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The Guardian - UK
The Guardian - UK
National
Jillian Ambrose

Crown estate triples pay of CEO in three years to nearly £1.6m

Dan Labbad
The crown estate chief executive, Dan Labbad, was paid three times his equivalent full-year pay of £517,000 for 2019 when he stepped into the role. Photograph: Bloomberg/Getty Images

King Charles’s property manager has tripled the pay of its chief executive in three years despite a mandate to return income to the Treasury “for the benefit of the nation”.

The crown estate, an ancient portfolio of land and property across England and Wales, paid Dan Labbad almost £1.6m last year, up by two-thirds from the year before, when he took home a pay packet of £945,000.

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