Duke of Westminster

Duke of Westminster 

Rank : 3 Worth : £7,000m

"WHEN you are born with a silver spoon in your mouth, it's good to take it out every so often," Gerald Cavendish Grosvenor, the sixth Duke of Westminster said a few years ago. The Duke has certainly devoted a lot of his time to the Territorial Army over the years. He's also stood up against Westminster Council, on one occasion taking them to court. Apparently the Duke felt strongly that the working classes should be able to reside in central London

Duke of Westminster's property fortune

This year hasn't seen any rise in the Duke's fortune. The Duke of Westminster's property group, Grosvenor, has warned that Britain's commercial property market was unlikely to recover this year and that real estate returns were likely to slow globally.

The privately owned company owns or manages property around the world, including the estate of the Duke of Westminster – once Britain's richest person and still in the top three of the UK's wealthest individuals.

The Duke of Westminster together with the Grosvenor Estate own's large parts of London covers two main areas in Belgravia and Mayfair reaching as far as Oxford Street to the north and Victoria station to the south, with a huge amount in between.

Exclusive 100 year old yacht up for sale

The Duke of Westminster has put a genuinely unique item up for sale.

A wooden hundred year old yacht that has been used by royalty. Ilona of Kylesku - has a rich history - once used by royalty, before being chartered by the Royal Navy in both world wars and reputedly even serving as one of the Dunkirk "little ships" in 1940.

The Duke -the UK's biggest landowner, has spent the past seven years and over £6million lovingly restoring the Yacht (Ilona of Kylesku) to its former Edwardian glory, it is being put up for sale by its owner, the Duke of Westminster.

"I was pleased to have the opportunity to invest in this wonderful yacht," said the Duke of Westminster to The Telegraph. "She can now only be described as immaculate.. She is such a beautiful yacht. I will be very sad to see her go. The experience has, for me, been an absolute pleasure. Now the project is complete and so it is a good time to pass her on to another safe pair of hands. I know she will make someone very happy."

Related Duke of Westminster articles

Latest news stories from across the world on the Duke of Westminster.

Duke of Westminster fights to save phonebox

The Duke of Westminster is campaigning to save a rarely used black and white telephone box outside his remote Scottish estate in Achfary.

Rich get richer in Britain despite credit crunch

Members of Britain's rich-list are getting richer despite the global credit crunch turmoil the collective worth of the top 1,000 members of the Sunday Times Rich List rose by £53billion in the past year to £412.8billion.