The sixth Duke of Westminster passed away from a heart attack. According to press reports, the duke was the third richest person in the UK and the 68th richest person in the world. Conservative estimates say he is worth around \u00a39 billion, the majority of which will now pass to his son and heir, Hugh Grosvenor.<\/p>\n
Prime Property in Central London<\/strong> The Grosvenor Property firm was formed in the 17th century to manage a very large portfolio of properties<\/a> in London. Today, it is widely regarded to be the biggest property management company in the UK, at least by value of its assets.<\/p>\n Duke Owns More Property than the Queen<\/strong> The new Duke of Westminster is now a very wealthy young man.<\/p>\n","protected":false},"excerpt":{"rendered":" The sixth Duke of Westminster passed away from a heart attack. According to press reports, the duke was the third richest person in the UK and the 68th richest person in the world. Conservative estimates say he is worth around … Continue reading
\nThe duke had many business interests, but one of the most interesting to us is his vast property portfolio<\/a>. The family owns a significant slice of Belgravia, one of the most expensive parts of London. He also owns thousands of acres in Scotland and Spain.<\/p>\n
\nInterestingly, the Duke of Westminster owns more property than the Queen \u2013 he owns 0.22% of land in the UK compared to 0.03% in the Queen\u2019s private ownership. Included in the Duke of Westminster\u2019s property portfolio are Eaton Estate, the family seat just outside Chester (the estate encompasses three villages); Abbeystead Estate in Lancashire; and Reay Forest in north-west Sutherland. The Duke also owns 300 acres in Mayfair and Belgravia, which includes Grosvenor Square, Eccleston Place and Elizabeth Street.<\/p>\n