Duke of Westminster marries: This is his gigantic fortune

Duke of Westminster marries: This is his gigantic fortune

In his mid-20s, he inherited billions, making him Britain’s most eligible bachelor. Now Hugh Grosvenor is marrying his fiancée Olivia Henson. A look at the Duke of Westminster’s gigantic fortune.

It is the society wedding of the year in Great Britain: On June 7th, Hugh Grosvenor, Duke of Westminster, will marry his fiancée Olivia Henson in Chester Cathedral. Around 400 guests are expected, including members of the royal family such as Prince William. After the ceremony, the celebration will take place at Eaton Hall, the family’s noble country estate in the county of Cheshire. The property has been owned by the Grosvenors since the 15th century. With an estimated fortune of ten billion pounds, the 33-year-old Duke of Westminster is one of the richest men in Great Britain.

This belongs to the Duke of Westminster

His family’s wealth dates back to the 17th century. In 1677, Sir Thomas Grosvenor married Mary Davies, who was only twelve years old. As a dowry, she received meadows, swamps and pastureland west of the City of London. These are precisely the areas on which the Mayfair and Belgravia districts later developed – today the best and most expensive addresses in the city. For generations, the streets remained in the family’s possession and were managed profitably. The Grosvenor Group owns 50 percent of the real estate in Mayfair, including prestigious buildings such as the former US embassy, ​​the Gagosian Gallery and the five-star hotel The Beaumont. There are also 300 hectares in Belgravia. The fact that several streets and squares are named after the Grosvenors shows how great the family’s influence is.

Hugh Grosvenor inherited billions from his father

The Duke of Westminster’s holdings are not limited to London. The group of companies invests all over the world and manages 1,500 properties in 60 countries. These include office buildings in Beijing, San Francisco and Silicon Valley, shopping centers in Liverpool, Stockholm and Shanghai, and luxury residential complexes in Tokyo, Hong Kong and Vancouver. There are also huge estates in the Scottish Highlands and the English county of Lancashire.

“This land has been in our family for 900 years and hopefully will be for the next 900 years,” Hugh Grosvenor once said. For it to stay that way, the Duke of Westminster and his wife Olivia must have a son. This is because primogeniture still applies in the family, meaning that the entire inheritance goes to the eldest son. When Hugh Grosvenor inherited his gigantic fortune in 2016 after the death of his father, his two older sisters, Lady Tamara and Lady Edwina, were left empty-handed. If the inheritance law is not changed and Grosvenor and his wife do not have a son, a distant male relative would inherit the entire property.

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Source: Stern

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