Prince Andrew’s finances are once again raising eyebrows as questions mount over how he continues to live so comfortably despite stepping back from royal life.
The former Duke of York gave up his royal duties in 2019 after his disastrous Newsnight interview, in which he tried to defend his friendship with Jeffrey Epstein. Earlier this month, the 65-year-old announced he was giving up his Duke of York title and other honors amid renewed public outrage over those same ties. But one question remains unanswered: where does the money come from?
“Apparently, many businesses connected to Andrew and [his ex-wife] Sarah have been profiled and promoted at Royal Lodge over the years,” royal expert Ian Pelham Turner told Fox News Digital. “But where does his money come from? That is the million-dollar question.”
Turner added that Andrew still enjoys support from “very wealthy individuals” for whom “millions are like pocket change.” He explained that the prince still has full use of Royal Lodge, his 30-room home in Windsor Great Park, where “he is able, within his extensive grounds, to carry out any project he wishes.”
According to The Guardian, the king’s younger brother has long maintained relationships with wealthy foreign associates, helping him keep his finances out of public view.
“The public is furious that Prince Andrew is still living in luxury,” broadcaster Helena Chard told Fox News Digital. “They want answers about his finances. People feel the king’s intervention is too little, too late. They want to understand where Andrew is getting the money to live this lavish life.”
Royal commentator Richard Fitzwilliams said Andrew’s only declared income is his Navy pension, worth around £20,000 a year. That, he noted, hardly covers his £18 million Swiss chalet or the upkeep of his Windsor estate, reportedly valued at around £30 million.
“The king used to give him an allowance of about £1 million a year and pay for his security, but that ended last year,” Fitzwilliams said. He added that Sarah Ferguson’s recent property sale in Belgravia likely helped, and that Andrew “may also have money from sources abroad we are unaware of.”
Andrew’s financial situation is murky at best. He reportedly received nearly £13 million in public funds over four decades, and later direct payments from the late Queen’s private wealth. That arrangement is believed to have continued through King Charles until last year.
Complicating things further, The Guardian reported that Andrew’s investment company, Urramoor Limited, was quietly shut down in January 2025.
Andrew’s connections have long raised questions. He was previously linked to businessmen from Kazakhstan and Libya and, according to newly uncovered emails, maintained contact with Epstein even after publicly cutting ties.
Last year, The Mail on Sunday reported that King Charles had secretly covered Andrew’s rent at Royal Lodge to keep him afloat, a claim royal biographer Ingrid Seward supported.
“The [late] Queen wouldn’t have left Andrew bereft,” Seward said. “She would’ve made a provision for him, and maybe that provision came through his elder brother as monarch.”
Chard added that Andrew likely inherited money from both his mother and grandmother, saying he “will also have made investments in his younger days and later life.”
Despite calls for Parliament to formally strip him of his royal titles, Andrew remains a prince by birth. For now, he still lives in royal luxury—just not with royal approval.
