- He is the nephew of Lew Grade and Bernard Delfont and the son of Leslie Grade. He is the brother of agent Anita Land. He has a son, Samuel, with third wife Francesca.
- He loves opera and supports Charlton Athletic Football Club.
- In April 2004, he was appointed Chairman of the BBC Board of Governors. In November 2006, Grade and the BBC confirmed that he was to resign from his post with the BBC to replace Sir Peter Burt as Chairman and Charles Allen as Chief Executive of commercial rival ITV. In early 2007, he became Executive Chairman of ITV plc.
- He is an Associate Member of RADA.
- He was interviewed for the job of Director-General of the BBC in 1987 following the ousting of Alasdair Milne by the Margaret Thatcher government.
- He was famous for wearing braces for many years.
- He is a Conservative Party supporter and since retiring from television he has taken a position as a Tory peer in the House of Lords.
- He is often erroneously referred to as the BBC One controller who cancelled the original series of Doctor Who (1963). Actually, he put it on an 18 month hiatus in 1985 and brought it back in September 1986. He also made the decision to remove Colin Baker from the lead role in 1986. The series was actually permanently cancelled by Peter Cregeen, the Head of Series at the BBC in 1989, when Jonathan Powell was controller of BBC One and two years after Grade had left the BBC.
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