The Crown Estate is a collection of lands and assets owned by the British monarch, but it is managed independently. It includes a variety of properties, such as urban real estate, agricultural land, and coastal areas. The revenue generated from these assets goes to the UK Treasury, supporting public services and infrastructure. Established in its current form in 1961, the Crown Estate operates under a system of management that ensures transparency and accountability. It is not part of the royal family's personal wealth, and its profits help fund the Sovereign Grant, which supports the official duties of the monarchy.