How Prince Andrew Will Make Money After Giving Up All Royal Titles Amid Jeffrey Epstein Controversy

It was recently announced that King Charles' brother is giving up his titles and honors

Prince Andrew has further distanced himself from the royal family.

Andrew, the sibling of King Charles III, has been embroiled in controversy for a while due to his associations with the late Jeffrey Epstein.

Epstein was convicted in 2008 of soliciting prostitution and soliciting prostitution from a minor under 18, receiving an 18-month prison sentence. However, his legal troubles continued, as many alleged victims came forward following his imprisonment.

In 2019, he was arrested again and faced charges of sex trafficking minors and conspiracy to commit sex trafficking of minors.

Regarding Prince Andrew's involvement in Epstein's crimes, Virginia Giuffre claimed she was trafficked by Epstein at 17 and was forced to have sex with Queen Elizabeth's son in 2001 — an allegation Prince Andrew has consistently denied.

Prince Andrew has consistently denied the allegations against him (Max Mumby/Indigo/Getty Images)

Tragically, Giuffre passed away by suicide at the age of 41 in April 2025.

These allegations emerged in 2015 through court documents related to Epstein, and the former Duke of York settled with Giuffre in 2022 after she filed a civil lawsuit against him.

Two years before the settlement, Prince Andrew was compelled to suspend all his royal duties.

Now, with the release of Giuffre's posthumous memoir tomorrow, Andrew has announced that he will cease using his Duke of York title and any honors he received. This raises questions about the impact on his income and lifestyle.

Since stepping down from his royal duties five years ago, Prince Andrew no longer qualifies for funding from the Sovereign Grant.

Nevertheless, it's reported that the 65-year-old's net worth is still around $5 million, according to Metro Online.

Prince Andrew pictured with his late mother, Queen Elizabeth (Chris Jackson/Getty Images)

His financial accumulation is believed to stem from his personal business investments. For instance, he sold his Sunninghill Park property in 2007 for £15 million.

Alongside his own funds, Andrew received money from Queen Elizabeth's Privy Purse. Reports have indicated he was given up to £250,000 annually.

However, King Charles reportedly halted these grants to Andrew last year.

Despite this, Andrew's residence at Royal Lodge, a Grade II listed, 30-room home in Windsor, remains secure due to a long-term lease with the Crown Estate, valid until 2078.