Prince Andrew Net Worth: Prince Andrew is a British prince who has a net worth of $45 million. He was born Andrew Albert Christian Edward on February 19, 1960 at Buckingham Palace, London. He is the second son and third child of Queen Elizabeth II and Prince Philip, Duke of Edinburgh. Also known as the Duke Of York, he is currently eighth in line to succeed his mother, whereas at the time of his birth he was second in line.
Finances: In the British monarchy, the next in line to the throne inherits a valuable real estate portfolio called The Duchy of Cornwall Trust. This trust, which Andrew’s brother Prince Charles controls, generates around $20 million in income every year. Officially, Andrew is supported by a tax free $322,000 annual allowance from his mother.
Despite not having a valuable royal trust like this brother, somehow Prince Andrew has himself built a valuable real estate portfolio that includes a seven-bedroom luxury lodge in Switzerland that he bought in 2014 for $17 million. His primary residence is a $10 million mansion in the English countryside. In 1986, as a wedding gift, Andrew was given a large country estate called Sunninghill House. Interestingly, he put the house on the market in 2002 but could not find a buyer for more than five years. Interestingly a buyer appeared in 2007 who paid $20 million, several million dollars over asking, through an overseas trust. The estate then sat empty and declining for over a decade.
Early Life: Educated in prestigious schools, Andrew joined the Royal Naval College Flight, and underwent pilot training. He went on to serve as an active duty helicopter pilot and later, an instructor in helicopter flight in the Royal Navy, where he also acquired the actual rank of commander and the honorary rank of rear admiral. As a naval officer, Prince Andrew took on an active duty during the Falklands War in 1981. Prince Andrew formally left the Royal Navy at the end of July 2001. In July 2005, he was promoted to honorary captain. He holds several posts in the British army, navy, air force and Commonwealth forces. He continued to carry out various royal duties and also served as the United Kingdom’s Special Representative for International Trade and Investment, a position he held until July 2011.
Today he serves in the Diplomacy Section of the Naval Staff at the Ministry of Defense. Prince Andrew is also involved with more than 100 organizations, including Fight for Sight, Defeating Deafness, and the Commonwealth Society for the Deaf. He is the chairman of the National Society for the Prevention of Cruelty to Children’s Full Stop Campaign, the executive chairman of trustees of the Outward Bound Trust, and patron of the British Schools Exploring Society and the Sea Cadets.
Personal Life: Prince Andrew was often considered to be less of an intellectual and more of an athlete than his brother, Prince Charles, and he became fondly called “Randy Andy” for his reputation with women. He has been married only once to Sarah Ferguson, from 1986 to 1996. Their marriage, subsequent separation, and eventual divorce attracted a high level of media coverage. They had two children together, Beatrice Elizabeth Mary (born on August 8, 1988) and Eugenie Victoria Helena (born on March 23, 1990).
Over the years, Prince Andrew has been heavily criticized over his long term friendship with convicted pedophile Jeffrey Epstein. Andrew maintained this relationship, traveling with and staying at many of Eptsein’s mansions, years after Epstein had served time in jail.