Carlos III renounces a fortune of billions after an agreement with his government

Since he ascended the throne after the death of his mother, Isabel IIlast September, to Charles III He has been defined as an ecologist king for his commitment to sustainability and the environment. The monarch has been one of the first personalities in the world to have a speech against deforestation and the destruction of natural habitats.

One of his first decisions as King of England was to increase the participation of wind farms on the coasts and seas exploited by the sovereign fund and that its benefits would go directly to the State and consequently to the citizens.

Now, as the benefits of the wind farms skyrocket, he has reached an agreement with the Government of his country to halve the proportion of the benefits of the heritage that is paid to the Royal House through the sovereign subsidy, which will go from 25% in recent years to 12% as of next year. In 2022, that 25% translated into 86.3 million pounds (984 million euros).

As explained The Guardian, the Crown estate generated record profits of almost £500m from UK wind farms in the last financial year, almost £130m more than the previous year. The decision to adjust the sovereign grant cut was made by the father of the princes william y Harry together with the royal trustees: the prime minister, Rishi Sunak; The chancellor, Jeremy Huntand the person in charge of the monarchical finances, Michael Stevens.