At the center of all Andrew’s problems is money.
that was what attracted him Jeffrey Epstein – Multi-millionaire pedophile financier – First of all, a move that brings about his downfall.
And money, or lack thereof, will now play a big part in his decision making.
Despite its opulent 30-room, seven-bedroom home, the Royal Lodge, a stone’s throw Windsor CastleAndrew, like most royals, is not cash-rich.
He never had the money needed to finance the private jet lifestyle, luxury ski chalets and golf course days he and his ex-wife Sarah Ferguson were so enamored of, which led him to a group of international undies. Had to walk side by side. could pay for it.
And he’s certainly not rich enough to afford an estimated legal bill of £5 million to £6 million, which he has to pay to fight the case and clear his name on the sexual allegations leveled against him by Virginia Roberts. likely to be dropped as a result of the verdict. ,
Money is what led Prince Andrew (pictured) to Jeffrey Epstein – the multi-millionaire pedophile financier – in the first place, a move that set about his downfall.
Nor could he make out of his own pocket an important settlement with Miss Roberts, now known as Virginia Giuffre.
Andrew has no, it should be emphasized, has not received any public funding for many years.
The only bills (certainly not disproportionately) met by taxpayers for his official globetrotting as Britain’s Special Representative for Trade and Investment are travel costs – and give them 24-hour protection.
Privately, he is survived by hand from the Queen to the Duchy of Lancaster Estate, personal investments and bequests from family members such as the late Queen Mother and her modest naval pension.
Despite his opulent 30-room, seven-bedroom home, the Royal Lodge (pictured), a stone’s throw from Windsor Castle, Andrew is, like most royals, not cash-strapped
He lives at the Royal Lodge, the home of the late Queen Mother, on a preferential, but undisclosed, 100-year lease from the Crown Estate and has no property of his own, other than the £18 million ski chalet he has so much to do with Sarah, the Duchess. disastrously bought it in Verbier, York, five years ago.
He is now forced to sell what he owed to the seller, French socialite Isabel de Rouvre, after failing to make the second £5 million instalment, who took legal action to retrieve it.
She revealed this week that Andrew and Sarah finally settled the debt in November, and sources close to Duke say a new buyer has been found and sales are underway.
But given his £13 million mortgage on the property and outgoings, how much he will have left for the latter remains to be seen.
It is conceivable that he would have had some money left over from the sale of Suninghill Park, his former wedlock home near Windsor, which was a wedding gift from the Queen. By Timur Kulibayev – The 12-bedroom property, which had been on the market for five years, compared to an out-of-town superstore, was suddenly bought in 2007 for £15million – £3million asking price.
Kulibayev is Prince Andrew’s friend and swan-hunting partner Nursultan Nazarbayev, son-in-law of Kazakhstan’s former autocratic ruler.
The £18million ski chalet Prince Andrew bought so disastrously five years ago with Sarah, Duchess of York in Verbier. The seller, French socialite Isabel de Rouvre, who took legal action to retrieve it, has now been forced to sell it after failing to make a second £5 million installment payable.
It has been suggested that until now the Queen was helping her son with his legal bills.
Of course, she could continue to do so.
But royal insiders say it is ‘unthinkable’ that she could or would contribute to the financial settlement with Miss Roberts, who has ultimately accused her son of rape, if the prince were to go down that path. should be forced.
The Royal Lodge is not hers to sell, but she may be forced to vacate the property to reduce her outgoing in the near future, especially now that both of her daughters have moved out and it is just herself and her ex. The wife is rattling around the huge property.
It will certainly be freeing up for the Duke and Duchess of Cambridge to go in it, if the rumors of them stepping up from Windsor are true.
But that still won’t send the millions flowing back to Andrew’s treasury.
The future does not look financially secure for the crisis-hit Duke.