Meaning of the word "it's an ill wind that blows no one any good" in English

What does "it's an ill wind that blows no one any good" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

it's an ill wind that blows no one any good

US /ɪts ən ɪl wɪnd ðæt bloʊz noʊ wʌn ˈɛni ɡʊd/
UK /ɪts ən ɪl wɪnd ðæt bləʊz nəʊ wʌn ˈɛni ɡʊd/
"it's an ill wind that blows no one any good" picture

Idiom

said to mean that even a very bad situation usually has some good results or benefits someone

Example:
The shop was damaged in the storm, but the repair work gave jobs to local builders; it's an ill wind that blows no one any good.
When the rival company went bankrupt, we gained all their customers; it's an ill wind that blows no one any good.