The most common and most likely answer to this crossword clue is the 7 letter word GRANDEE
I've seen this crossword clue in The Times
G
R
A
N
D
E
E
More clues leading to the result GRANDEE
- VIP enraged, having been messed about
- VIP’s girl seen following older relative
- VIP taking old woman on river
- Important person taking old lady on river
- My Lord has invested currency — big fish
- Nobleman possibly becoming . . . .
- Bigwig’s cry of surprise grabbing money abroad
- One thousand pounds mid- week for Spanish noble
- Noble rank inspiring baron finally, last in line
- Any number put in rank alongside Eastern VIP
Buddy explains!

The straight part
We know that "VIP" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case vip = grandee.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does GRANDEE mean?
GRANDEE noun- A high-ranking nobleman in Spain or Portugal.
- (by extension) A person of high rank.
- The title for a high ranking nobleman in Spain or Portugal.