Britain’s King Charles III’s salary is fit for a, well, king. He stands to become even wealthier thanks to a massive rise in profit from the Crown Estate, a national $15.2 billion portfolio of historical and commercial land holdings. The net revenue profit from the Crown Estate more than doubled this year to a record nearly $1.2 billion, a whopping $713 million increase from the year prior, according to an annual report from the Crown Estate published Tuesday.
As a result, King Charles will get a $58 million pay raise in the form of a “bumper profit.” That means the taxpayer-funded Sovereign Grant, which supports the official duties of the British royal family, will increase by more than 50% from $93.6 million in 2024-2025 to $143.2 million during the following year. The pay raise will be allocated toward renovations to Buckingham Palace and other palace servicing, royal aids told The Guardian.
