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Coachella Valley Association of Governments
By Hank Stokes
The latest (London) Sunday Times Brit “Rich List” places the Duke of Westminster at No. 3 with an estimated net worth of £7 billion ($14 billion). “Well,” you say, “dukes are supposed to be rich.” Ah, but there’s a local connection. The River at Rancho Mirage is owned by Grosvenor USA Limited, a subsidiary of London-based Grosvenor — itself a dynamic worldwide property-holding firm wholly owned by the 500-year0old Grosvenor family, of which the Duke of Westminster is both titular and actual head. So be very nice to him.
The opinions expressed in the Valley Observer are those of Hank Stokes. He can be reached in care of Palm Springs Life.
