Does he own property?
Andrew has lived at the Royal Lodge, a 30-room property near Windsor Castle, for more than 20 years. In 2003, he signed a 75-year lease with the Crown Estate, a portfolio of properties that is nominally owned, but not controlled, by the monarch.
Loading
He invested a required £7.5 million pounds to refurbish the home and has resided there for the annual sum of a peppercorn, a symbolic figure often used to satisfy the legal requirement of real estate transactions.
However, Andrew has now been given notice that his time at Royal Lodge is coming to an end. King Charles has arranged for his brother to move into one of the houses on his Sandringham Estate.
Charles privately owns the 8000 hectare estate – held by the royal family since 1862 – roughly a two-and-a-half hour drive north of London, meaning Andrew won’t be living in a Crown Estate property. It’s not yet clear which house he will live in.
Andrew has previously owned a chalet in an exclusive Swiss ski town of Verbier, buying the home for £18 million in 2014 before selling it for £22 million in 2022.
The sale occurred in the same year Andrew was reported to have paid Virginia Giuffre – the woman who accused Jeffrey Epstein of forcing her to sleep with the royal as a 17-year-old in 2001 – a settlement of about £12 million.
His mother, Queen Elizabeth, also gifted him a mansion called Sunninghill Park as a wedding present. In 2007, Andrew controversially sold it to the son-in-law of the president of Kazakhstan for £15 million, £3 million above the asking price.
Who will fund Andrew as a citizen?
Despite a history of owning properties and various other payments, it is unclear how much wealth Andrew has in his name, especially after various legal settlements.
In recent days, British media have reported that Andrew is set to receive a large one-off six-figure payment to cover his relocation to Sandringham, as well as an annual stipend designed to prevent him from overspending in his new life.
Relocating could take some time. There remains the task of divvying up possessions with his ex-wife Sarah Ferguson, who has lived with Andrew at Royal Lodge since 2008, but who will not be moving on to Sandringham at Charles’ expense.
With AP
The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon.
