Hugh Richard Louis Grosvenor, who became the 7th Duke of Westminster after the sudden death of his father Tuesday, joins the Bloomberg Billionaires Index today as his inheritance makes him the youngest billionaire among the world’s 400 richest people
While the new duke takes responsibility for the fortune through the inherited title, his wider family, including his mother and three sisters, still stand to benefit. Grosvenor Estate’s trustees hold its assets for current and future members of the Grosvenor family, according to Grosvenor Group’s website.
Gerald Cavendish Grosvenor 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.
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