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The owners of London’s richest districts dies

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The Duke of Westminster, a billionaire landowner whose estates stretch opposite a ritzy London neighborhoods of Mayfair and Belgravia, has died during a age of 64.

Named Gerald Cavendish Grosvenor, a duke was one of a U.K.’s richest men, value as many as $12.3 billion.

Over scarcely 300 years, his family incited a collection of swampland, pastures and orchards in southern England into some of a many costly genuine estate in a world.

The duke died Tuesday during a sanatorium in northern England after unexpected descending ill during his Abbeystead Estate, according to Grosvenor Group, a genuine estate organisation he controlled.

duke of westminster
Gerald Cavendish Grosvenor, a Duke of Westminster

British media pronounced his 25-year aged son, Hugh Grosvenor, will get a pretension and fortune.

Through a matrimony in 1677, a Grosvenor family came into possession of hundreds of acres of land to a west of a City of London. It began building Mayfair in a 1720s, and Belgravia in a 1820s.

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The 300 acres of primary executive London land owned by Grosvenor currently — some of that limit Buckingham Palace and Hyde Park — were estimated to be value around £5.2 billion ($6.8 billion) during a finish of final year.

belgravia duke westminster
Residential properties in Belgravia, London

The family also owns farming estates in a U.K. and Spain, and skill investments in a U.S., Canada and Asia.

Grosvenor Group had resources underneath government of £13.1 billion ($17.1 billion) during a finish of final year.

Gerald Cavendish Grosvenor became a sixth Duke of Westminster in 1979, inheriting a pretension from his father.

In further to overseeing a family’s fortune, he spent decades in a U.K. Army reserves, rising to a arrange of vital general.

The duke was also a philanthropist, with a sold seductiveness in troops charities and farming conservation.

He is survived by his wife, Natalia, and their 4 children.

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