Prince Andrew Net Worth 2022 – Salary, Income, Earnings

Prince Andrew Net Worth

Prince Andrew has an estimated net worth of $6 million. Prince Andrew, the brother of Prince Charles, is the Duke of York and eighth in line to the British throne. In addition to the financial support that he received from his mother Queen Elizabeth II, his other known source of income is a 20,000-pound Royal Navy pension.

Andrew, Duke of York, was born to Queen Elizabeth II and the Duke of Edinburgh in 1960 at Buckingham Palace. He enlisted in the Royal Navy in 1979 and spent the next 22 years honing his skills as a helicopter pilot.

He married Sarah Ferguson in 1986 amid a flurry of publicity, and their subsequent divorce in 1996 garnered even more attention. His most recent position for the British government was as a special representative for overseas business and investment.

To calculate the net worth of Prince Andrew, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.

All debts, such as personal loans and mortgages, are included in total liabilities. 

Here’s the breakdown of his net worth:

Name: Prince Andrew
Net Worth: $6 Million
Monthly Salary: $15 Thousand
Annual Income: $1 Million
Source of Wealth: British royal family member, Royal Navy

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Early Life and Education

Andrew Albert Christian Edward, better known as Prince Andrew, entered the world on February 19, 1960, in London’s Buckingham Palace.

His parents, Queen Elizabeth II and Prince Philip, Duke of Edinburgh, were the first reigning monarchs to have a child in 103 years. Until he turned eight, Prince Andrew was educated at Buckingham Palace by a governess.

At that point, he was sent to Heatherdown Preparatory School in Ascot. At the age of thirteen, Prince Andrew followed in the footsteps of both his father and older brother, Prince Charles, by enrolling at the prestigious Gordonstoun School in Morayshire, Scotland.

After graduating from Lakefield College School in Ontario, Canada in 1977, Prince Andrew went on to attend Britannia Royal Naval College in Dartmouth, England in 1979. This led to his commission as an officer in the Royal Navy and his eventual training as a pilot.

The Falkland Islands were British territory until 1982, when Argentina invaded them. At the time, Prince Andrew was serving on the HMS Invincible, which was slated to lead the retaking of the islands.

He participated in search-and-rescue missions, transport of wounded soldiers, and evacuation of casualties throughout the war. In February 1984, after Prince Andrew returned from his first tour of duty, he was promoted to the rank of lieutenant and named the queen’s personal aide-de-camp.

Posts and Patronages

At the month’s end in 2001, Prince Andrew officially terminated his service in the Royal Navy. After those first four years, in July 2005, he was officially named an honorary captain.

He rose through the ranks of the British armed forces, serving as a general, admiral, and air vice marshal before being appointed as the United Kingdom’s special representative for international trade and investment.

He is also very active in the community, having served as a patron for many groups including the British Science Association, the Children’s Foundation, the Outward Bound Trust, and the British Deaf Association.

Prince Andrew announced in November 2019 that he was withdrawing from public duties due to the “disruption” caused by his relationship with convicted sex offender Jeffrey Epstein, who had committed suicide in a Manhattan jail a few months earlier.

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Other Major Works

Prince Andrew has been actively involved in improving the charity Outward Bound Trust since becoming its chairman in 1999, when he followed in his father’s footsteps. He was very involved with the government agency “UK Trade & Investment” (which existed from July 2001 to July 2016).

The Middle East Association, which works to promote mutually beneficial relations between the countries of the Middle East, North Africa, Iran and Turkey, counts Prince Andrew among its patrons.

He also supports Fight for Sight, a nonprofit organization that uses grant money to research the causes and treatments of blindness and other eye diseases.

When Prince Andrew visited India in 2012, he was inspired by the Women’s Interlink Foundation, a nonprofit that teaches women how to start businesses with little or no startup capital. He then launched “Key to Freedom,” an initiative to promote the Women’s Interlink Foundation’s products.

The abseil from “The Shard,” Europe’s tallest building, took place on September 3, 2012, and Prince Andrew was one of 40 participants who raised money for the “Royal Marines Charitable Trust Fund” and the “Outward Bound Trust.” Two universities, the College of Huddersfield and London Metropolitan College, sponsored him this year.

In 2014, he developed a program called “[email protected],” which provides a platform for startup founders to present their business plans at “St. James Palace.” The Duke of York personally invites the selected entrepreneurs and gives those with promising ideas the opportunity to network with other entrepreneurs and possibly receive funding.

To help young people realize their potential, he also established a second charitable foundation in his name. He then endowed a number of awards to draw attention to young people’s achievements in business and other fields. In addition to the “Award for Technical Education,” the “Inspiring Digital Enterprise Award” and the “Young Entrepreneur Award,” he also endowed the “Young Entrepreneur Award.”

He also supports philanthropic groups that promote scientific and technological progress, such as TeenTech and Catalyst Inc. In 2014, he attended the 60th anniversary celebrations of the European Organization for Nuclear Research (CERN) in Geneva, Switzerland, where he advocated for British science.

Controversies

In 2011, the Duke and the palace came under intense scrutiny after he was spotted having lunch with his ‘friend,’ Jeffrey Epstein. In the United States, Epstein was found guilty of trying to get a young girl to engage in prostitution. After his release, the Duke was widely criticized after he was spotted strolling with the prisoner. The Duke reportedly severed ties with Epstein in July of 2011.

The Duke was accused of having an affair with a woman named Virginia Roberts in January 2015. Roberts was then a teenager at the time.

During her time in London and New York in 2001, the woman claimed to have met the Duke on both occasions. She claimed that she had an affair with the Duke despite being under duress. However, evidence supporting the claims has been lacking.

The Duke of York has taken heat for his frequent get-togethers with Ilham Aliyev, the president of Azerbaijan. The Duke is reportedly close with Ilham Aliyev, who has been accused of human rights violations and corruption in the past.

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Legal Cost

In March 2022, a lawyer for Virginia Giuffre, the woman who accused Prince Andrew of sexual abuse, said Prince Andrew had paid her a settlement. Giuffre’s lawsuit against the duke has since been dismissed. 

“I continue to unequivocally regret my ill-considered association with Jeffrey Epstein,” the duke said in a statement, adding that he was willing to help with any law enforcement investigation.

Based on what is known about Andrew’s personal wealth, it would not be enough to fund the settlement. Accordingly, Prince Andrew borrowed 1.5 million pounds ($2 million) from his private bank in 2017. It is reported that the queen helped Andrew finance the deal.

Marriage and Divorce From Sarah Ferguson

Prince Andrew wed his childhood friend Sarah Ferguson in July 1986, and the queen made them duke and duchess of York. Princess Diana was said to have encouraged the marriage because of how well the two got along.

The media attention surrounding their wedding and marriage likely played a role in the couple’s eventual split in 1992 and divorce two years later.

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Daughters

They had two children together, Beatrice Elizabeth Mary (born August 8, 1988) and Eugenie Victoria Helena (born March 23, 1990).

Personal Life & Girlfriend

The Daily Mail reported in 2003 that the Duke was allegedly dating a businesswoman named Amanda Staveley. Later, Amanda Staveley stated in an interview with “The Sunday Telegraph” that she would not marry the Duke.

In 2003 and 2004, the Duke of York was captain of one of the most prestigious golf clubs in the world. Many royal golf clubs count him among their patrons.

Because of his passion for skiing, he is also an adventurous person. Even more impressive, he bought a ski chalet in Switzerland.

He also frequently goes goose hunting with Kazakhstan’s President Nursultan Nazarbayev. Over the years, he has forged close ties with Kazakhstan and is a good friend of Nazarbayev.

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