Prince Andrew, formerly a working royal, has experienced a substantial reduction in his financial status, with current estimations of his net worth at approximately £5 million. This marks a significant decrease, particularly in light of his retreat from royal duties following a controversial Newsnight interview in 2019. The interview, which scrutinized his connections with convicted sex offender Jeffrey Epstein and the allegations made by Virginia Roberts Giuffre, preceded his decision to step back from public duties. Subsequently, Prince Andrew reached a reported £12 million settlement with Giuffre.

Prince Andrew’s wealth, as estimated by staff at his private bank in 2017, showcased a figure of £5 million. Throughout his tenure as a working royal, he received an estimated annual sum of £250,000, in addition to an armed forces pension amounting to roughly £20,000 per year. Currently, he resides in the Royal Lodge in Windsor. Notably, the Prince sold his property in Verbier, a Swiss ski chalet, for an estimated £19 million.

The Prince’s financial standing and public role have been significantly impacted by the ramifications of the interview and associated legal matters. In 2022, in a move reflective of these changed circumstances, he was stripped of his military titles and royal patronages, signaling a transition to a more private presence and focus within the public sphere.