Billionaire Duke of Westminster to Sell £700 Million of US Real Estate Assets


With its history dating back to 1677, the group is known for developing the affluent London neighborhoods of Mayfair, Belgravia and Pimlico. It’s now a global firm with £9.5 billion of assets under management across 48 cities. Hugh Grosvenor, its 35-year-old owner and the seventh Duke of Westminster, has a net worth of about $12.7 billion, according to the Bloomberg Billionaires Index.



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