Prince Andrew seems to be preparing a war box before a possible lawsuit between him and Virginia Giuffre in New York. But what is its net worth and where does it get its money?
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Prince Andrew will face a civil trial following lawsuits filed against him by Virginia Giuffre, despite hopes the case will be dismissed by a New York judge.
The Duke of York has repeatedly denied these allegations and his legal team felt the case should be dismissed. However, a U.S. judge ruled that the case would continue.
A trial that could be costly for the royal will leave Prince Andrew with options, including a fight against the case or a settlement.
While doing so, he was also looking for a buyer for his luxury Swiss cottage worth £ 17 million.
It is assumed that the money he earned from the sale of the property will be used to finance his defense or, potentially, to help settle with Giuffre.
However, the sale of the £ 17 million cottage alone raises questions about the amount of money the royal family has.
What is the net worth of Prince Andrew?
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Reports claim that Prince Andrew has an estimated fortune of £ 32.5 million.
However, it is understood that the duke has had only one source of income for more than 20 years.
Where does Prince Andrew get his money?
The prince left the navy in 2001 and since then Buckingham Palace has awarded him £ 249,000 in exchange for his participation in the royal activities, reports i.
That’s about eight times the average salary in the UK of £ 31,285.
His royal duties came to a sharp halt after the infamous Newsnight interview in 2019, where his alleged friendship with Epstein was discussed.
He is also said to have received a £ 20,000 pension from the Navy, although it is not known whether he will also receive money from the Queen.
In 2007, he sold the home he shared with his ex-wife Sarah Ferguson, Sunninghill Park, for £ 14.4 million.
The couple received the property as a wedding gift from the queen after the engagement in 1986, and sold it to Timor Kulibayev, the son-in-law of the president of Kazakhstan 21 years later.
Prince Andrew enjoyed a luxurious lifestyle with a holiday in St Tropez and many other destinations visited by the rich and famous.
In 2014, he bought his £ 13 million cottage in Verbier, which has seven bedrooms, a swimming pool, a sauna and a sun terrace.
And in 2021 he was seen at the funeral of Prince Philip in the new £ 220,000 £ 220,000 Flying Spur Bentley, which he re-painted in racing green.