Prince Andrew Net Worth

What is Prince Andrew's Net Worth?

Prince Andrew is a member of the British royal family who has a net worth of $2 million. As we detail in the next section below (and throughout this article), the financial lives of Prince Andrew and his ex-wife Sarah Ferguson form an intricate onion of opacity — every layer reveals another, equally perplexing one beneath it. Decades of entanglements, debts, and discreet benefactors have created a structure so convoluted that even seasoned royal watchers struggle to tell where generosity ends and obligation begins. For example, how did Andrew afford to pay £18 million for a Swiss ski lodge in 2003? How does he afford to maintain his English estate, Royal Lodge, when his only known income is a £20,000 annual military pension? Between 1978 and 2010, he received an annual public stipend. In 2010, his stipend was £249,000. In 2011, the stipend was removed and he was subsequently supported by his mother using her own private wealth.

Officially known as Prince Andrew, Duke of York until 2025, he is the second son and third child of the late Queen Elizabeth II and Prince Philip, Duke of Edinburgh. Once celebrated for his military service in the Falklands War and his charm as a bachelor prince, Andrew's public image has been almost entirely consumed by scandal. Over the past two decades, he has faced mounting scrutiny for his business connections, lavish spending, and especially his friendship with convicted sex offender Jeffrey Epstein. In 2019, a disastrous BBC interview effectively ended his public life, and in 2022, he reached an out-of-court settlement with Epstein accuser Virginia Giuffre.

In October 2025, amid renewed public outrage and the release of Giuffre's posthumous memoir, Andrew announced that he would stop using his title "Duke of York" and other royal honors. Though he technically remains a prince by birth, Buckingham Palace confirmed he is excluded from royal duties, patronages, and most family events. Once one of the monarchy's most visible figures, Andrew now lives quietly at Royal Lodge, the Windsor estate he shares with his ex-wife, Sarah Ferguson, having fallen further from grace than any modern royal before him.

As we detail in the sections below, after years of asset sales, legal settlements, and the end of royal financial support, Prince Andrew's net worth has dwindled significantly in recent years. He has no known business ventures or external income, his main tangible asset being his long-term leasehold at Royal Lodge — a property that he cannot sell and must continue to maintain at his own expense. Once flush from royal privilege and a property windfall, the Duke of York now finds himself effectively asset-rich but cash-poor, reliant on dwindling reserves and facing a future without financial backing from the monarchy.

Finances and Real Estate

Lack of Duchy Income and Reliance on the Queen

Unlike his elder brother King Charles, who controls the immensely profitable Duchy of Cornwall estate, Prince Andrew has never had a hereditary income. For most of his adult life, he was financially supported by Queen Elizabeth II, who provided him with a tax-free annual allowance worth roughly £249,000 (about $322,000). That stipend was officially meant to cover staff and office costs associated with his public duties, but it effectively served as his primary source of income. When Andrew stepped back from royal life in 2019 following his disastrous BBC interview, the allowance was quietly discontinued. However, he still had a separate £1 million allowance. Unfortunately, King Charles ended that allowance in 2024. From that point on, Andrew has had no formal income beyond modest investments and his Royal Navy pension, which amounts to £20,000 per year.

For decades, Andrew's finances were largely dependent on the Queen's personal generosity. She was known to cover many of his expenses, including staff, travel, and even personal protection after he lost taxpayer-funded security. She also reportedly helped fund his legal bills, including a portion of the £9–12 million settlement he reached with Virginia Giuffre in 2022. Following her death, those financial safety nets vanished. King Charles has refused to reinstate any official stipend and has reportedly pressured Andrew to downsize his residence to reduce the costs of maintaining him as a non-working royal.

Sunninghill Park Sale and Cash Windfall

One of the few significant financial windfalls in Andrew's life came from the sale of Sunninghill Park, a 12-bedroom country estate that Queen Elizabeth had gifted to Andrew and Sarah Ferguson as a wedding present in 1986. After years on the market, he sold the property in 2007 for £15 million (approximately $20–30 million), about £3 million above its asking price. The buyer turned out to be an offshore trust linked to Kazakh businessman Timur Kulibayev, son-in-law of then-President Nursultan Nazarbayev. The sale drew scrutiny for its inflated price and foreign connections, and the house remained vacant and deteriorating for more than a decade afterward. Nonetheless, the deal provided Andrew with his largest known cash infusion, which appears to have funded much of his later spending.

Royal Lodge Lease and Mounting Upkeep Costs

In 2003, following the Queen Mother's death, Andrew acquired Royal Lodge, a 30-room mansion on the Windsor Great Park estate that had been her longtime home. He did not buy the property outright; instead, he secured a 75-year lease from the Crown Estate by paying a £1 million upfront premium and agreeing to personally finance at least £7.5 million in renovations. The lease allows him to live there rent-free but prohibits subletting or resale for profit. After 25 years, any compensation he might receive for his improvements drops to zero, making the arrangement financially one-sided.

Maintaining the massive property has become increasingly difficult since he lost his royal income, and King Charles has reportedly urged him to relocate to smaller quarters such as Frogmore Cottage. Andrew has refused, insisting on staying put for the remainder of his lease. The Queen is believed to have privately paid for his security at Royal Lodge for several years before her death, a cost that has since been withdrawn.

If Andrew voluntarily gives up his lease, the Crown Estate would be contractually obligated to pay him £185,865 per year through 2028.

Verbier Chalet Purchase and Lawsuit

In 2014, Andrew and Sarah Ferguson made another controversial real estate move by purchasing Chalet Helora, a seven-bedroom ski home in Verbier, Switzerland, for CHF 22 million (around £18 million or $25 million). The couple reportedly paid only 25 percent down and financed the remainder through a private installment agreement with the seller, French socialite Isabelle de Rouvre. When the Yorks failed to pay the remaining £5 million due, de Rouvre sued in Swiss court. By 2021, the outstanding debt had ballooned to nearly £6.6 million with interest.

Under mounting legal and financial pressure, Andrew finally settled the debt in late 2021, allowing him to sell the chalet in 2022 for roughly £19 million. Most of the proceeds reportedly went toward legal fees and the Giuffre settlement, leaving him with little cash afterward.

Divorce Settlement and Financial Fallout

Andrew's divorce from Sarah Ferguson in 1996 also exposed the relatively modest nature of his personal fortune. While Princess Diana received an estimated £17–22 million from Prince Charles, Fergie's total settlement from Andrew was only about £3 million, including £900,000 to purchase a new home, £600,000 in cash, and roughly £1.4 million placed in trust for their daughters, Beatrice and Eugenie. The small payout forced Ferguson to support herself through writing, endorsements, and speaking engagements, and when she later fell millions of pounds into debt, Andrew again stepped in to help stabilize her finances. It was later revealed that part of that "rescue" involved an ill-advised £15,000 payment from Jeffrey Epstein in 2011 to cover one of Ferguson's minor debts.

Early Life and Naval Career

Andrew Albert Christian Edward was born on February 19, 1960, at Buckingham Palace in London. As the second son of Queen Elizabeth II and Prince Philip, he was second in the line of succession at birth, following only his older brother, Charles. He attended Heatherdown Preparatory School in Berkshire and later Gordonstoun, the Scottish boarding school also attended by his father and brothers.

After completing school, Andrew followed family tradition by joining the Royal Navy. He entered the Britannia Royal Naval College in Dartmouth and trained as a helicopter pilot, later qualifying to fly the Lynx helicopter. During the 1982 Falklands War between Britain and Argentina, Andrew served aboard the aircraft carrier HMS Invincible, flying missions that included anti-submarine operations and casualty evacuations.

He continued in the Navy for more than two decades, eventually attaining the rank of Commander. He retired from active service in 2001 but retained several ceremonial military appointments until they were withdrawn in 2022 amid public pressure over his conduct.

Royal Duties and Public Roles

Following his naval career, Andrew represented the Crown in various official capacities. From 2001 until 2011, he served as the United Kingdom's Special Representative for International Trade and Investment, promoting British business interests abroad. However, his tenure became controversial due to his associations with questionable foreign leaders and businessmen, earning him the nickname "Airmiles Andy" for his extensive taxpayer-funded travel.

After his resignation from that role in 2011, Andrew continued to attend royal engagements and patronize over 100 charities and organizations, including the National Society for the Prevention of Cruelty to Children and the Outward Bound Trust. His reputation, however, remained clouded by allegations of impropriety and poor judgment, particularly regarding his social circle.

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Scandals and the Epstein Connection

Prince Andrew's relationship with Jeffrey Epstein dates back to the late 1990s. Even after Epstein's 2008 conviction for soliciting prostitution from a minor, Andrew continued to associate with him—visiting his properties and hosting him in London. The friendship became a source of public outrage when photographs surfaced showing Andrew with Epstein and Ghislaine Maxwell, along with a now-infamous image of the prince with Virginia Giuffre, who has alleged that Epstein trafficked her to Andrew for sex when she was 17.

Andrew has consistently denied any sexual misconduct. However, his 2019 interview with the BBC's "Newsnight," intended to clear his name, backfired spectacularly. He appeared evasive and unsympathetic, famously claiming he could not sweat and that he had been at a Pizza Express restaurant on one of the nights in question. The interview drew near-universal criticism, forcing Andrew to "step back from public duties for the foreseeable future."

In 2022, Giuffre filed a civil lawsuit in New York accusing Andrew of sexual assault. He settled the case for an undisclosed sum, reportedly around $10 million, without admitting guilt. Several outlets reported that Queen Elizabeth II helped cover part of the payment. As part of the agreement, Andrew pledged a donation to Giuffre's charity supporting victims of sex trafficking.

In the wake of the lawsuit, the Queen stripped him of all remaining military titles and royal patronages, and he ceased using the style "His Royal Highness."

Loss of Titles and 2025 Fallout

By 2025, public anger toward Andrew reignited following the release of newly surfaced emails showing that he remained in contact with Epstein longer than he had publicly claimed. Around the same time, Giuffre's memoir "Nobody's Girl" was scheduled for release, containing new details of her alleged encounters with the prince.

Days before the book's publication, Andrew issued a statement saying he would "no longer use my title or the honors conferred upon me," describing the move as a personal decision made "with His Majesty's agreement." Buckingham Palace confirmed that the decision was discussed with King Charles III but emphasized that Andrew still legally holds the dukedom, as only Parliament can revoke a royal title.

In the months that followed, reports indicated that Prince William was prepared to take a harder line once he becomes king, with plans to bar Andrew from all future royal events, including coronations and family gatherings. The palace has since confirmed that Andrew will not attend official engagements and will no longer join the family's Christmas celebration at Sandringham.

Though stripped of nearly every title and honor, Andrew continues to live at Royal Lodge on the Windsor estate. His lease, which runs until 2078, prevents the Crown from evicting him, despite long-standing tension with the royal household over the property's upkeep and financing.

Personal Life

Andrew married Sarah Ferguson, affectionately known as "Fergie," in July 1986 at Westminster Abbey. The couple had two daughters, Princess Beatrice and Princess Eugenie, before separating in 1992 and divorcing in 1996. Their relationship, filled with tabloid controversies and public embarrassments, including Ferguson's own financial scandals, made them a favorite target of the British press.

Whereas Princess Diana received an estimated £17–22 million from Prince Charles, Ferguson's payout totaled only about £3 million. The package reportedly included £900,000 to purchase a new home, £600,000 in cash, and around £1.4 million placed in trust for her daughters, Princess Beatrice and Princess Eugenie.

In the years that followed, Ferguson tried to reinvent herself as an author, motivational speaker, and businesswoman. She published several children's books and memoirs, became a U.S. spokesperson for Weight Watchers, and launched lifestyle ventures including a wellness brand and a production company. Despite her efforts, many of these projects failed to generate lasting income, and her spending habits outpaced her earnings.

By the late 2000s, Ferguson had amassed serious debt. In 2009, she admitted she owed at least £600,000 after the collapse of her U.S.-based lifestyle company, but later reports suggested her total personal and business liabilities were closer to £5 million. Facing lawsuits from creditors and potential bankruptcy, Ferguson's financial collapse became front-page news in the U.K. tabloids — an extraordinary situation for a woman who had once lived inside the royal fold.

Despite their divorce, Andrew and Ferguson have continued to share a close relationship. They live together at Royal Lodge and have often been described as "the most contented divorced couple in the world." Ferguson, who retained the Duchess of York title after their divorce, formally relinquished its use in 2025 following Andrew's loss of titles.

Andrew's daughters have maintained their positions within the royal family, though neither holds active royal duties. They are expected to remain part of public events under the reign of William and Catherine.

Public Perception and Legacy

Prince Andrew's reputation has been irreparably damaged. Once regarded as a war hero and devoted son of the Queen, he is now widely viewed as a liability to the monarchy. Historians and commentators have noted that his downfall represents one of the most severe disgraces ever to befall a senior royal.

Following Queen Elizabeth II's death in 2022, Andrew's isolation deepened. With King Charles's health challenges and Prince William's increasing authority, the royal family appears united in minimizing Andrew's visibility. Polls show that public support for the monarchy has declined in recent years, and many Britons believe Andrew's scandals have contributed to that erosion.

While he remains a prince by birth, Andrew's official life as a working royal is effectively over. His story now stands as both a cautionary tale and a major chapter in the modern royal family's struggle to preserve its relevance and reputation in the face of scandal.

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