Hugh Grosvenor, who is godfather to Prince George of Wales (son of Prince William) and Prince Archie of Sussex (son of Prince Harry), has reportedly been forced to make the £700 million decision over a 340-year-old family empire.
The Duke of Westminster’s real estate company, the Grosvenor Group, is reportedly looking to sell its US real estate assets worth millions after a huge loss, according to multiple outlets.
The company’s chief executive James Raynor said the property portfolio would be sold “over a period of time”, which as of Bloomberg.
According to reports, the group registered a heavy loss in the North America region and globally in 2025.
The group’s website lists several US properties across Seattle, San Francisco, Los Angeles and Washington that are well-connected locations.
The company also boasts an impressive London portfolio with significant property in Mayfair and Belgravia.
The roots of the Grosvenor Group go back over three centuries, having been founded in 1677 by Hugh’s ancestor, Sir Thomas Grosvenor, 3rd Baronet.
Hugh is the only son of the late Gerald Grosvenor, the 6th Duke of Westminster, and his wife Natalia, who also share three daughters from their 38-year marriage.
The Duke of Westminster has reportedly donated a huge personal sum to an important cause supported by close friend and future British monarch Prince William.
When his father died unexpectedly in August 2016 of a heart attack, Hugh inherited the dukedom and control of the historic Grosvenor Estate.
He took over the family’s Westminster Foundation and became chairman of the family’s property group. The Duke also has a net worth of billions and topped The Sunday Times 40 Under 40 Rich List in 2024 with an impressive fortune of £10.1 billion.
