Andrew Mountbatten-Windsor, formerly known as Prince Andrew and the Duke of York, gave up his royal titles earlier in 2025 following a series of controversies. The situation began in 2020 when he withdrew from public duties due to backlash over his association with Jeffrey Epstein.
As of October 2025, Andrew’s net worth is estimated at £3.7 million ($5 million), according to Celebrity Net Worth. This is notable given that he has not had a public income for several years now. But his royal family connections are still keeping him afloat.
Things moved quickly after the Epstein allegations came to light. In January 2022, the late Queen stripped him of his honorary military roles and all his royal charity patronages. Buckingham Palace later announced he could no longer use his Duke of York title publicly, and the King eventually removed all remaining royal titles from his younger brother, leaving him officially known as Andrew Mountbatten-Windsor.
Andrew’s finances have taken a serious hit following his loss of royal status
The last publicly disclosed figure for his annual salary was in 2010, when he was receiving £249,000. After that, the Queen made direct payments to him from her private wealth while he was still performing royal duties. To understand what happened to Prince Andrew in more detail, the King later cut his £1 million annual royal allowance, leaving him with just a £20,000 naval pension as his declared income.
A 2023 investigation found that before 2019, Andrew had made almost £13 million through his royal work. This makes his current financial situation all the more striking by comparison. Andrew has lived at the Royal Lodge for over two decades.
A 2024 report suggested he had convinced Palace authorities that he had enough legitimate funds to cover his own expenses there. However, reports of Andrew’s Royal Lodge falling into disrepair due to lack of funds paint a difficult picture, and he is now required to leave, with a move to the Sandringham estate expected in the near future.
A royal expert has suggested that he will expect to keep staff to assist him at his new residence. Former BBC royal correspondent Jennie Bond said he is “living in fear and angry.” Andrew was seen in public for the first time in several weeks on November 17, horse-riding around the Windsor estate. It was his first public sighting since losing all his royal titles.
Published: Feb 19, 2026 08:45 am