Editor’s Picks 10 August 2016 at 1:30 GMT

Duke of Westminster, UK's richest person, dies at 64

Gerald Cavendish Grosvenor, known as the Duke of Westminster, whose central London property holdings made him the UK’s wealthiest native-born person, has died. He was 64. He died Tuesday afternoon at the Royal Preston Hospital in Lancashire after suddenly falling ill at his Abbeystead Estate in north England, according to the Press Association. No cause was given. The duke inherited land his family has owned since 1677, including swathes of London’s Belgravia and Mayfair neighborhoods. His London-based real estate firm, Grosvenor Group, had assets under management of 13 billion pounds ($19 billion) in 2015. He and his family had a fortune of $12.3 billion, according to the Bloomberg Billionaires Index. Grosvenor was born in 1951 and spent his childhood in the rural countryside in Northern Ireland before attending Harrow boarding school in London. After leaving, he joined the British Territorial Army -- which included a period of training at Royal Military Academy Sandhurst.
Read full article at Bloomberg


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