The first creation came in 1694 in the Peerage of England in favour of John Sheffield, 3rd Earl of Mulgrave.

The second creation came in the Peerage of the United Kingdom on 25 June 1838, in favour of Constantine Phipps, 2nd Earl of Mulgrave.

He was a noted politician and served as Lord Lieutenant of Ireland and as Home Secretary.

The heir apparent is the present holder's son John Samuel Constantine Phipps, Earl of Mulgrave (b.

There are other heirs in remainder to the earldom of Mulgrave descended from the younger sons of the first earl.