The New Duke of Westminster with a £9 Billion Inheritance; One of the Youngest Billionaires in the World

According to Forbes magazine, Hugh Grosvenor, who inherited the title of Duke of Westminster and a £9 billion family fortune at the age of 25, is now the third-largest landowner in Britain and the 68th richest person in the world. He inherited the title of the seventh Duke of Westminster following the sudden death of his father on Tuesday. He is the third child but the only son of the family and held the honorary title of Earl Grosvenor before receiving this noble title. He is also the godfather of the future King of Britain, Prince William's youngest son. The Guardian newspaper notes that there is little known about the young Duke of Westminster. He studied rural economics management at Newcastle University. His family has worked to keep aspects of his private life private due to his special position as the heir to one of the largest family fortunes in Britain. However, he drew media attention when he was chosen as the young and wealthy godfather of Prince George, Prince William's youngest son and the grandson of the Queen. Another media-covered event was his 21st birthday party, which reportedly cost £5 million. About 800 guests were invited to the event, one of whom was Prince Harry, one of the Queen's grandsons. Despite being the third child, Hugh Grosvenor has precedence over his two older sisters according to traditional inheritance laws still followed by British aristocratic families. The assets he inherited include 190 acres of land and real estate in Belgravia, one of London's most expensive neighborhoods, as well as thousands of acres of land in Scotland and Spain. The traditional royal inheritance law was abolished in 2013, before the birth of Prince George, the first child of Prince William, allowing the throne to pass to the firstborn regardless of gender. Some British magazines have written about the young Duke of Westminster's interest in collecting vintage wines and his interest in meeting girls, with Vanity Fair dubbing him 'the owner of half of London.' The Guardian adds that unlike many children of wealthy aristocratic families in Britain, the young Duke of Westminster did not attend boarding schools but always studied at a private school near his family's home in Cheshire before entering university. He is currently the head of the accounting department of a technology company that works in recycling agricultural and food waste. His family has had close ties with the British royal family for a long time, and his father was a very close friend of Prince Charles, the Queen's eldest son. Prince Charles was deeply affected by the death of the former Duke of Westminster, and the Queen and her husband also expressed their condolences in a statement. The history of the Grosvenor family's wealth dates back over 300 years when one of the Duke's ancestors married a very wealthy lady who owned extensive estates in the Middlesex area of England as well as over 500 acres of land in West London. The Grosvenor family undertook significant construction on part of this land in the early 18th century, leading to the creation of the Mayfair neighborhood. A hundred years later, they undertook another extensive construction project that led to the establishment of the Belgravia neighborhood. Both of these neighborhoods are located in the west of central London and are among the most expensive residential areas in the world. The family expanded their real estate and housing business in foreign countries, including Australia, America, Asia, and Europe, by the end of the 19th and 20th centuries.