The Duke of Westminster - Richest Person In England
Sir Gerald Cavendish Grosvenor is by far the wealthiest person in England. According to Forbes, this multi-billionaire is the richest British-born person and the 89th richest person in the world. He has an estimated net worth of $14 billion as of March 2013.
Net Worth: $14 billion
Source: Inheritance, Real Estate
Born: December 22, 1951 (Age 62)
Nationality: United Kingdom
Residence: Eaton Hall, Cheshire
Marital Status: Married
This British military officer is the 6th Duke of Westminster and undoubtedly one of the wealthiest people in the world. He was born in December 22, 1951 to Robert George Grosvenor, the 5th Duke of Westminster and Hon. Viola Maud Lyttelton. The influence of the Grosvenor family dates back to 1622 when Richard Grosvenor became a Baronet. The Duke of Westminster title is basically a courtesy title that is awarded to a family that’s not only influential, but does not also hold a claim to the throne. Grosvenor’s derives much of his wealth from his real estates.
Grosvenor is also the owner of Grosvenor Group. Through Grosvenor Estates, Grosvenor became the richest property developer in the UK, as well as well as one of the country’s biggest landowners. He owns vast estates in Scotland, Cheshire, Oxford and also huge areas of Belgravia and Mayfair in central London. His fortune increased by $400 million after the value of real estate in Belgravia skyrocketed. His family’s trust owns a total of 190 acres in Belgravia, which is London’s most expensive neighborhood with homes selling at $150 million.
Grosvenor Group, which is privately owned by Grosvenor, possesses real estate in five continents and reports close to $20 billion in assets under management. In addition, Grosvenor’s family owns 32, 000 acres of land in Spain, 96,000 acres of land in Scotland and thousands of acres in other parts within England.
Grosvenor is married to Natalia Ayesha Phillips, who is the daughter of Lt Col. Harold Pedro Joseph Philips and Georgina Wernher. Together they have four children; Lady Tamara Katherine Grosvenor born on December 20, 1979, Lady Edwina Louise Grosvenor born in November 4, 1981, Hugh Richard Louse Grosvenor born in January 29 1991 and Lady Viola Georgina Grosvenor born in October 12, 1992. Grosvenor is said to be a very private person with only a few friends. He has devoted much of his career to his country and the military.
Very few rich people are scandal-less and Grosvenor happens to be among the unlucky majority. In 2006, Grosvenor got caught up in a very embarrassing scandal, where he was alleged to have been involved in prostitution. Further allegations cited that he was a regular of high-end escort services and even went as far as negotiating the price with an escort. Grosvenor, however, strongly rebuffed the allegations to the point where all papers in the UK were forced to delete past reporting from their online archives.
Interesting Fact about Gerald