The Crown Estate has tripled the pay of its chief executive since he joined in 2019.
Dan Labbad was paid almost £1.6m last year, up by two-thirds from the year before, when he took home a pay packet of £945,000.
But the latest payday was three times his equivalent full-year pay of £517,000 for 2019, when he stepped into the role.
It is also almost £1m more than his predecessor, Alison Nimmo, was paid in her final year at the helm.
The rise puts Labbad’s salary well above the remuneration typically awarded to those who manage taxpayer funds, and in line with his pay in his previous role as chief executive of Lendlease, a multinational for-profit construction and real estate company.
