KEY POINTS

  • Prince Andrew has an estimated net worth of $45 million
  • He receives a tax-free payment of $323,000 each year from his mother, Queen Elizabeth II
  • The Duke of York stepped back from royal duties in 2019 after giving an interview regarding his links to Jeffrey Epstein

Prince Andrew, like other members of the British royal family, enjoys a life filled with luxury. But despite having a massive net worth and ownership of a valuable real estate portfolio, the disgraced Duke of York earns much less compared to other senior working members of the royal family.

The 61-year-old prince, who is the ninth in line to the British throne, receives a sizeable, tax-free payment of $323,000 annually for performing his royal duties, U.K.'s The Times reported. This money is taken directly from Queen Elizabeth II’s private estate, the Duchy of Lancaster.

Prince Andrew, the third child of the monarch and her late husband Prince Philip, no longer carries out official tasks as a member of the royal family after stepping back from royal duties in 2019 following backlash over his ties to Jeffrey Epstein. It is unclear if his annual salary declined after he stepped down.

But the Duke of York still has a fortune worth a staggering $45 million, according to Celebrity Net Worth.

On top of his allowance from his mother, Prince Andrew also receives an annual pension of $26,000 from the Royal Navy, where he served for 22 years before retiring in July 2001, Fox Business reported.

Most of Prince Andrew’s wealth is tied up in his multimillion-dollar properties, which include a $17 million chalet Helora in Swiss ski resort Verbier and a $10 million, 30-room residence in Windsor Park called the Royal Lodge. He shares this with his ex-wife, Sarah Ferguson, Duchess of York.

Prince Andrew was also given a large country estate called Sunninghill House as a gift when he tied the knot with Ferguson in 1986. In 2002, six years after the couple’s divorce, Prince Andrew put the home up for sale but could not find a buyer for more than five years.

The home was purchased in 2007 by Timur Kulibayev, the son-in-law of the former president of Kazakhstan, for $20 million, several million dollars over the asking price, according to Fox Business and Celebrity Net Worth. Part of his current wealth is believed to have come from the money gained from the sale of the property.

His older brother and the heir to the British throne Prince Charles, meanwhile, controls the Duchy of Cornwall, which generates around $20 million in income every year. The trust also pays Prince William and Kate Middleton, and formerly Prince Harry and Meghan Markle.

In April, Prince Andrew gave interviews to the British media after the death of his father, Prince Philip, his first since he stepped down from public duties for the royal family.

Recently, Virginia Roberts Giuffre, one of Epstein’s alleged victims, filed a lawsuit against Prince Andrew accusing him of sexually abusing her when she was under the age of 18. The Duke of York has denied all allegations, saying he has never met Giuffre, Forbes reported.

Prince Andrew has vehemently denied claims he had sex with Virginia Giuffre, and said he has no recollection of meeting her Prince Andrew has vehemently denied claims he had sex with Virginia Giuffre, and said he has no recollection of meeting her Photo: AFP / JOHN THYS