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The Richest Man in England.

TllK Duke of Westminster, who was recently married to Lady Catherine Cavendish, is one of the wealthiest men in the world. Ho comes of an ancient family which crossed the Channel with the Conqueror, but it is a family which acquired no distinction, save as great landlords with. fat rent rolls, until the present century, when the lirst Earl, Grosvcuor, gained a reputation as a -Uppsrtcr of the British turf, and the second Earl, by siding with the Reformers in 1831, give the family the Liberal bias which it still preserves. The third Earl and present Duke succeeded in. 1869 his father, who was so avaricious that when the Great E-istern was launched some London wit suggested that it bo named tne Marquis of Westminster, because it was the " greatest screw in existence." The present Duke is credited with owning 19,437 acres, which brings in a, nominal rent of i' 37,000, while he has expecta'iousof succc ding to his mother's estate, which yields nearly as much again, But his main claim to great wealth rests ia his London property. He owns entire blocks in tho fashionable West End of London, the rentals irom which _ now amount to an enormous sum, and will be greatly increa»cd at the end of this century, when the present leases expire. The Duke has numerous town and country houses, a magnificent library, the finest private collection pf manuscripts in tbe world, and a stable of thoroughbreds, among which are Bend Or, Shotover, Peregrine and other famous flyers. Ho is very liberal in his charitable gifts.rivalling iv this respect the Baroness BurdettCoutfs. His bride is thirty years his junior, but this is no uncommon circumsiance in the family, as an ancestor of his married at 70, • had live children and lived to the ripe old sge of 90. Yanderb'lt and Gould are counted as wealthy men. but their speculations will have to yield many fold before they keep pace with the increase of the Duke of Westminister's London property. The latter proves the oft-repented -abortion that nothitig is so sure to increase in value as well-selected real estate, The growth of London has been extraordinary, and its present advance and wealth is marvellous, but this increase is no mure astonishing than that of New York, Chicago or San Francisco. The solid millionaires of the [ twentieth century in this country will not be tho speculators, hut the owners of v ( a», I Inablo real estate in the great cities..

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS18820923.2.34.10

Bibliographic details

The Richest Man in England., Auckland Star, Volume XVI, Issue 3782, 23 September 1882, Supplement

Word Count
417

The Richest Man in England. Auckland Star, Volume XVI, Issue 3782, 23 September 1882, Supplement

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