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The richest aristocrats in Britain list is led by a 28-year-old Duke

Lianna Brinded
Head of Yahoo Finance UK
Hugh Grosvenor, Duke of Westminster attends the wedding of Charlie van Straubenzee and Daisy Jenks at the church of St Mary the Virgin on August 4, 2018 in Frensham, England. Prince Harry attended the same prep school as Charlie van Straubenzee and have been good friends ever since. (Photo by Max Mumby/Indigo/Getty Images)

Aristocrats are some of the richest people in Britain and at the top of the list for those types of people is 28-year-old Hugh Grosvenor, the 7th Duke of Westminster, according the Sunday Times Rich List.

However, the Queen ranks way down the table for overall richest people in Britain and only 17th in the aristocrat list.

Every year, the Sunday Times calculates who are the richest people in Britain and release dozens of lists, according to identifiable wealth including land, property, other assets such as art, and shares in companies. The calculations do not include the amount contained in people's bank accounts. One of the lists rank the richest aristocrats in the UK — which total 38 people and their families.

Hugh Grosvenor has a fortune of £10.1bn ($13.1bn) after he inherited his family’s huge property portfolio following the death of this father in 2016. The Grosvenor family’s property portfolio includes some of the most affluent and sought-after locations in Britain. The 300 acres of property they own include that in London’s Mayfair and Belgravia and investments in 60 cities worldwide.

Grosvenor’s wealth not only allowed him to top the table for richest aristocrats but also as the wealthiest person in Britain aged 30 and under. He also ranks as the 14th richest person in Britain.

READ MORE: The richest people in Britain aged 30 or under

Property, land, and art is a key component for the wealth of aristocrats. As you can see in the table of the 20 richest aristocrats, those industries has allowed them to remain billionaires or even richer than the Queen:

Source: Yahoo Finance/Infogram/Sunday Times

The Queen ranked just a 17th in the richest aristocrats table and as the joint 356th richest person in Britain with a fortune of £370m alongside logistics mogul Steve Parkin.

While her fortune remained the same as last year, she slipped down the ranking from joint 344th.

READ MORE: The richest people in Britain