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- Name: Gerald Cavendish Grosvenor, Duke of Westminster.

- Age: 45 years.

- Nationality: British.

- Category: real estate.

- Fortune estimated 1.7 billion pounds (17 billion).

- Distinguishing feature: went every year in his home in Australia, in remembrance of the great British Empire.

Times are tough for the sixth Duke of Westminster. Gerald Cavendish Grosvenor saw his personal fortune to spend the last five years, 35 to 17 billion francs. This direct descendant of William the Conqueror, long saddled with the pompous title of richest man in the United Kingdom is now the fifth largest British fortunes, along with the "clown" Richard Branson. Despite his passion for hunting and fishing and his love of long walks in the English countryside, the Duke, 45 years old, owes his wealth to real estate. His fee includes whole streets of both London's most exclusive neighborhoods in Belgravia and Mayfair. But its empire extends to Australia. He also owns land, including Canada, Hawaii and Los Angeles. Its property portfolio is valued at 6.7 billion francs, but the recent sale of certain homes adjacent to those belonging to Westminster shows that this estimate is largely pulled down. The 33 Grosvenor Street was sold alone for 1.3 billion francs. Baron Grosvenor has always been very discreet, but everyone agrees it is a formidable businessman. In 1980, he emerged from an agreement signed eighty years ago to require the Department of Health that he sold a portion of the site of the former St. George's Hospital, at the entrance to Hyde Park for the ridiculous sum of 227,000 francs. In resistance against the government which wanted to force him to stop selling its land leases for a limited time, as tradition would the duke did not hesitate to drag the state before the European Court of Justice in Strasbourg . But this "shark" of the business lies a generous donor. Its investment fund has two charitable foundations and sponsors nearly 140 diverse organizations, including the British Association of renal patients. The billionaire has a bit of Dr. Jekyll and Mr. Hyde in him.

 

 
 
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