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How Prince Andrew Will Make Money Now He’s Given Up Royal Titles
People are questioning how Prince Andrew will make money in the future after it was announced that he is giving up his royal titles.
It was announced last Friday (October 17) that Prince Andrew would give up his royal titles, an honor received from his mother, the late Queen Elizabeth II.
The 65-year-old’s statement read: “I have decided, as I always have, to put my duty to my family and country first. I stand by my decision five years ago to stand back from public life.
“With His Majesty’s agreement, we feel I must now go a step further.
“I will therefore no longer use my title or the honours which have been conferred upon me. As I have said previously, I vigorously deny the accusations against me.”
Prince Andrew has been at the center of media attention for some time, after facing allegations of s**ual misconduct, linked to his alleged association with convicted s** offender Jeffrey Epstein.
Virginia Giuffre, who took her own life earlier this year, accused Prince Andrew of s**ually abusing her on three occasions when she was 17 years old, alleging that she was trafficked by Epstein.
Andrew has denied all allegations, claiming that he has no recollection of ever meeting Giuffre, despite a photograph existing that appears to show them together.
The photograph was allegedly taken in 2001 at the London home of Ghislaine Maxwell, Epstein’s former girlfriend, who is now serving a 20-year sentence for s** trafficking.
Giuffre died by s**cide at the age of 41 in April 2025.
The former Duke of York payed Giuffre a £12 million settlement fee in 2022 after she filed a civil suit against him, despite denying allegations.
But after further stepping back from royal duties on Friday, questions have been raised as to how the Prince will now sustain his income and lifestyle.
When Prince Andrew initially stepped back five years ago, he was no longer eligible to receive funding from the Sovereign Grant.
Despite this, it’s been estimated that the 65-year-old is still worth around $5 million, per Metro.
It’s been reported that the Prince has made this money via personal business investments, having sold his Sunninghill Park home in 2007 for £15 million.
He will have also received money from Queen Elizabeth’s Privy Purse, which could have previously granted him access to £250,000 a year.
However, it has been noted that King Charles allegedly stopped Prince Andrew from receiving such grants last year.
As to where he will live, it seems that Andrew is entitled to remain in his Royal Lodge residence, a Grade II listed property, due to his occupancy being protected by a long-term lease with the Crown Estate lasting until 2078.
Related Article: Virginia Giuffre Revealed Disturbing Word Jeffrey Epstein Made Her Say In Bed
Related Article: Prince Andrew ‘Feuding’ With Prince William Over ‘Nasty Remarks’ About Kate Middleton
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