King of Great Britain Charles III.
Photo: REUTERS
Britain’s King Charles III has refused to profit from the use of wind power generators, saying some £1bn worth of money should go towards the “general public good”.
The grand gesture comes amid news from Buckingham Palace about six new leases for offshore wind farms that the royal family began benefiting from some 20 years ago under Prime Minister Tony Blair.
As a rule, such deals lead to a significant increase in funding for the British royal family, but this time the king decided to do things differently.
It is known that more than £86 million is spent annually to finance the monarchy in the UK. The total value of the royal family’s possessions is estimated at 15 billion pounds, of which maritime possessions are at least 5 billion pounds.
Last year alone, the income of the British royal family increased by more than 310 million pounds.
