Net Worth Ranker
What Is Prince Andrew’s Net Worth?
Prince Andrew, the Duke of York, a member of the British royal family, holds an estimated net worth of $5 million. Born Andrew Albert Christian Edward on February 19, 1960, at Buckingham Palace, London, he is the third child and second son of Queen Elizabeth II and Prince Philip, Duke of Edinburgh.
Prince Andrew’s Royal Life and Naval Career
As a member of the royal family, Prince Andrew’s early life was marked by privilege and access to elite education. He attended prestigious schools, preparing him for his future roles. His position in the line of succession significantly shaped his early years, being second in line to the throne at birth until the birth of Prince William in 1982.
Prince Andrew’s career outside royal duties included service in the Royal Navy. He underwent pilot training at the Royal Naval College Flight and served as a helicopter pilot, actively participating in the Falklands War in 1982. During his naval career, he achieved the actual rank of commander and the honorary rank of rear admiral. He formally left the Royal Navy in July 2001, and in July 2005, he was promoted to honorary captain. His various posts in the British army, navy, air force, and Commonwealth forces reflect his commitment to military service.
From 2001 to 2011, Prince Andrew served as the United Kingdom’s Special Representative for International Trade and Investment, promoting British business interests abroad. He also holds positions in the Diplomacy Section of the Naval Staff at the Ministry of Defense, further emphasizing his ongoing involvement in national affairs.
Prince Andrew is involved with over 100 organizations, including Fight for Sight, Defeating Deafness, and the Commonwealth Society for the Deaf. He serves as chairman of the National Society for the Prevention of Cruelty to Children’s Full Stop Campaign, executive chairman of trustees of the Outward Bound Trust, and patron of the British Schools Exploring Society and the Sea Cadets. These roles showcase his dedication to charitable causes and public service.
Prince Andrew’s Finances and Real Estate Holdings
The Duchy of Cornwall Trust, controlled by his brother Prince Charles, generates approximately $20 million in annual income. However, Prince Andrew does not inherit from this trust directly. For many years, until January 2022, he received a tax-free annual allowance of $322,000 from his mother, Queen Elizabeth II.
Prince Andrew’s real estate portfolio includes notable properties. In 2014, he purchased a seven-bedroom luxury lodge in Switzerland for $17 million. The chalet was bought from French socialite Isabelle de Rouvre with payment terms involving installments. A mortgage covered roughly 75% of the purchase price, with the remainder to be paid directly to de Rouvre in installments. However, Ms. de Rouvre claimed that Andrew and Sarah failed to make the first installment of approximately $6 million.
A lawsuit was filed by de Rouvre in Swiss court after Andrew and Sarah failed to meet deferred payment deadlines. In late 2021, Andrew made a $9 million payment to secure the property, reportedly intending to sell it to fund his legal battles in America against a sexual assault accuser.
In 1986, Prince Andrew received Sunninghill House, a large country estate, as a wedding gift. In 2007, Timur Kulibayev, the son-in-law of Nursultan Nazarbayev, the former autocratic ruler of Kazakhstan, purchased the property for $20 million, several million dollars over asking. After the purchase, the estate remained empty for over a decade.
Prince Andrew’s primary residence is Royal Lodge, a $10 million mansion in the English countryside. The property is owned by the Crown Estate and was the former residence of the Queen Mother. Andrew lives at the estate on a 100-year lease arrangement with the Crown Estate.
Personal Life and Relationships
Prince Andrew was married to Sarah Ferguson from 1986 to 1996. Their marriage attracted significant media attention. They have two children, Princess Beatrice Elizabeth Mary (born on August 8, 1988) and Princess Eugenie Victoria Helena (born on March 23, 1990). Upon their divorce, Andrew was ordered to pay Ferguson $600,000 in cash plus $900,000 to buy a new home. This contrasts with Princess Diana’s divorce settlement, which was estimated at $24 million.
Controversies and Resignation from Public Roles
Prince Andrew has faced heavy criticism over his friendship with convicted pedophile Jeffrey Epstein. He maintained this relationship, including traveling with and staying at Epstein’s mansions, even after Epstein served time in jail.
Virginia Giuffre alleged that Andrew initiated a sexual encounter that was orchestrated by Epstein. She claims that she was trafficked to Andrew by Epstein in March 2001 and produced a photo allegedly showing Andrew, Virginia, and Ghislaine Maxwell. Virginia claimed she had sex with Andrew three times, including once in London in 2001 when she was 17, and alleges that Epstein paid her $15,000 to have sex with the Prince. Andrew has denied these accusations.
In May 2020, Prince Andrew resigned from public roles as a member of the British Royal Family. In February 2022, an undisclosed settlement was reached with Virginia Giuffre, estimated in the $10 million range. The settlement was in the form of a substantial donation to Ms. Giuffre’s charity that supports sex trafficking victims. Reports indicated that the Queen assisted Andrew in paying the settlement because he could not personally cover the debt.
