Hugh Grosvenor, godfather to Prince George of Wales (son of Prince William) and Prince Archie of Sussex (son of Prince Harry), has been forced to make a £700m decision over a 340-year-old family empire.
The Duke of Westminster’s property company, 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 CEO, James Raynor, said the real estate portfolio will be sold “over a period of time,” according to Bloomberg.
It comes amid reports that the group posted a huge loss in the North America region and globally in 2025.
The group’s website lists several US properties in Seattle, San Francisco, Los Angeles and Washington that are in well-connected locations.
The company also has an impressive portfolio in London, with significant properties in Mayfair and Belgravia.
The roots of the Grosvenor Group date back more than three centuries, when it was founded in 1677 by Hugh’s ancestor, Sir Thomas Grosvenor, 3rd Baronet.
Hugh is the only child of the late Gerald Grosvenor, 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 backed by his close friend and future British monarch, Prince William.
When his father died unexpectedly in August 2016 from 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 in the billions, topping the Sunday Times 40 Under 40 2024 list with an impressive £10.1 billion fortune.
