The Duke of Westminster and the Grosvenor Family
Hugh Grosvenor, the 7th Duke of Westminster – better known equally 'Hughie' – continues to dominate The Dominicus Times Rich List, published 17 May. Fifty-fifty edging up four places from final year in the chief list to number ten, as his wealth increases to a chiliad total of £10.295 billion. With close imperial connections, Hughie, 29, is both the youngest and richest of Prince George's godparents. He has been in the news amidst the pandemic for pledging £12.five billion to help vulnerable people and NHS staff.
Last year, The Sunday Times dubbed him the 'about eligible bachelor in the world' – although he is currently in a relationship with 29-year-old Harriet Tomlinson, a recruitment consultant at Deverill Smith agency (the couple met when they were both pupils at Ellesmere College). The Knuckles's fortune is hinged on the Grosvenor family property portfolio that is worth £12.3 billion.
His father, the former Duke, died aged 64 in 2016, bequeathing the Grosvenor championship and the family holding empire to younger Hugh (primogeniture giving him precedence over his two older sisters). The holding empire spans 300 acres of Mayfair and Belgravia in key London, Eaton Hall in Cheshire and investments in lx cities throughout the world, including a chunk of Silicon Valley in California. This yr the Grosvenor Grouping won approval to create 1,548 homes on the site of an onetime Bermondsey biscuit factory. Hugh'south sister Lady Edwina, 38, is married to television presenter Dan Snow, and gave £25,000 to the Women's Equality Party in 2018.
Whilst just number x in the big boys list, he'south firmly cushioned in at number one on the under thirties Rich Listing. A listing that is dominated by stars from the globe of entertainment (namely of One Direction and Harry Potter success) – but information technology'south the 7th Duke who continues to reign supreme, with circa threescore% of the total wealth of the youthful top ten list.
2d on this year's (youthful) rich list is Lady Charlotte Wellesley, also 29. Lady Charlotte is a descendant of Queen Victoria, who married billionaire Alejandro Santo Domingo in 2016, an heir to a beer fortune clustered by his late father, Julio Mario Santo Domingo.
The list of the richest aristocrats is a throwback to the primeval days of the Rich List. When it was outset published in 1989, three-quarters of those who featured had inherited their wealth. After the Duke of Westminster, comes Earl Cadogan, his family own 93 acres of Kensington and Chelsea in London, and so of grade there's the estate of Baroness de Walden which tin can be found over in Marylebone amounting to close to 92 acres.
The Queen's fortune is listed as £350 million, £20 million down on last year, and she has descended to number 372 on the listing (and is not included in this year'due south peak 15 wealthiest aristocrats). The Dominicus Times described her as 'frugal to a fault' and said that she is known to reuse wrapping paper, shred newspapers for horse bedding and to conserve water – quite right. In 2018, however, the 93-twelvemonth-old monarch, got tired of a leaky roof and agreed to a ten-year £369 million refurbishment at Buckingham Palace which is underway and partly contributes to her subtract in fortune. The Queen's day-to-twenty-four hour period income comes from the Queen'southward sovereign grant. Her share portfolio, mostly in British blue chips, will take been striking past the marketplace crash, and then with that in listen, the Sunday Times Rich List have trimmed back her wealth.
The top fifteen wealthiest aristocrats are as follows according to the 2020 Rich List.
1. The Knuckles of Westminster and the Grosvenor family, £10.295bn
2. Earl Cadogan and family, £six.817bn
3. Baroness Howard de Walden and family, £four.316bn
4. Princess Marie-Chantal and family, £2.14bn
5. Viscount Portman and family, £2.05bn
6. Lady Charlotte Wellesley, £ii.031bn
7. The Earl of Iveagh and the Guinness family, £906m
8. The Duke of Devonshire, £895m
9. Prince Jonathan and Princess Gesine Doria Pamphilj, £775m
x The Duke of Bedford, £750m
11. Viscount Rothermere and family, £920m
12. Lord Vestey and family unit, £721m
13 Lord Rothschild, £650m
14. The Knuckles of Sutherland, £585m
15. Charlotte Thownshend, £454m
Information from The Sunday Fourth dimension Rich Listing, 2019
The very top of this year's Rich Listing is 73-twelvemonth-old entrepreneur James Dyson of vacuum, hair dryer and electronic fan success. Last twelvemonth's was topped past Sri and Gopi Hinduja who are together worth £16 billion (downwardly £6 billion, at number ii) with their wealth attributed to the manufacture and finance sectors. The Hinduja Grouping has stakes in oil, gas, It, energy, media, cyberbanking, holding and healthcare. The Sunday Times reports that when Gopi's son Sanjay, 54, got married in India in 2015, sixteen,000 guests were invited which must take made for a suitably lavish celebration.
In January this year, The Sunday Times also revealed for the second fourth dimension, a 'elevation tax contributor' list, a 'badge of award' line-up for those putting their wealth back into order.
Post-obit the publication of the 2019 list, a senior aide of the Duke of Westminster reportedly chosen The Dominicus Times to deliver an incensed ten-infinitesimal rant. He said that it was not acceptable that the 28-year-old (his age at the time) aristocrat had appeared at number 22 in the 2019 Tax List – he demanded that the Duke was bumped up the rankings correct away.
According to the report, it apace became clear that the aide was furious that another high-ranking aristocratic family unit with roots in belongings, the Howard de Waldens, had appeared 12 places higher than the Duke. It was purely because of the way their taxes had been reported. The De Waldens had gone beyond ordinary statutory disclosures and had listed postage stamp duty, VAT and an array of other levies every bit well.
Suffice to say, the same mistake was not made this year. The Duke has reported his taxes with greater transparency and, in January, was elevated up the list of tax contributors to number vii, forking up a £69 million pound revenue enhancement bill from his £10,100 million wealth.
Source: https://www.tatler.com/article/sunday-times-rich-list-duke-of-westminster
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