Prince Andrew, the disgraced royal, has amassed an estimated £37 million fortune despite being exiled from royal duties and having no visible means of income, according to a new analysis. The Duke of York has lived a life of luxury for decades, funded through a mix of inheritance, property deals, and secretive financial arrangements with wealthy foreign associates.
Andrew's only declared income is a £20,000-a-year navy pension, yet he owns a £18 million Swiss chalet and maintains the 30-room Royal Lodge in Windsor Great Park. He acquired the lease to Royal Lodge in 2003 for £1 million and spent £7.5 million on renovations. He pays no rent but faces an estimated £2 million repair bill and £3 million annual security costs after King Charles stopped funding his police protection.
Public records show Andrew received nearly £13 million from the public purse for royal work between 1978 and 2010, with the last published figure being £249,000 in 2010. After that, the late Queen and King Charles reportedly gave him an annual allowance of £1 million from private wealth, though Charles stopped this last year amid pressure for Andrew to downsize.
The mystery of Andrew's finances has drawn renewed scrutiny following his association with Jeffrey Epstein and allegations of abuse by Virginia Giuffre. Senior MPs have requested more details, and politicians from both sides have called for transparency. Tory shadow justice secretary Robert Jenrick said: 'It's about time Prince Andrew took himself off to live in private and make his own way in life.'
