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International Business Times UK
International Business Times UK
Regyl Jaen

King Charles' Property Empire Earns £1.2 Billion as Offshore Wind Turns Cash Machine

the Crown Estate Crown Estate Dan Labbad The Royal Family Britain King Charles III
Britain's offshore wind boom boosted public finances, returning £487M to the Treasury and funding King Charles III's duties with £132.1M. (Credit: The Royal Family/Facebook)

The rapid boom of Britain's offshore wind industry generated more than £1B in annual profits for the Crown Estate three years in a row.

The estate reportedly earned £1.2B in net profits for the last financial year, nearly three times the amount it earned three years earlier and driven mostly by payments coming from offshore wind developers.

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