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The Guardian - UK
The Guardian - UK
National
Lauren Almeida

King Charles to receive £132m next year after crown estate makes £1.1bn profit

King Charles
The crown estate partly funds King Charles and the rest of the royal family. Photograph: Chris Jackson/Reuters

King Charles is set to receive official annual income of £132m next year, after his portfolio of land and property made more than £1bn in profits thanks to a boom in the offshore wind sector.

Profits at the crown estate – which partly funds the monarchy – were flat at £1.1bn in its financial year to the end of March but more than double their level two years ago, at £442.6m.

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