Prince Andrew Secures Funding To Remain In $38 Million Estate After Brother King Charles Cuts Off His $3 Million Annual Allowance
Prince Andrew has reportedly found a way to sustain his lifestyle and remain at the Royal Lodge, just weeks after King Charles ended financial support and urged him to vacate the residence.
The source of Andrew’s newfound funds remains a mystery, with his Royal Navy pension being his only confirmed regular income. Nonetheless, the crown’s financial director has verified that the funds originate from legitimate sources.
After distancing himself from royal duties due to associations with Jeffrey Epstein, Andrew relied heavily on a substantial allowance from King Charles. This allowance helped cover various expenses, including over $3 million annually for personal security. However, King Charles recently refused to continue covering these costs and directed Andrew to move from the Royal Lodge to Frogmore Cottage unless he could support himself financially.
Defying these instructions, Andrew has continued residing in the 30-room, $38 million Royal Lodge on the Windsor Castle grounds. He managed to secure enough financial backing to avoid moving to Frogmore Cottage, a property previously occupied by Prince Harry and Meghan Markle.
Andrew has lived at the Royal Lodge since 2004, sharing the estate with his ex-wife, Sarah Ferguson.
Throughout the years, in addition to his royal allowance, Andrew has generated income through various real estate ventures. Notable transactions include the $20 million sale of Sunninghill Park in 2007 and selling a Swiss ski chalet in 2022.
In 2017, Andrew took out a $1.9 million loan from a Luxembourg bank, which financier David Rowland promptly repaid.
Despite securing funds, some royal biographers have expressed concerns regarding Andrew’s financial dealings, particularly due to his previous association with Epstein. Andrew was embroiled in a lawsuit filed by Virginia Giuffre, an Epstein accuser, in 2021. Giuffre alleged she was coerced into encounters with Andrew as a teenager. This lawsuit was settled out of court the following year for an undisclosed multimillion-dollar sum.
Prudent financial planning and securing legitimate income sources have enabled Prince Andrew to maintain his residence at the Royal Lodge. However, his financial future remains a subject of public interest and scrutiny.
