Royal accounts show estate made £1.1bn profit, meaning sovereign grant will rise to £132m for 2025-26
King Charles is set for a huge £45m pay rise with an increase of more than 50% in his official annual income, official accounts reveal.
Profits of £1.1bn from the crown estate – a percentage of which funds the monarchy – mean the sovereign grant, which supports the official duties of the royal family, will rise from £86m in 2024-25 to £132m in 2025-26.
Continue reading...Fees for accessing UK seabeds help boost profits to £443m while King Charles says some of surplus will go towards public good
The crown estate has generated record profits of almost half a billion pounds from Britain’s offshore windfarms, as talks continue over how much of the windfall should be shared with King Charles.
The royal property manager made £443m in profits in its last financial year, up by almost £130m from the year before, in large part thanks to payments made by renewable energy companies for the right to access the seabed.
Continue reading...