Britain’s King Charles is set for a bumper £45 million ($58 million) pay raise after profits at the sovereign’s public estate more than doubled,…
Britain's King Charles is set for a bumper £45 million pay raise after profits at the sovereign's public estate more than doubled, according to official records.
LONDON — Britain's King Charles is set for a bumper £45 million pay raise after profits at the sovereign's public estate more than doubled, according to official records.Profits of The Crown Estate — a portion of which funds the monarchy — increased 148% from £443 million in 2022-23 to £1.1 billion in 2023-24, an
The bumper results were derived primarily from the sale of options and leases on offshore wind projects on the seabed surrounding the British Isles, which is owned by The Crown Estate.CEO Dan Labbad said the record results were due to decades of investment in offshore wind — sustainable energy being one of the king's passion projects — as well as a"diverse and resilient" property and land portfolio.
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