The Earl of Cadogan, owner of 90 acres of land around Sloane London, has get himself into the papers by announcing that he would not renew a lease after he went into a restaurant and disliked the food.
The Earl, 72, said after dining there in May 2008: "I didn't like the food and the prices are far too high. I can tell you that we won't be renewing their lease when it expires in two years' time. We are going to have a new development there."
The Old Etonian, whose family's wealth is estimated at almost £3billion, has now followed through with his pledge and the French brasserie will close on February 26. Local residents have launched a petition.
Actually, as we have pointed out, on many occasions, land is not wealth, but this episode makes me wonder if we have not been wrong all along.