What happens to Prince Andrew’s $3,700,000 fortune now Royal Family have ‘cut ties’

What will happen to the former Duke of York's $3,700,000 fortune now that the British Royal Family have 'cut ties' with him?

Yesterday (30 October), Buckingham Palace confirmed they had started the process to remove Andrew's titles, and shed further light on his future.

Now, many royal fans were keen to know about the status of his daughters, princesses Eugenie and Beatrice, following the move, along with his ex-wife Sarah Ferguson's future, Andrew's housing situation and who the new Duke of York might be.

But another key question concerns Andrew's fortune now that he's lost his royal title - a decision which reportedly followed the emergence of new evidence contradicting his previous account of his relationship with convicted sex offender Jeffrey Epstein.

Losing his titles and honours, and now being referred to simply as Andrew Mountbatten Windsor, represents not merely a symbolic act but a formal separation from the royal front line which fundamentally alters his privileges, responsibilities and public standing.

The former Duke of York will now be referred to simply as Andrew Mountbatten Windsor (Photo by Martin Meissner - WPA Pool/Getty Images)

Andrew's wealth explained

Now, before losing his titles, the 65-year-old's wealth was modest by royal standards but still significant.

Estimates in 2025 placed his net worth at around £3.7 million (approximately $5 million) and, over the decades, he is reported to have received nearly £13 million in funding for royal duties.

A major component of his assets is the long-term lease on the Royal Lodge at Windsor Great Park, where he has lived for years on very favourable terms.

He reportedly paid £1 million for the lease and invested £7.5 million in refurbishments - an arrangement that effectively allowed him to pay no rent once the renovation was complete.

Spread over the 75-year lease, this equates to roughly £113,000 per year, which is far below the property’s estimated market rate.

However, Buckingham Palace has now confirmed that formal notice has been served for Andrew to surrender the lease, stating: "His lease on Royal Lodge has, to date, provided him with legal protection to continue in residence.

"Formal notice has now been served to surrender the lease, and he will move to alternative private accommodation. These censures are deemed necessary, notwithstanding the fact that he continues to deny the allegations against him."

The 65-year-old will no longer receive private allowances and institutional backing (Max Mumby/Indigo/Getty Images)

Andrew’s finances now

Following yesterday's announcement, Andrew’s financial position appears to be entering a period of uncertainty.

He will no longer receive the private allowances and institutional backing, which is reportedly around £1 million per year.

The loss of these funds means he must now cover the significant costs of security, maintenance, and personal staff from his own resources.

Also, both the reputational damage and loss of status have limited his access to business networks that once provided many opportunities. Several companies linked to him have reportedly paused or severed ties, leaving his financial prospects increasingly reliant on less liquid assets such as property holdings.

So what will happen to his current funds? Well, it's likely they'll have to be put to use in covering more costs than he had before.