Prince Andrew’s finances: How a new business deal could earn him millions

Prince Andrew has often been the subject of media speculation, especially when it comes to his finances. Since he was forced to step down as a working royal after he was accused of sexual abuse in 2020, many have wondered how he continues to fund his lifestyle.

Indeed, when Charles became King, he reportedly cut his brother off financially and has been trying to evict the disgraced Duke from Royal Lodge, his current residence, which he shares with his ex-wife, Sarah Ferguson.

Amid these questions, reports have suggested that the Duke of York will come into a substantial amount of money thanks to a recent deal.

Prince Andrew could earn millions thanks to new deal

The Sun reported that Prince Andrew is acting as a middleman for a business giant, which will allegedly earn him millions.

According to the tabloid, Prince Andrew has come to an agreement with the Dutch-based firm Startupbootcamp (SBC) to use contacts he made from his Pitch@Palace initiative.

Per the current agreement between the Prince and SBC, Andrew earns money for each deal the Dutch-based firm secures in territories worldwide. As a result, the Duke of York earns millions of pounds.

Per The Sun, the deal was first proposed to Buckingham Palace in the summer of 2024. Following the proposition, King Charles allegedly pulled £1 million from his annual funding for Prince Andrew.

An unnamed source explained that this deal is how Prince Andrew can afford to remain at Royal Lodge:

He will earn money from each deal SBC secures from his Pitch@Palace work, and the windfall will help enable him to hold on to Royal Lodge. It is a way of exploiting the enviable business links he has secured over the years.

The major bills Prince Andrew faces at the Royal Lodge

As many know, there were rumours that Prince Andrew potentially faced eviction from Royal Lodge in 2024, as King Charles offered his younger brother Frogmore Cottage.

However, the Duke of York is said to have refused to give up the historical building. Per the lease Prince Andrew signed when he moved into Royal Lodge, he is the one responsible for the building's upkeep, which can be expensive, as the building must keep with the history and style of the Grade II listed home.

According to Terry Fisher, a property expert at We Buy Any Home, Prince Andrew may see an increase in bills as the size alone of the land requires ‘regular attention’; otherwise, it can quickly become unmanageable.

He told GB News:

Without regular attention, overgrowth can quickly spiral out of control, requiring professional intervention to restore order.

Adding:

Maintaining 21 acres of gardens at a property like Royal Lodge would typically require a dedicated team of four to six gardeners, depending on the complexity of the landscaping.

Terry Fisher estimated the amount of money required to maintain Royal Lodge’s garden. He believes it could cost the Prince anywhere from £30,000 to £40,000 annually.

Costs can vary, but hiring experienced gardeners could range from £30,000 to £40,000 [approximately $24,000 to $32,000] annually per gardener, meaning the total annual maintenance bill could easily exceed £150,000 [approximately $119,000].

As reported by Marie Claire, a source claimed that the Duke of York is ‘doing his own gardening’.

Read more:

Prince Andrew: The Duke starts new Royal Lodge renovations with £20,000 paint job

Prince Andrew: New book reveals Angela Rayner refused to support his last-remaining royal role

Prince Andrew reported to the police over use of different name to set up private companies

Sources used:

The Sun: ‘FLOGGING CONTACTS Disgraced Prince Andrew set to earn MILLIONS after striking deal to act as middle man for a business giant’

GB News: ‘Prince Andrew faces eye-watering bill to stop Royal Lodge ‘spiralling out of control’ in looming dilemma for duke’

Marie Claire: ‘Prince Andrew's Royal Lodge Costs Are "Spiraling Out of Control" Amid Home's Rumored Disrepair’