The new Duke of Westminster has become the richest young person ever after inheriting £9.3billion following his father’s sudden death last year.
He joins a host of fledgling aristocrats whose families have made their fortunes in everything from property to horseracing as well as the brewing business.
Hugh Grosvenor, 26, became the seventh Duke of Westminster when his dad Gerald passed away in August last year.
He inherited a whopping £9.3bn and 300 acres across London’s Mayfair and Belgravia – two of the most expensive areas in the world – as well as estates in Oxford, Cheshire and Scotland and properties around the globe.
The Duke’s staggering wealth makes up more than half of the combined £16bn fortune of the top 50 people aged 30 and under on the Sunday Times Rich List, which has been released today.
Despite his vast worth – now a total of £9.52bn with the inheritance – friends say he is down-to-earth with an interest in the environment as well as charitable causes.
He studied agriculture at Newcastle University, becoming the first Duke of Westminster to hold a degree after graduating in 2013.
Fellow student Bella Eckert said: ‘He wasn’t a BNOC (big name on campus) at all. He seemed like a normal guy.’
But while his university life may have been seemingly normal, his 21st birthday party was a much more lavish affair – with a rumoured £5million spent on top acts including comedian Michael McIntyre and hip-hop duo Rizzle Kicks.
The Duke – who is known to his friends as Hughie – has often been described as one of the world’s most eligible bachelors.
But he is now off the market after recently being pictured arm-in-arm with new girlfriend Harriet Tomlinson.