STOCK MARKET BSE NSE

Billionaire landowner the Duke of Westminster dies at 64

The duke\'s Grosvenor Estate owns 300 acres in some of London\'s wealthiest areas.

Published: 10th August 2016 12:50 PM  |   Last Updated: 10th August 2016 12:50 PM   |  A+A-

By AP

LONDON: Gerald Cavendish Grosvenor, the sixth Duke of Westminster — a friend of Britain's royal family and one of the country's wealthiest landowners — has died, his family said Tuesday. He was 64.

The Grosvenor Estate said the duke died at the Royal Preston Hospital in northwest England after suddenly becoming ill at his vast Abbeystead Estate nearby.

The duke's Grosvenor Estate owns 300 acres (121 hectares) in some of London's wealthiest areas.

His ancestor, Sir Thomas Grosvenor, married heiress Mary Davies and acquired what was then marshland in 1677. Over the generations the family developed the land into two of London's most affluent neighborhoods, Mayfair and Belgravia.

The family's property portfolio includes land across Britain, as well as housing, office and retail space around the world.

The 2016 Sunday Times Rich List estimated the duke's wealth at 9.35 billion pounds ($12 billion).

Cavendish inherited his title, and the family business, when his father died in 1979. In the late 1990s he had a nervous breakdown, later citing the pressures of business and public appearances.

"Given the choice, I would rather not have been born wealthy, but I never think of giving it up," he told The Independent newspaper in 1992.

He and his aristocratic family are closely tied to British royalty. The duke's son and heir, Hugh Grosvenor, is a godfather to Prince George, son of Prince William and his wife Catherine.

Buckingham Palace said Queen Elizabeth II was sending a message of condolence to the duke's family. Prince Charles' office said he and his wife Camilla were "deeply shocked and greatly saddened" by his death.

The duke's estate said the family had asked "for privacy and understanding at this very difficult time."

It said "no further comment will be made for the time being but further information will follow in due course."



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp