the news for donating 12.5 million pounds for the NHS to fight coronavirus. Hugh is the 7th e Duke of Westminster. The Grosvenor Group has land holdings that include more than 1,500 properties in 60 countries. Hugh Grosvenor now Duke of Westminster, 2013. He is the son of the 6thDuke of Westminster named Gerald Grosvenor and Natalia Phillips. Hugh Grosvenor is the 7th Duke of Westminster and the godfather to Prince George, son of the Duke and Duchess of Cambridge. Hugh Age, Height & Weight. More recently, the duchess oversaw a complete makeover that gave Eaton Hall the look of a French chateau set among formal gardens. 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. By Keith Dovkants. Welcome to Tatler. The council’s plans would have scuppered this, and the duke stepped in. Net Worth $12.9 Billion Profession Businessman Where Did The Net Worth Come From? The family's $13.32 billion fortune that comes with the title, is primarily made up of land ownership. As of recent data, his net worth is estimated to be US$16 billion dollars that is equal to £9 billion. ‘You almost get frightened of going out. Hugh Grosvenor was educated at a local primary school and a small private day school, Mostyn House School, near Eaton Hall, Cheshire. 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. We analyze multiple source & then used our own metric to decide how rich is Lord Hugh Grosvenor. So the state receives an assured sum on a regular 10-year basis.’ Jeremy Newsum, who recently retired as executive trustee, says the Grosvenors do not exploit ‘loopholes’ and that the tax situation had been misrepresented. Hugh … Now it operates like a hard-nosed multinational.’. Net worth: £425 million Age: 61 Townshend is the only other person, other than the Queen, to be allowed to own swans. 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. Hugh Grosvenor is a British aristocrat and heir with an estimated net worth of $12.4 billion as of April 2019. By ‘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 is the only brother to 3 sisters named Lady Tamara Katherine Grosvenor, Lady Edwina Louise Grosvenor and Lady Viola Georgina Grosvenor. However, the estimated net worth vary depending on the sources. 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So if Hughie wanted to sell some juicy plum from the portfolio – say the freehold of the Beaumont Hotel – for some extra spending money, he would not be able to do it without the consent of the Grosvenor trustees. The answer, on the present evidence, is no. How will the spa experience change in a post-Covid world? With the title came a fortune of more than £9 billion. ‘It saddens me,’ he notes. Jeff Farrell. Its spokesman said there had been a fundamental misunderstanding of the issue. Already an officer in the Territorial Army, he continued to serve with it, retiring in 2012 with the rank of major-general. 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. Hugh Grosvenor has a net worth of $12 billion. Picture: PA. The family firm, already one of the biggest players in international property, soared ever upwards. There is a lot of chatter around the internet about Hugh Grosvenor’s Net Worth in 2020 […] And when families on his estates were hit with bills from the Thatcher government’s poll tax, Gerald Grosvenor paid them. 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. Yet they would have been disappointed, for one looks in vain for signs of profligacy or even a playboy lifestyle. He went on to Newcastle University and gained a 2:1 in agriculture, becoming the first Duke of Westminster to secure a degree. Article bookmarked. However, other website has different number. He pitched in, working closely as chairman with the executive trustee, a savvy property man called Jimmy James. 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. Hugh Grosvenor Net Worth: $13 billion. This may be a good idea. Grosvenor worked in estate management for Wheatsheaf Investment from 2013 to 2014. 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. 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. The tax was, he said, ‘insufferable’. Mayfair’s development began in 1720, Belgravia’s in the 1820s. Perhaps the public exposure that is inevitable when one runs a multinational did not appeal. It took years, but the 6th duke not only restored the Grosvenor fortunes but also oversaw an expansion of wealth that excites admiration to this day. 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. Not just any property empire however. The ancient tradition of primogeniture allowed Hughie to succeed to the title, but Tatler can reveal that his sisters receive just as much as he does from the estate. Trusts ensure continuity, and most rich families use them – the Rothschilds are said to have a series of them controlling more than £40bn. There are also estates in Scotland and Spain, and it virtually rebuilt Liverpool’s city centre. A small army of servants headed by a housekeeper and a butler attend to guests, who sleep on sheets monogrammed with a ‘W’. Hugh Grosvenor is a British aristocrat and heir with an estimated net worth of $12.4 billion as of April 2019. This makes him a thoroughly modern duke – the theoretical head of a vast family concern, but also his own man. 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. Annabel Sampson. Despite a severe chill in the London property market, mainly caused by Brexit uncertainty, the group posted revenue profits of £79.2m last year, slightly lower than the year before but better than had been feared. The Duke of Westminster's £8.3 billion fortune is believed to have been handed down to his son, Hugh Grosvenor. Hugh Richard Louis Grosvenor was born on January 29, 1991 in London, England. 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. He said later that he went into a ‘black hole’, suffering all the horrors of chronic depression. Grosvenor inherited his money and title from a 400-year-old trust established by a group of very distant and very wealthy parents. Susan D'Arcy, ‘Only occasionally true’: Fact-checking ‘The Great’, Channel 4’s fabulous new biopic of Catherine the Great. He did well academically, was made a prefect and head of house, and became a star batsman for the school’s cricket team. The World's Most Entertaining Car Website, Hugh Richard Louis Grosvenor, 7th Duke of Westminster, Courteney Cox Reunites With Johnny McDaid After 9 Months Apart Due To COVID-19, Bills-Steelers Sunday Night Football Game Drew Over 14 Million Viewers, Neighbors Stars Seth Rogen & Rose Byrne Reunite For Apple TV+ Comedy Series, George Clooney Says Trump Family Will 'Forever Be Associated With Insurrection', Cody Calafiore Is The Winner Of "Big Brother 22", Couple Play Santa & Mrs. Claus At Party Before Testing Positive For COVID-19, [Report] Jadeveon Clowney Rejects Major Contract Offer From Cleveland Browns, Prince William & Prince Harry Have Reconciled, Source Says. His father, Gerald, who was 64 when he collapsed during a walk on his Lancashire estate last August, had firm views about how he wanted his children to grow up. Estimated Net Worth in 2019: $100K-$1M (Approx.) Duke of Westminster and the inherited £10 billion property empire. TRIAL OFFER: 3 Issues for £1. He installed video-conferencing facilities at Eaton Hall to allow essential meetings with executives, and, by his own account, recovered. 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. 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. 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. 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. Gerald Cavendish Grosvenor, the 6th Duke of Westminster and Britain's wealthiest landowner, died at age 64 on August 9, 2016. And capital gains tax at the highest marginal rate is the latest duke of Westminster named Grosvenor! 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