Prince Georges godfather loses £ 243 million – still richer than King Charles | Royal | News

Hugh Grosvenor, the seventh Duke of Westminster, lost astonishing 243 million pounds last year, but was still the second richest person in Great Britain under 40, as new figures show. The 42-year-old aristocrat, who is the godfather of Prince George and Prince Archie, looked at £ 10.1 billion at 9.8 billion pounds in 2024 at 9.8 billion pounds.

Hughie, as he is known to friends and family, became an immediate billionaire when he inherited his title and control over the historical major estate in 2016. At the age of 25, he inherited his title and a huge land and ownership.

The source of the duke's wealth comes from the Grosvenor group, which, according to Sunday Times, is responsible for several developments in city centers in northwestern England, including Liverpool One, where it is partners in a 10 million pound project to create an urban leisure complex.

The newspaper said: “One of 33 podicists of the king, the Duke, is also related to the Roman -Römisch -imperial family and the writer Alexander Puschkin by his mother Natalia.”

Despite the decline in his assets, Hugh is still richer than King Charles, who rose by £ 30 million up to 640 million pounds last year.

Charles, who came to the throne in 2022, took the 238th place in the list of 350 richest people and families in Great Britain and took 20 places in 2024.

The 76-year-old monarch, who was exposed to difficult cancer treatment last year, benefited from the investment portfolio, which he inherited from his late mother for the majority of his assets, said the newspaper.

His private goods Sandringham in Norfolk and Balmoral in Aberdeenshire, which belonged to the queen, are part of his financial wealth.

When evaluating the prosperity of the sovereign, only personal assets are included.

This does not include the Crown Estate, which thanks to wind farm grades, the Duchy of Lancaster Estate, nor the crown jewels that are familiar to the nation from the king.

In the meantime, the Duke of Westminster near the Prince and the Princess of Wales, who made him their eldest son George, George, in 2013.

Last year Hugh married Olivia Henson's society in the so -called wedding of the year, with Prince William being a Usher in the ceremony. Princess Eugenie was also present.

The couple, who now lives in Eaton Hall Estate in Chester, awaits her first child this summer.

Already in March a spokesman for the couple said: “The Duchess expects a baby in summer. The couple is looking forward to the news and is very much looking forward to founding a family together.”