Additional Coverage:
- Prince Andrew’s mystery millions continue to fuel lavish lifestyle as public demands answers (foxnews.com)
Prince Andrew’s Mysterious Millions: The Royal Pockets That Just Won’t Empty
Windsor, UK – Prince Andrew, once the apple of Queen Elizabeth II’s eye, continues to baffle royal watchers and the public alike with his seemingly bottomless pockets. Despite stepping back from royal duties in 2019 following his disastrous BBC “Newsnight” interview about his ties to convicted sex offender Jeffrey Epstein, and recently relinquishing his Duke of York title, questions about how the former royal funds his lavish lifestyle persist.
“Where does his money come from? That is the million-dollar question,” royal expert Ian Pelham Turner told Fox News Digital. Turner suggests that “very wealthy individuals” view millions as “pocket change” and may be supporting Andrew, especially as he still holds the keys to his sprawling Royal Lodge mansion.
This isn’t the first time Andrew’s finances have raised eyebrows. The Guardian previously reported that the King’s younger brother has a history of dealings with “wealthy, mainly foreign, people,” which has allowed him to keep his financial affairs largely out of the public eye for years.
British broadcaster and photographer Helena Chard echoed public sentiment, telling Fox News Digital, “The public is furious that Prince Andrew is still living in luxury. They want answers about his finances.” She added, “People feel the king’s intervention is too little, too late.”
Royal expert Richard Fitzwilliams notes that Andrew’s only publicly declared income is his Royal Navy pension, a modest sum of approximately £20,000 (about $26,640) annually. This amount, as The Guardian points out, hardly covers the upkeep of his current 30-room residence, Royal Lodge, valued at roughly $38 million, let alone the reported £18 million ($23.99 million) Swiss lodge he acquired in 2014.
King Charles reportedly ceased his £1 million ($1.33 million) annual allowance to Andrew last year, which also covered his security costs. While his ex-wife, Sarah Ferguson, recently sold her Belgravia home for a reported £3.85 million ($5.13 million), it remains unclear if this directly impacts Andrew’s personal finances.
Experts largely agree that the specifics of Andrew’s financial arrangements remain shrouded in secrecy. Property assets, private investments, and international business dealings are believed to be key components. Urramoor Limited, a financial firm managing Andrew’s private investments, was reportedly shut down in January 2025.
Buckingham Palace, when contacted for comment, reiterated that they do not address matters concerning Andrew as he is no longer a working royal.
Historical records show Andrew received public funds as a working royal between 1978 and 2010, with his last published figure being £249,000 ($331,000) a year in 2010. After that, the late Queen Elizabeth II reportedly made direct payments from her private wealth, a practice believed to have continued with King Charles until last year. Over four decades, Andrew is estimated to have received nearly £13 million ($17.3 million) for his royal duties.
Further complicating matters, a witness statement from Dominic Hampshire, a former aide to Andrew, released in April 2025, revealed meetings between the prince and Chinese businessman Tengbo Yang, a suspected spy. The British government barred Yang from entering the country in 2023 due to national security concerns. Andrew claims he ceased all contact with Yang upon receiving government advice.
Andrew’s financial dealings have a history of controversy, including the 2007 sale of his Sunninghill Park home for 20% above its £15 million asking price to Timur Kulibayev, son-in-law of then-Kazakhstan President Nursultan Nazarbayev, raising concerns about influence-peddling. His role as a government trade representative was also reportedly exploited to gain personal access to wealthy individuals, leading to “many dodgy doors for him” and links to “unsavory businessmen,” according to Chard.
In 2011, Andrew faced scrutiny over his friendships with Saif Gaddafi, son of the late Libyan politician Muammar Gaddafi, and a convicted Libyan gun smuggler. Emails reportedly obtained by British newspapers in 2025 further suggest Andrew wrote to Jeffrey Epstein in 2011, stating they were “in this together,” more than two months after claiming he had cut ties with Epstein.
Last year, reports surfaced that King Charles was secretly paying Andrew’s rent for Royal Lodge. While Buckingham Palace did not comment at the time, royal experts like Ingrid Seward believe the late Queen would have made provisions for Andrew, possibly through Charles. Chard also suggested Andrew likely inherited money from both his mother and grandmother and made personal investments throughout his life.
While Andrew has relinquished his Duke of York title, formally stripping him of all royal titles would require an act of parliament. As the son of the late queen, he will remain a prince. However, public and political pressure continues to mount for a complete formal removal of his remaining royal designations.