News Business 20 richest people in 20 major countries

20 richest people in 20 major countries

New Delhi: Forbes has released their annual list of the world's richest people ranking a giant 1,645 billionaires across the globe. Among the top 50 are the usual faces of tech (as in Facebook and

The richest Brit: Gerald Cavendish Grosvenor

Net worth: US$13-billion

Forbes rank: 81




Gerald Cavendish Grosvenor is UK's richest landlord. Known formally as the 6th Duke of Westminster, he owns 190 acres in Belgravia, an area adjacent to Buckingham Palace and one of London's most expensive neighborhoods. He was born in the county of Omagh in Northern Ireland to father Robert Grosvenor (5th Duke of Westminster) and mother Viola née Lyttelton. His wealth is due to ownership large areas of lands across Britain and several properties in different cities. Grosvenor formed Grosvenor Group which is one of the largest property developers in the United Kingdom. Last year London-based Grosvenor Group added £395m profit to its kitty and has built up a war chest of nearly £1 billion to return to global property markets. It plans to expand out of its traditional London stamping ground into Asia, especially China, and in November it spent £70m acquiring luxury properties in Scotland.

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