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The Guardian - UK
The Guardian - UK
National
Jillian Ambrose Energy correspondent

Head of king’s property portfolio given 20% pay rise to £1.9m

The Crown Estate chief executive officer, Dan Labbad
Dan Labbad’s latest payday is more than three and a half times the £517,000 he earned in 2019 when he stepped into the role. Photograph: Bloomberg/Getty Images

King Charles’s property management company has given its chief executive a pay increase of almost 20% after tripling his pay packet over the previous three years.

The crown estate, the royals’ ancient portfolio of land and property across England and Wales that includes the seabed around its coasts, paid Dan Labbad almost £1.9m for the last financial year amid a rise in profits powered by offshore wind developments.

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