Prince Andrew net worth: How did Queen’s son amass his huge wealth? (2024)

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PRINCE ANDREW is the Queen’s third child and is eighth in line to the throne. Tonight he appears in a BBC Newsnight interview answering questions on his friendship with the late Jeffrey Epstein, a convicted sex offender. What is the Duke of York’s net worth?

By Lauren O'Callaghan

Prince Andrew: Expert discusses why royal agreed to interview

Prince Andrew, 59, is the former husband of Sarah Ferguson, 59, and together they share daughters Beatrice, 31, and Eugenie, 29. The royal has worked for the Royal Navy as well as representing the UK abroad as a trade envoy.

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As a member of the Royal Family, he has access to great wealth and privilege.

How much money does the Duke of York have, and where did he get his fortune from?

According to The Sun, Andrew has an eye-watering wealth of £57million.

This allegedly makes him the third richest royal, behind Prince Charles and the Queen herself.

READ MORE: Princess Beatrice engaged: Edoardo Mapelli Mozzi net worth revealed

Prince Andrew net worth: How did Queen’s son amass his huge wealth? (5)

Prince Andrew net worth: How much money does the royal have in the bank? (Image: Getty Images)

Before he dedicated himself to the Crown, Prince Andrew worked in the forces and joined the Royal Navy in 1978.

He worked as a midshipman before being promoted to the rank of Lieutenant in 1984.

The royal also worked as flight commander and pilot before retiring in 2001.

After retiring, Andrew landed the job of UK Special Representative for Trade and Investment.

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However this work isn’t the only revenue stream for Andrew over the years.

He is reportedly given a tax-free payment from the Queen each year to fund his private office, to the sum of £249,000.

On top of that, the Queen’s son is said to receive a hefty £20,000 naval pension.

Andrew is also the owner of a collection of enviable properties, including the Royal Lodge in Windsor.

Prince Andrew net worth: How did Queen’s son amass his huge wealth? (8)

Prince Andrew net worth: Andrew is the Queen's third child & is rumoured to be her favourite (Image: Getty Images)

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  • Princess Beatrice net worth: Royal has this staggering sum in the bank

The royal splashed his cash and spent £7.5million refurbishing the property, Norman Baker, a former Lib Dem MP, recently told the Mail on Sunday.

Norman also claimed Andrew and his ex-wife, Sarah Ferguson, forked out £13million for a ski chalet in Switzerland.

Speaking in 2011, Sarah told The Telegraph Prince Andrew had helped her with money, showing his wealth again.

How much are Prince Andrew's daughters worth? Both Princess Eugenie and Princess Beatrice have large fortunes.

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    Prince Andrew net worth: How did Queen’s son amass his huge wealth? (10)

    Prince Andrew net worth: Andrew married Sarah Ferguson in 1986 - they are now divorced (Image: Getty Images)

    Princess Beatricehas a net worth of around £3.8 million, according to OK! Magazine.

    Most recently she has made her money as the Vice President of Partnerships and Strategy at the software company, Afiniti.

    Princess Eugeniehas a slightly higher fortune of £3.9 million, according to Refinery29.

    This means she has made more money than her royal sister which she could have earned through her working life.

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