£9bn inheritence

[Telecaster]

So the Duke of Westminster has inherited the family fortune, but reading about it it seems as though a lot of it is down to land owned in Mayfair and Belgravia, so is this theoretical/paper wealth that couldn't realistically be released?

I don't quite understand how someone can own land that loads of people live on, who pays rent on it, government from council tax or what? He's not a landlord in the traditional sense as I presume most people who live in Belgravia and Mayfair own their own pile, so how could he release the capital in this land when thousands of people live on it?

 

[Telecaster]

He is a landlord in a very traditional sense... he's an aristocrat who owns a big expensive estate what more do you want in terms of 'traditional sense' of the word 'landlord'?

I meant as in someone who owns a house and then rents it out, are you saying he personally owns all the property outright in Mayfair and Belgravia and just rents it out?