It was created on 19 July 1906 as part of the King's Birthday Honours for the stockbroker Walpole Greenwell.
[4][5] The heir apparent is the present holder's son Alexander Bernard Peter Greenwell (born 1987).
The first Baronet had also been High Sheriff of Surrey in 1903 (having been first nominated in 1900) and His Majesty's Lieutenant of the City of London.
[8] Bernard Greenwell had been educated at Harrow and Trinity College, Cambridge, before serving in the Second Boer War where he earned the Queen's South Africa Medal with four clasps.
Like his father, he also bred stock, and in 1938 he purchased the entire herd of Shorthorn cattle reared by William Duthie at Collynie in Aberdeenshire, considered one of the best in the country.