The 61-year-old star is nominated in the Best Supporting Actor category at this year's Academy Awards for his role in Can You Ever Forgive Me?.
Olivia, 30, looked every inch the proud daughter as she posed alongside her dad in a black, floor-length glown with a sweetheart neckline and long sleeves.
The brunette beauty teamed her look with black heels, and kept her hair loose and wavy.
Excited Richard waved at waiting photographers, looking smart in a burgundy suit jacket that he teamed with a white shirt, black bow tie, and dark trousers.
Richard and Olivia run a unisex perfume business, JACK, together, and the actor spent much of his time on the red carpet this evening gushing about his daughter.
Speaking to ABC, he said: "My daughter, absolutely gorgeous, she’s 30 and she works in casting so I’m guaranteed a job for life, hopefully."
Olivia added: "I’m just proud. It’s been the best ride to go on together."
Viewers at home adored the sweet father-daughter relationship, with one tweeting: "Aw. So love @RichardEGrant. He is so cute standing on the red carpet with his daughter."
Another added: "Richard E Grant bringing his daughter to Oscars, I love tears."
A third said: "Richard E Grant with his beautiful daughter Olivia… LOVE this!"
Richard has tickled fans this Awards season, with his sweet reaction video to being nominated for an Oscar immediately going viral.
The chuffed British star was visibly overwhelmed by the nod, but he has admitted that he doesn't expect to win tonight – instead predicting that Mahershala Ali will take home the accolade for his role in Green Book.
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