The Crown Estate and Duchy of Cornwall Estate released their annual reports.
Charles, 75, and fellow members of Britain's royal family are expected to see a nearly $60 million increase in the sovereign grant, the money the royal family receives annually from the U.K. government.
The Crown Estate's profits rose from £443 million in 2022-23 to £1.1 billion in 2023-24, according to its annual report King Charles III and Prince William, Prince of Wales attend the official handover during which The King passes the role of Colonel-in-Chief of the Army Air Corps to The Prince of Wales and presents him with the blue beret and belt of the Army Air Corps at the Army Aviation Centre, Middle Wallop on May 13, 2024.
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