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Gerald Cavendish Grosvenor Net Worth

Gerald Cavendish Grosvenor Net Worth

Gerald Cavendish Grosvenor net worth, wiki & biography:

Gerald Cavendish Grosvenor Net Worth $13 Billion

London-based Grosvenor Group, the property giant controlled by the Duke of Westminster, bounced back with a 395m profit a year ago , and it has built up a war chest of nearly 1billion to return to global property markets. It intends to grow from its traditional London stamping ground into Asia, particularly China, as well as in November it spent 70m obtaining luxury properties in Scotland. A additional boost to the 59-year old duke’s coffers has come in the group’s scheme for 197 flats tucked behind Tate Modern on the Thames. Shares in the Grosvenor Group, which possesses swathes of Mayfair, Belgravia and Knightsbridge are possessed by trusts set up for the good thing about the Grosvenor family, which is headed by the 6th duke, who is the most affluent British-created member of our list but out of the very best three for the very first time since 1999. He stood down as chairman of the board in 2007 after 33 years but remains chairman of the trustees. The net asset value of the Grosvenor Group rose in 2010 to 2.78billion. Adding Westminster’s private estate assets outside the group, and with the very best end of the London home market appearing fitter, we raise our valuation.

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