Prince Andrew's financial situation has been a topic of much speculation and confusion. While he used to receive an annual payment from the Queen through the Duchy of Lancaster and a pension from the Royal Navy, it is uncertain where he currently gets his money from. It is known that he sold a property called Sunningdale Park for £15 million, but it is unclear how much of that money he has left after splitting it with his ex-wife, the Duchess of York. Additionally, he and Fergie bought a Swiss chalet, the sale of which was mired in controversy. Prince Andrew is known for his extravagant lifestyle, enjoying yachts and private jets funded by wealthy friends. However, compared to the people he associates with, he is considered a "pauper prince."
Recently, Prince Andrew has faced additional financial burdens. He is now responsible for the upkeep of Windsor Great Lodge, which costs £2 million a year. The king has also decided to stop funding his private security, amounting to £3 million. These expenses, totaling £5 million, are in addition to other costs he incurs. The king has been trying to convince Andrew to move into a smaller property, Frogmore Cottage, so that Windsor Lodge can be used by Prince William and Catherine. However, Andrew claims to have a cast iron lease and is reluctant to give up his status symbol.
It is worth noting that Prince Andrew's expenses are not funded by British taxpayers. Instead, they come from the king's private fund. The king has already informed non-working royals that their funding will be reduced, so it is likely that Andrew's stipend has also been affected. The prince's financial situation is further complicated by the involvement of his ex-wife, Sarah Ferguson, who has had her own money problems in the past but is currently contributing to the household income. It remains to be seen if her contributions will be enough to cover the significant outgoings.
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