Have you ever wondered which Duke owns most of London? Well, wonder no more! It turns out that the answer to this question is not as straightforward as you might think.
Firstly, it’s important to note that there are several Dukes with significant property holdings in London. These include the Dukes of Westminster, Bedford, and Portland, among others. However, when it comes to owning the most property in the capital, there is one clear winner: the Duke of Westminster.
The current Duke of Westminster, Hugh Grosvenor, inherited his title and vast property portfolio from his father in 2016. At just 30 years old, he is one of the youngest billionaires in the world and has an estimated net worth of over £10 billion.
So what exactly does the Duke of Westminster own in London? Well, for starters, he is the owner of Grosvenor Estate – a property company that manages his vast portfolio. The estate includes around 300 acres of prime real estate in some of London’s most exclusive areas such as Mayfair and Belgravia.
In fact, according to a report by The Guardian in 2016, the Grosvenor Estate owns nearly half (44%) of Mayfair and Belgravia combined. This includes some of London’s most iconic landmarks such as Eaton Square and Grosvenor Square.
But it’s not just residential properties that make up the Duke’s portfolio. The Grosvenor Estate also owns a number of commercial properties including offices and retail spaces. In total, it is estimated that the estate’s portfolio is worth around £13 billion.
So what does all this mean for Londoners? Well, on one hand, it could be argued that having so much property owned by one individual or entity could lead to a lack of diversity and affordability in certain areas. However, others would argue that having a strong landlord with a vested interest in maintaining high standards can be beneficial for the local community.
Either way, there’s no denying that the Duke of Westminster is a significant player in London’s property market. And with his family’s history of investing in the capital dating back over 300 years, it seems likely that they will continue to shape the city’s landscape for many years to come.
In conclusion, while there are several Dukes with significant property holdings in London, it is the Duke of Westminster who owns the most. His vast portfolio includes some of London’s most exclusive areas and is worth an estimated £13 billion. Whether this is a positive or negative thing for the city is up for debate, but one thing is certain – the Grosvenor family will continue to have a significant impact on London’s property market for generations to come.
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