The Duke of Westminster inherited his household’s historic property empire when his father died instantly in 2016.
Hugh Grosvenor inherited the 340-year-old household agency a decade in the past (Picture: Getty)
Prince George’s godfather, the Duke of Westminster, has been pressured to unload £700million of his household’s 340-year-old property empire following big losses. Hugh Grosvenor’s firm, primarily based in Mayfair and controlling a considerable portfolio of London actual property, is seeking to offload US property following a significant decline in income. The Grosvenor Group recorded losses of £108million in North America final yr, with a complete worldwide income lack of £23.2million in 2025.
The billionaire duke, who’s an in depth pal of each Prince William and Prince Harry, inherited the household property when his father unexpectedly died of a coronary heart assault in 2016. James Raynor, chief government of the group, stated the US portfolio can be offered off “over a time period”.
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The duke is an in depth pal of Prince William and Prince Harry (Picture: Getty)
The agency’s web site lists properties throughout US cities together with San Francisco, Los Angeles, Seattle and Washington in “well-connected areas that profit from robust demographic and atmosphere fundamentals”.
The Grosvenor Group’s UK portfolio has fared higher, with underlying earnings of £88.7million in 2025, a 14% enchancment on the earlier yr. It additionally achieved a 97% occupancy charge throughout its capital holdings in London, in accordance with GB Information.
Hugh is the one son of the late Gerald Grosvenor, sixth Duke of Westminster, whose ancestor Sir Thomas Grosvenor, third Baronet, based the household agency within the 1600s.
The 34-year-old duke topped The Sunday Instances 40 underneath 40 Listing in 2024, with a web price of £10.1 billion.
He made headlines in the identical yr for his glitzy marriage to Olivia Henson at Chester Cathedral, with a high-profile visitor record that included Prince William and Princess Eugenie.
The 34-year-old is one among seven godparents to William’s oldest son, who’s second in line to the throne after his father.
The Prince and Princess of Wales broke royal custom by largely selecting associates as godparents relatively than distinguished aristocrats when George was christened at St James’s Palace in October 2013.
His godmothers are William’s cousin Zara Tindall, an in depth pal of Princess Kate’s, Emilia Jardine-Paterson, and psychotherapist Julia Samuel.
His godfathers, alongside Hugh, are William’s former personal secretary Jamie Lowther-Pinkerton, the Wales’s college pal Oliver Baker and the prince’s childhood pal William van Cutsem.
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